Scopus Asset Management L.P. raised its stake in Walt Disney Company (The) (NYSE:DIS) by 275.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 750,000 shares of the entertainment giant’s stock after buying an additional 550,000 shares during the quarter. Walt Disney Company (The) comprises approximately 1.3% of Scopus Asset Management L.P.’s investment portfolio, making the stock its 14th biggest holding. Scopus Asset Management L.P.’s holdings in Walt Disney Company (The) were worth $85,043,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Soros Fund Management LLC bought a new position in Walt Disney Company (The) in the first quarter valued at approximately $408,000. Day & Ennis LLC lifted its position in shares of Walt Disney Company (The) by 2.2% in the first quarter. Day & Ennis LLC now owns 2,318 shares of the entertainment giant’s stock worth $263,000 after purchasing an additional 50 shares in the last quarter. Signaturefd LLC lifted its position in shares of Walt Disney Company (The) by 6.5% in the first quarter. Signaturefd LLC now owns 9,354 shares of the entertainment giant’s stock worth $1,061,000 after purchasing an additional 571 shares in the last quarter. Level Four Advisory Services LLC lifted its position in shares of Walt Disney Company (The) by 9.5% in the first quarter. Level Four Advisory Services LLC now owns 35,920 shares of the entertainment giant’s stock worth $4,060,000 after purchasing an additional 3,124 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Walt Disney Company (The) by 0.7% in the first quarter. State Street Corp now owns 67,739,871 shares of the entertainment giant’s stock worth $7,681,023,000 after purchasing an additional 456,053 shares in the last quarter. 61.47% of the stock is currently owned by hedge funds and other institutional investors.

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

Walt Disney Company (NYSE:DIS) traded up 0.01% during midday trading on Friday, reaching $97.07. 13,147,662 shares of the company traded hands. The firm has a market capitalization of $149.83 billion, a price-to-earnings ratio of 17.22 and a beta of 1.42. Walt Disney Company has a one year low of $90.32 and a one year high of $116.10. The firm has a 50-day moving average price of $103.93 and a 200-day moving average price of $108.10. Walt Disney Company (The) also was the target of some unusual options trading on Thursday. Traders acquired 43,955 put options on the company. This is an increase of approximately 179% compared to the average daily volume of 15,745 put options.

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

A number of brokerages have recently commented on DIS. BMO Capital Markets reissued an “underperform” rating and issued a $90.00 price objective (down previously from $95.00) on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. Loop Capital reissued a “hold” rating and issued a $108.00 price objective on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) set a $133.00 price objective on shares of Walt Disney Company (The) and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Wells Fargo & Company reissued a “market perform” rating and issued a $109.00 price objective on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. Finally, BidaskClub lowered shares of Walt Disney Company (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-one have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $113.95.

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.

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

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