Sprucegrove Investment Management Ltd. lowered its position in The Walt Disney Co. (NYSE:DIS) by 7.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,000 shares of the entertainment giant’s stock after selling 9,400 shares during the period. Sprucegrove Investment Management Ltd.’s holdings in The Walt Disney were worth $11,249,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Opera Trading Capital acquired a new stake in shares of The Walt Disney during the first quarter worth about $158,000. Springbok Capital Management LLC raised its stake in shares of The Walt Disney by 109.5% in the first quarter. Springbok Capital Management LLC now owns 1,635 shares of the entertainment giant’s stock worth $162,000 after buying an additional 18,835 shares in the last quarter. Gierl Augustine Investment Management Inc raised its stake in shares of The Walt Disney by 7.7% in the second quarter. Gierl Augustine Investment Management Inc now owns 1,976 shares of the entertainment giant’s stock worth $193,000 after buying an additional 141 shares in the last quarter. MCF Advisors LLC raised its stake in shares of The Walt Disney by 11.5% in the first quarter. MCF Advisors LLC now owns 1,999 shares of the entertainment giant’s stock worth $199,000 after buying an additional 206 shares in the last quarter. Finally, Financial Strategy Network LLC acquired a new stake in shares of The Walt Disney during the first quarter worth about $214,000. 57.92% of the stock is owned by hedge funds and other institutional investors.

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

The Walt Disney Co. (NYSE:DIS) traded up 0.20% on Friday, reaching $91.30. The company had a trading volume of 4,345,659 shares. The stock has a 50 day moving average price of $92.91 and a 200 day moving average price of $97.49. The Walt Disney Co. has a 52-week low of $86.25 and a 52-week high of $120.65. The stock has a market capitalization of $146.73 billion, a PE ratio of 16.41 and a beta of 1.25.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, August 9th. The entertainment giant reported $1.62 EPS for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.01. The firm earned $14.20 billion during the quarter, compared to the consensus estimate of $14.16 billion. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.45 earnings per share. Analysts expect that The Walt Disney Co. will post $5.78 EPS for the current year.

A number of equities research analysts recently issued reports on the company. Morgan Stanley reissued a “hold” rating on shares of The Walt Disney in a research note on Sunday, July 17th. FBR & Co restated a “hold” rating on shares of The Walt Disney in a report on Sunday, September 4th. Wells Fargo & Co. downgraded The Walt Disney to a “hold” rating in a report on Thursday, August 25th. Goldman Sachs Group Inc. restated a “neutral” rating and set a $108.00 price objective (down from $109.00) on shares of The Walt Disney in a report on Thursday, August 11th. Finally, Brean Capital restated a “hold” rating on shares of The Walt Disney in a report on Thursday, August 11th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $109.71.

About The Walt Disney

The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.

5 Day Chart for NYSE:DIS

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