Orca Investment Management LLC trimmed its holdings in Walt Disney Company (The) (NYSE:DIS) by 3.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,708 shares of the entertainment giant’s stock after selling 1,210 shares during the quarter. Walt Disney Company (The) comprises 3.5% of Orca Investment Management LLC’s portfolio, making the stock its 6th biggest holding. Orca Investment Management LLC’s holdings in Walt Disney Company (The) were worth $3,794,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DIS. Acadian Asset Management LLC raised its holdings in shares of Walt Disney Company (The) by 88.8% in the first quarter. Acadian Asset Management LLC now owns 3,345,124 shares of the entertainment giant’s stock valued at $379,305,000 after buying an additional 1,573,215 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Walt Disney Company (The) by 8,245.5% in the first quarter. Canada Pension Plan Investment Board now owns 670,726 shares of the entertainment giant’s stock valued at $76,054,000 after buying an additional 662,689 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Walt Disney Company (The) by 111.0% in the first quarter. AQR Capital Management LLC now owns 1,190,645 shares of the entertainment giant’s stock valued at $135,008,000 after buying an additional 626,245 shares during the last quarter. State Treasurer State of Michigan raised its holdings in shares of Walt Disney Company (The) by 73.3% in the first quarter. State Treasurer State of Michigan now owns 1,355,053 shares of the entertainment giant’s stock valued at $153,649,000 after buying an additional 573,000 shares during the last quarter. Finally, Scopus Asset Management L.P. raised its holdings in shares of Walt Disney Company (The) by 275.0% in the first quarter. Scopus Asset Management L.P. now owns 750,000 shares of the entertainment giant’s stock valued at $85,043,000 after buying an additional 550,000 shares during the last quarter. 61.38% of the stock is owned by institutional investors and hedge funds.

Shares of Walt Disney Company (NYSE DIS) traded down 0.12% during mid-day trading on Friday, hitting $99.99. The company had a trading volume of 2,220,545 shares. The company’s 50-day moving average is $99.95 and its 200 day moving average is $106.47. Walt Disney Company has a one year low of $90.32 and a one year high of $116.10. The company has a market capitalization of $154.33 billion, a PE ratio of 17.74 and a beta of 1.40.

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

A number of research firms recently issued reports on DIS. Zacks Investment Research cut Walt Disney Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Citigroup Inc. reiterated a “neutral” rating on shares of Walt Disney Company (The) in a research report on Thursday, September 28th. Morgan Stanley reiterated an “overweight” rating and issued a $130.00 price objective on shares of Walt Disney Company (The) in a research report on Wednesday, June 21st. Vetr lowered Walt Disney Company (The) from a “buy” rating to a “hold” rating and set a $103.55 price objective for the company. in a research report on Monday, August 21st. Finally, Wells Fargo & Company reiterated a “buy” rating and issued a $116.00 price objective on shares of Walt Disney Company (The) in a research report on Wednesday, September 20th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nineteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $113.92.

In other news, Director Maria Elena Lagomasino acquired 976 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was purchased at an average cost of $102.34 per share, for a total transaction of $99,883.84. Following the acquisition, the director now owns 7,513 shares of the company’s stock, valued at $768,880.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

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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.

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

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