Cypress Asset Management Inc. TX Trims Stake in Walt Disney Company (The) (NYSE:DIS)

Cypress Asset Management Inc. TX trimmed its position in shares of Walt Disney Company (The) (NYSE:DIS) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,558 shares of the entertainment giant’s stock after selling 1,000 shares during the quarter. Cypress Asset Management Inc. TX’s holdings in Walt Disney Company (The) were worth $5,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. HM Capital Management LLC raised its stake in shares of Walt Disney Company (The) by 0.5% in the 1st quarter. HM Capital Management LLC now owns 2,690 shares of the entertainment giant’s stock valued at $305,000 after acquiring an additional 14 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of Walt Disney Company (The) in the 1st quarter valued at approximately $1,270,000. State Treasurer State of Michigan raised its stake in shares of Walt Disney Company (The) by 73.3% in the 1st quarter. State Treasurer State of Michigan now owns 1,355,053 shares of the entertainment giant’s stock valued at $153,649,000 after acquiring an additional 573,000 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Walt Disney Company (The) by 1.4% in the 1st quarter. Mutual of America Capital Management LLC now owns 175,248 shares of the entertainment giant’s stock valued at $19,871,000 after acquiring an additional 2,351 shares in the last quarter. Finally, Clearbridge Investments LLC raised its stake 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 in the last quarter. Institutional investors and hedge funds own 61.48% of the company’s stock.

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In other Walt Disney Company (The) news, Director Maria Elena Lagomasino bought 976 shares of the firm’s 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 completion of the purchase, the director now owns 7,513 shares of the company’s stock, valued at $768,880.42. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 13.00% of the stock is currently owned by company insiders.

Walt Disney Company (NYSE DIS) traded up 0.95% on Wednesday, hitting $98.82. The stock had a trading volume of 7,606,549 shares. The stock has a market capitalization of $152.53 billion, a price-to-earnings ratio of 17.53 and a beta of 1.42. The company has a 50-day moving average price of $103.38 and a 200-day moving average price of $107.89. Walt Disney Company has a 52 week low of $90.32 and a 52 week high of $116.10.

Walt Disney Company (The) (NYSE:DIS) last announced 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. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The business had revenue of $14.24 billion during the quarter, compared to the consensus estimate of $14.44 billion. During the same quarter last year, the firm earned $1.62 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis. Equities research analysts anticipate that Walt Disney Company will post $5.82 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on the company. 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, thirteen have issued a hold rating and twenty-one have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $113.98.

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.

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

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