Cottage Street Advisors LLC cut its position in shares of Walt Disney Company (The) (NYSE:DIS) by 2.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,285 shares of the entertainment giant’s stock after selling 480 shares during the period. Cottage Street Advisors LLC’s holdings in Walt Disney Company (The) were worth $1,837,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Financial Group Inc. bought a new position in Walt Disney Company (The) during the first quarter valued at approximately $144,000. Feltz Wealth PLAN Inc. bought a new position in Walt Disney Company (The) during the first quarter valued at approximately $173,000. Paragon Capital Management Ltd bought a new position in Walt Disney Company (The) during the first quarter valued at approximately $200,000. Evanson Asset Management LLC boosted its stake in Walt Disney Company (The) by 5.3% during the second quarter. Evanson Asset Management LLC now owns 2,070 shares of the entertainment giant’s stock valued at $220,000 after buying an additional 104 shares during the last quarter. Finally, Milestone Group Inc. boosted its stake in Walt Disney Company (The) by 6.0% during the first quarter. Milestone Group Inc. now owns 2,100 shares of the entertainment giant’s stock valued at $238,000 after buying an additional 119 shares during the last quarter. 61.38% of the stock is owned by institutional investors.

In other news, Director Maria Elena Lagomasino bought 976 shares of the stock in a transaction that occurred on 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 completion of the purchase, the director now owns 7,513 shares in the company, valued at approximately $768,880.42. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.38% of the company’s stock.

Walt Disney Company (NYSE:DIS) traded up 0.53% during mid-day trading on Friday, hitting $98.57. The stock had a trading volume of 8,185,858 shares. Walt Disney Company has a 52-week low of $90.32 and a 52-week high of $116.10. The stock has a market cap of $152.14 billion, a P/E ratio of 17.48 and a beta of 1.42. The firm has a 50-day moving average of $101.91 and a 200-day moving average of $107.44.

Walt Disney Company (The) (NYSE:DIS) last issued its earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. The firm had revenue of $14.24 billion during the quarter, compared to the consensus estimate of $14.44 billion. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The company’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.62 earnings per share. On average, analysts forecast that Walt Disney Company will post $5.81 EPS for the current fiscal year.

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A number of brokerages have issued reports on DIS. Bank of America Corporation set a $125.00 price objective on Walt Disney Company (The) and gave the company a “hold” rating in a research report on Saturday, June 24th. BMO Capital Markets restated an “underperform” rating and set a $90.00 price objective (down from $95.00) on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. FBR & Co restated a “hold” rating and set a $97.00 price objective on shares of Walt Disney Company (The) in a research report on Friday, September 8th. Guggenheim restated a “buy” rating and set a $122.00 price objective (down from $128.00) on shares of Walt Disney Company (The) in a research report on Wednesday, July 12th. Finally, Credit Suisse Group restated an “outperform” rating and set a $125.00 price objective on shares of Walt Disney Company (The) in a research report on Tuesday, July 25th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Walt Disney Company (The) currently has an average rating of “Hold” and an average target price of $113.52.

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

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