Alpha Cubed Investments LLC lifted its position in shares of Walt Disney Company (The) (NYSE:DIS) by 17.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,209 shares of the entertainment giant’s stock after buying an additional 7,291 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Walt Disney Company (The) were worth $5,228,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DIS. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of Walt Disney Company (The) during the first quarter worth $144,000. Feltz Wealth PLAN Inc. bought a new position in shares of Walt Disney Company (The) in the first quarter worth $173,000. Paragon Capital Management Ltd bought a new position in shares of Walt Disney Company (The) in the first quarter worth $200,000. Evanson Asset Management LLC increased its position in shares of Walt Disney Company (The) by 5.3% in the second quarter. Evanson Asset Management LLC now owns 2,070 shares of the entertainment giant’s stock worth $220,000 after purchasing an additional 104 shares during the period. Finally, Harwood Advisory Group LLC increased its position in shares of Walt Disney Company (The) by 0.6% in the second quarter. Harwood Advisory Group LLC now owns 2,071 shares of the entertainment giant’s stock worth $220,000 after purchasing an additional 12 shares during the period. 61.38% of the stock is owned by institutional investors.

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Shares of Walt Disney Company (NYSE:DIS) opened at 100.07 on Friday. The company’s 50-day moving average price is $99.91 and its 200 day moving average price is $106.38. Walt Disney Company has a one year low of $90.32 and a one year high of $116.10. The company has a market cap of $154.46 billion, a P/E ratio of 17.75 and a beta of 1.40.

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

DIS has been the topic of a number of recent analyst reports. Zacks Investment Research cut Walt Disney Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Bank of America Corporation restated a “buy” rating and issued a $120.00 price target (down previously from $125.00) on shares of Walt Disney Company (The) in a research report on Friday, September 8th. FBR & Co restated a “hold” rating and issued a $97.00 price target on shares of Walt Disney Company (The) in a research report on Friday, September 8th. Guggenheim restated a “buy” rating and issued a $122.00 price target (down previously from $128.00) on shares of Walt Disney Company (The) in a research report on Wednesday, July 12th. Finally, UBS AG restated a “buy” rating and issued a $126.00 price target on shares of Walt Disney Company (The) in a research report on Tuesday, September 5th. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and nineteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $113.92.

In other Walt Disney Company (The) news, Director Maria Elena Lagomasino bought 976 shares of Walt Disney Company (The) stock in a transaction on Thursday, August 10th. The stock was acquired at an average price of $102.34 per share, with a total value of $99,883.84. Following the acquisition, the director now owns 7,513 shares in the company, valued at $768,880.42. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.38% of the stock is currently owned by company 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.

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

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