Northwestern Mutual Investment Management Company LLC decreased its stake in shares of The Walt Disney Co. (NYSE:DIS) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,947 shares of the entertainment giant’s stock after selling 369 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in The Walt Disney were worth $5,571,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in The Walt Disney by 0.7% in the second quarter. Vanguard Group Inc. now owns 89,587,720 shares of the entertainment giant’s stock valued at $8,763,471,000 after buying an additional 633,253 shares during the last quarter. Geode Capital Management LLC boosted its position 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 valued at $1,221,823,000 after buying an additional 191,473 shares during the last quarter. Fisher Asset Management LLC boosted its position 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 valued at $867,232,000 after buying an additional 28,364 shares during the last quarter. Legal & General Group Plc boosted its position in The Walt Disney by 1.8% in the second quarter. Legal & General Group Plc now owns 7,105,883 shares of the entertainment giant’s stock valued at $695,080,000 after buying an additional 122,777 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in The Walt Disney by 0.6% in the first quarter. UBS Asset Management Americas Inc. now owns 5,534,311 shares of the entertainment giant’s stock valued at $549,613,000 after buying an additional 35,480 shares during the last quarter. Hedge funds and other institutional investors own 57.48% of the company’s stock.

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

The Walt Disney Co. (NYSE:DIS) traded down 1.14% during trading on Friday, reaching $98.24. 8,586,121 shares of the company’s stock were exchanged. The firm has a market capitalization of $157.18 billion, a price-to-earnings ratio of 17.14 and a beta of 1.21. The Walt Disney Co. has a 52 week low of $86.25 and a 52 week high of $120.65. The stock has a 50-day moving average price of $92.78 and a 200 day moving average price of $96.61.

The Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 10th. The entertainment giant reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $13.14 billion for the quarter, compared to analysts’ expectations of $13.71 billion. The Walt Disney had a return on equity of 19.81% and a net margin of 16.88%. The business’s revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the business posted $1.20 earnings per share. Equities research analysts forecast that The Walt Disney Co. will post $5.96 earnings per share for the current fiscal year.

Several research firms recently weighed in on DIS. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $118.00 target price on shares of The Walt Disney in a research note on Saturday, August 13th. Nomura reissued a “buy” rating and issued a $110.00 price objective on shares of The Walt Disney in a research note on Friday, November 11th. BTIG Research reissued a “sell” rating on shares of The Walt Disney in a research note on Friday, November 11th. Loop Capital reissued a “buy” rating and issued a $114.00 price objective on shares of The Walt Disney in a research note on Friday, November 11th. Finally, RBC Capital Markets reissued a “hold” rating and issued a $103.00 price objective on shares of The Walt Disney in a research note on Friday, November 11th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $108.39.

In other news, EVP Alan N. Braverman sold 19,871 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $99.00, for a total transaction of $1,967,229.00. Following the transaction, the executive vice president now directly owns 135,614 shares in the company, valued at $13,425,786. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 13.00% of the company’s stock.

The Walt Disney Company Profile

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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