Argus Investors Counsel Inc. raised its holdings in Walt Disney Company (The) (NYSE:DIS) by 7.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,091 shares of the entertainment giant’s stock after purchasing an additional 2,701 shares during the quarter. Walt Disney Company (The) accounts for approximately 2.0% of Argus Investors Counsel Inc.’s investment portfolio, making the stock its 26th biggest position. Argus Investors Counsel Inc.’s holdings in Walt Disney Company (The) were worth $4,366,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Harwood Advisory Group LLC boosted its holdings in shares of 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 purchasing an additional 12 shares in the last quarter. HM Capital Management LLC boosted its holdings in shares of Walt Disney Company (The) by 0.5% in the 1st quarter. HM Capital Management LLC now owns 2,690 shares of the entertainment giant’s stock valued at $305,000 after purchasing an additional 14 shares in the last quarter. Barton Investment Management boosted its holdings in shares of Walt Disney Company (The) by 0.3% in the 1st quarter. Barton Investment Management now owns 7,732 shares of the entertainment giant’s stock valued at $876,000 after purchasing an additional 20 shares in the last quarter. Ipswich Investment Management Co. Inc. boosted its holdings in shares of Walt Disney Company (The) by 0.3% in the 2nd quarter. Ipswich Investment Management Co. Inc. now owns 8,320 shares of the entertainment giant’s stock valued at $884,000 after purchasing an additional 25 shares in the last quarter. Finally, Mutual of Omaha Bank Wealth Management boosted its holdings in shares of Walt Disney Company (The) by 0.7% in the 1st quarter. Mutual of Omaha Bank Wealth Management now owns 4,570 shares of the entertainment giant’s stock valued at $519,000 after purchasing an additional 30 shares in the last quarter. 61.47% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Company (DIS) traded down 0.22% during trading on Friday, reaching $96.85. The company’s stock had a trading volume of 8,588,426 shares. The company has a 50-day moving average of $104.22 and a 200 day moving average of $108.18. Walt Disney Company has a one year low of $90.32 and a one year high of $116.10. The firm has a market cap of $149.49 billion, a PE ratio of 17.18 and a beta of 1.42. Walt Disney Company (The) also was the recipient of some unusual options trading activity on Thursday. Traders bought 43,955 put options on the company. This represents an increase of approximately 179% compared to the typical daily volume of 15,745 put options.

Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The firm had revenue of $14.24 billion for the quarter, compared to analysts’ expectations of $14.44 billion. During the same quarter in the prior year, the company posted $1.62 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis. Analysts expect that Walt Disney Company will post $5.87 EPS for the current fiscal year.

DIS has been the subject of a number of research reports. BidaskClub upgraded Walt Disney Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Credit Suisse Group reiterated a “buy” rating and issued a $125.00 price target on shares of Walt Disney Company (The) in a research note on Sunday, May 28th. Macquarie cut Walt Disney Company (The) from an “outperform” rating to a “neutral” rating and increased their price target for the company from $90.32 to $105.00 in a research note on Wednesday, May 17th. Deutsche Bank AG reiterated a “buy” rating and issued a $125.00 price target (down from $130.00) on shares of Walt Disney Company (The) in a research note on Monday, May 15th. Finally, Piper Jaffray Companies set a $130.00 price target on Walt Disney Company (The) and gave the company a “buy” rating in a research note on Tuesday, August 22nd. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $114.16.

In other news, Director Maria Elena Lagomasino purchased 976 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were purchased at an average price of $102.34 per share, for a total transaction of $99,883.84. Following the completion of the acquisition, the director now directly owns 7,513 shares in the company, valued at approximately $768,880.42. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.38% of the company’s stock.

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Walt Disney Company (The) Company 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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