Lincoln National Corp grew its stake in shares of Walt Disney Company (The) (NYSE:DIS) by 23.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,851 shares of the entertainment giant’s stock after purchasing an additional 2,438 shares during the quarter. Lincoln National Corp’s holdings in Walt Disney Company (The) were worth $1,366,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. State Street Corp increased its holdings in shares of Walt Disney Company (The) by 0.7% in the 1st quarter. State Street Corp now owns 67,739,871 shares of the entertainment giant’s stock valued at $7,681,023,000 after acquiring an additional 456,053 shares during the period. Legal & General Group Plc increased its holdings in shares of Walt Disney Company (The) by 5.3% in the 2nd quarter. Legal & General Group Plc now owns 7,885,053 shares of the entertainment giant’s stock valued at $837,761,000 after acquiring an additional 394,012 shares during the period. Clearbridge Investments LLC increased its holdings in shares of Walt Disney Company (The) by 2.0% in the 1st quarter. Clearbridge Investments LLC now owns 7,623,125 shares of the entertainment giant’s stock valued at $864,386,000 after acquiring an additional 150,316 shares during the period. Parnassus Investments CA increased its holdings in shares of Walt Disney Company (The) by 0.4% in the 1st quarter. Parnassus Investments CA now owns 5,823,364 shares of the entertainment giant’s stock valued at $638,073,000 after acquiring an additional 20,641 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Walt Disney Company (The) by 5.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,958,719 shares of the entertainment giant’s stock valued at $526,864,000 after acquiring an additional 251,167 shares during the period. 61.06% of the stock is currently owned by institutional investors.

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A number of brokerages have recently commented on DIS. B. Riley reaffirmed a “neutral” rating on shares of Walt Disney Company (The) in a report on Wednesday, November 1st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $103.77 target price (up from $102.68) on shares of Walt Disney Company (The) in a report on Friday. BMO Capital Markets reaffirmed an “underperform” rating and issued a $90.00 target price (down from $95.00) on shares of Walt Disney Company (The) in a report on Thursday, August 10th. Loop Capital reaffirmed a “hold” rating and issued a $108.00 target price on shares of Walt Disney Company (The) in a report on Thursday, August 10th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and issued a $109.00 target price on shares of Walt Disney Company (The) in a report on Thursday, August 10th. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and seventeen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $112.79.

Shares of Walt Disney Company (NYSE DIS) opened at $104.74 on Tuesday. The stock has a market cap of $161,725.94, a P/E ratio of 18.38, a P/E/G ratio of 2.30 and a beta of 1.37. Walt Disney Company has a 1 year low of $96.20 and a 1 year high of $116.10. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42.

Walt Disney Company (The) (NYSE:DIS) last posted its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.05). The business had revenue of $12.78 billion for the quarter, compared to analyst estimates of $13.30 billion. Walt Disney Company (The) had a return on equity of 19.66% and a net margin of 16.29%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the company posted $1.10 EPS. analysts expect that Walt Disney Company will post 6.26 earnings per share for the current year.

Walt Disney Company (The) 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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