Boston Advisors LLC reduced its stake in shares of Walt Disney Company (The) (NYSE:DIS) by 10.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 385,619 shares of the entertainment giant’s stock after selling 45,809 shares during the period. Walt Disney Company (The) accounts for 1.0% of Boston Advisors LLC’s holdings, making the stock its 11th largest position. Boston Advisors LLC’s holdings in Walt Disney Company (The) were worth $43,725,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of Walt Disney Company (The) during the fourth quarter worth about $110,000. Lombard Odier Transatlantic Limited Partnership raised its stake in shares of Walt Disney Company (The) by 71.4% in the third quarter. Lombard Odier Transatlantic Limited Partnership now owns 1,200 shares of the entertainment giant’s stock worth $111,000 after buying an additional 500 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of Walt Disney Company (The) by 7,240.3% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 128,089 shares of the entertainment giant’s stock worth $128,000 after buying an additional 126,344 shares during the last quarter. TLP Group LLC acquired a new stake in shares of Walt Disney Company (The) during the third quarter worth about $129,000. Finally, New Capital Management LP acquired a new stake in shares of Walt Disney Company (The) during the fourth quarter worth about $139,000. 63.74% of the stock is currently owned by institutional investors.

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

Shares of Walt Disney Company (NYSE:DIS) opened at 105.98 on Friday. The company has a 50-day moving average of $108.82 and a 200-day moving average of $108.97. Walt Disney Company has a 52 week low of $90.32 and a 52 week high of $116.10. The stock has a market capitalization of $165.85 billion, a P/E ratio of 18.48 and a beta of 1.39.

Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings results on Tuesday, May 9th. The entertainment giant reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.05. The business had revenue of $13.34 billion during the quarter, compared to the consensus estimate of $13.44 billion. Walt Disney Company (The) had a return on equity of 19.81% and a net margin of 16.63%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.36 EPS. On average, analysts anticipate that Walt Disney Company will post $5.95 EPS for the current year.

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A number of equities analysts have commented on the company. Royal Bank of Canada set a $130.00 target price on Walt Disney Company (The) and gave the company a “buy” rating in a research note on Monday. Moffett Nathanson restated a “buy” rating on shares of Walt Disney Company (The) in a research report on Friday, June 9th. Vetr downgraded Walt Disney Company (The) from a “buy” rating to a “hold” rating and set a $114.56 target price for the company. in a research report on Monday, February 27th. Instinet restated a “buy” rating and issued a $120.00 target price on shares of Walt Disney Company (The) in a research report on Wednesday, March 8th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $110.00 price target on shares of Walt Disney Company (The) in a report on Wednesday, May 10th. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eighteen have given a buy rating to the company’s stock. Walt Disney Company (The) presently has an average rating of “Hold” and a consensus price target of $116.49.

In related news, Chairman Robert A. Iger sold 797,578 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $105.09, for a total transaction of $83,817,472.02. Following the sale, the chairman now owns 1,566,484 shares of the company’s stock, valued at $164,621,803.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan E. Arnold sold 12,143 shares of the firm’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $109.02, for a total value of $1,323,829.86. Following the sale, the director now directly owns 48,673 shares in the company, valued at approximately $5,306,330.46. The disclosure for this sale can be found here. Insiders have sold a total of 811,721 shares of company stock worth $85,370,302 in the last 90 days. 0.38% of the stock is currently owned by insiders.

About Walt Disney Company (The)

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.

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