Bank of Montreal Can acquired a new position in The Walt Disney Co. (NYSE:DIS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,069,042 shares of the entertainment giant’s stock, valued at approximately $202,393,000. Bank of Montreal Can owned about 0.13% of The Walt Disney as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in The Walt Disney by 1.6% in the first quarter. Geode Capital Management LLC now owns 12,328,050 shares of the entertainment giant’s stock worth $1,221,823,000 after buying an additional 191,473 shares during the period. BlackRock Group LTD raised its stake in The Walt Disney by 0.6% in the first quarter. BlackRock Group LTD now owns 11,992,291 shares of the entertainment giant’s stock worth $1,190,955,000 after buying an additional 68,155 shares during the period. TIAA CREF Investment Management LLC raised its stake in The Walt Disney by 6.5% in the first quarter. TIAA CREF Investment Management LLC now owns 10,992,868 shares of the entertainment giant’s stock worth $1,091,702,000 after buying an additional 674,334 shares during the period. Fisher Asset Management LLC raised its stake in The Walt Disney by 0.3% in the second quarter. Fisher Asset Management LLC now owns 8,674,051 shares of the entertainment giant’s stock worth $867,232,000 after buying an additional 28,364 shares during the period. Finally, Legal & General Group Plc raised its stake in The Walt Disney by 1.0% in the first quarter. Legal & General Group Plc now owns 6,983,106 shares of the entertainment giant’s stock worth $693,503,000 after buying an additional 69,928 shares during the period. 57.96% of the stock is owned by institutional investors.

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

The Walt Disney Co. (NYSE:DIS) traded down 0.51% during trading on Monday, reaching $90.83. The company’s stock had a trading volume of 5,134,605 shares. The company has a market capitalization of $145.97 billion, a P/E ratio of 16.32 and a beta of 1.25. The company’s 50-day moving average is $92.79 and its 200-day moving average is $97.42. The Walt Disney Co. has a 1-year low of $86.25 and a 1-year high of $120.65.

The Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.01. The Walt Disney had a return on equity of 19.98% and a net margin of 16.48%. The business had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the prior year, the business earned $1.45 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis. Equities analysts anticipate that The Walt Disney Co. will post $5.78 EPS for the current year.

DIS has been the subject of several analyst reports. FBR & Co reissued an “outperform” rating and set a $111.00 price target on shares of The Walt Disney in a research report on Tuesday, June 21st. Royal Bank Of Canada reissued a “hold” rating on shares of The Walt Disney in a research report on Monday, June 27th. Barclays PLC reissued an “underweight” rating and set a $89.00 price target on shares of The Walt Disney in a research report on Thursday, June 30th. Vetr lowered shares of The Walt Disney from a “strong-buy” rating to a “buy” rating and set a $108.99 price target for the company. in a research report on Thursday, June 30th. Finally, Needham & Company LLC reissued a “hold” rating on shares of The Walt Disney in a research report on Saturday, July 2nd. 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 issued a strong buy rating to the stock. The Walt Disney presently has an average rating of “Hold” and an average target price of $109.40.

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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