Walt Disney Company (The) (DIS) Shares Sold by Investment Counsel Inc.

Investment Counsel Inc. reduced its stake in Walt Disney Company (The) (NYSE:DIS) by 0.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 28,503 shares of the entertainment giant’s stock after selling 225 shares during the quarter. Walt Disney Company (The) accounts for approximately 2.5% of Investment Counsel Inc.’s portfolio, making the stock its 13th largest holding. Investment Counsel Inc.’s holdings in Walt Disney Company (The) were worth $3,028,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of DIS. Sumitomo Mitsui Financial Group Inc. bought a new stake in Walt Disney Company (The) in the 1st quarter valued at about $144,000. Doyle Wealth Management raised its stake in Walt Disney Company (The) by 3.2% in the 2nd quarter. Doyle Wealth Management now owns 2,069 shares of the entertainment giant’s stock valued at $220,000 after acquiring an additional 65 shares during the period. Evanson Asset Management LLC raised its stake in Walt Disney Company (The) by 5.3% in the 2nd quarter. Evanson Asset Management LLC now owns 2,070 shares of the entertainment giant’s stock valued at $220,000 after acquiring an additional 104 shares during the period. Harwood Advisory Group LLC raised its stake in Walt Disney Company (The) by 0.6% in the 2nd quarter. Harwood Advisory Group LLC now owns 2,071 shares of the entertainment giant’s stock valued at $220,000 after acquiring an additional 12 shares during the period. Finally, Accurate Investment Solutions Inc. raised its stake in Walt Disney Company (The) by 5.3% in the 2nd quarter. Accurate Investment Solutions Inc. now owns 2,080 shares of the entertainment giant’s stock valued at $221,000 after acquiring an additional 105 shares during the period. 61.38% of the stock is currently owned by institutional investors.

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In related news, Director Maria Elena Lagomasino bought 976 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was purchased at an average price of $102.34 per share, for a total transaction of $99,883.84. Following the acquisition, the director now owns 7,513 shares in the company, valued at $768,880.42. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 13.00% of the stock is currently owned by insiders.

Shares of Walt Disney Company (NYSE:DIS) opened at 100.07 on Monday. Walt Disney Company has a 1-year low of $90.32 and a 1-year high of $116.10. The stock’s 50 day moving average price is $99.91 and its 200-day moving average price is $106.38. The stock has a market cap of $154.46 billion, a price-to-earnings ratio of 17.75 and a beta of 1.40.

Walt Disney Company (The) (NYSE:DIS) last announced its earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.05. The firm had revenue of $14.24 billion during the quarter, compared to analysts’ expectations of $14.44 billion. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.62 EPS. On average, equities research analysts forecast that Walt Disney Company will post $5.81 earnings per share for the current year.

A number of brokerages recently issued reports on DIS. BMO Capital Markets restated an “underperform” rating and issued a $90.00 price objective (down from $95.00) on shares of Walt Disney Company (The) in a research note on Thursday, August 10th. Loop Capital restated a “hold” rating and issued a $108.00 price objective on shares of Walt Disney Company (The) in a research note on Thursday, August 10th. Jefferies Group LLC restated a “hold” rating and issued a $103.00 price objective (down from $110.00) on shares of Walt Disney Company (The) in a research note on Friday. Goldman Sachs Group, Inc. (The) set a $133.00 price objective on Walt Disney Company (The) and gave the company a “buy” rating in a research note on Wednesday, August 9th. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $109.00 price objective on shares of Walt Disney Company (The) in a research note on Thursday, August 10th. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $113.92.

Walt Disney Company (The) Profile

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

Institutional Ownership by Quarter for Walt Disney Company (The) (NYSE:DIS)

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