Eagle Global Advisors LLC Has $5,010,000 Stake in Walt Disney Company (The) (DIS)

Eagle Global Advisors LLC reduced its stake in Walt Disney Company (The) (NYSE:DIS) by 3.6% during the third quarter, Holdings Channel reports. The fund owned 53,951 shares of the entertainment giant’s stock after selling 2,035 shares during the period. Eagle Global Advisors LLC’s holdings in Walt Disney Company (The) were worth $5,010,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DIS. Lodestar Investment Counsel LLC IL raised its position in shares of Walt Disney Company (The) by 6.0% in the third quarter. Lodestar Investment Counsel LLC IL now owns 237,234 shares of the entertainment giant’s stock worth $22,030,000 after buying an additional 13,439 shares during the period. Robshaw & Julian Associates Inc. raised its position in shares of Walt Disney Company (The) by 5.9% in the third quarter. Robshaw & Julian Associates Inc. now owns 51,530 shares of the entertainment giant’s stock worth $4,785,000 after buying an additional 2,850 shares during the period. Chesley Taft & Associates LLC raised its position in shares of Walt Disney Company (The) by 1.5% in the third quarter. Chesley Taft & Associates LLC now owns 274,117 shares of the entertainment giant’s stock worth $25,454,000 after buying an additional 3,970 shares during the period. HL Financial Services LLC raised its position in shares of Walt Disney Company (The) by 3.5% in the second quarter. HL Financial Services LLC now owns 1,548,371 shares of the entertainment giant’s stock worth $151,463,000 after buying an additional 52,301 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Walt Disney Company (The) by 9.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 581,708 shares of the entertainment giant’s stock worth $56,903,000 after buying an additional 50,299 shares during the period. 58.36% of the stock is owned by institutional investors and hedge funds.

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

Shares of Walt Disney Company (NYSE:DIS) opened at 109.26 on Friday. The stock has a market capitalization of $173.94 billion, a P/E ratio of 19.72 and a beta of 1.25. The firm has a 50 day moving average of $108.08 and a 200-day moving average of $98.79. Walt Disney Company has a 12 month low of $90.32 and a 12 month high of $111.99.

Walt Disney Company (The) (NYSE:DIS) last released its earnings results on Tuesday, February 7th. The entertainment giant reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. Walt Disney Company (The) had a net margin of 16.29% and a return on equity of 19.43%. The firm earned $14.78 billion during the quarter, compared to the consensus estimate of $15.30 billion. During the same period in the previous year, the firm earned $1.63 earnings per share. Walt Disney Company (The)’s revenue was down 3.0% compared to the same quarter last year. Analysts forecast that Walt Disney Company will post $5.93 earnings per share for the current year.

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DIS has been the topic of a number of research reports. Cowen and Company set a $90.00 target price on shares of Walt Disney Company (The) and gave the stock a “hold” rating in a research report on Wednesday, December 7th. Zacks Investment Research lowered shares of Walt Disney Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, October 19th. RBC Capital Markets raised shares of Walt Disney Company (The) from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $101.00 to $130.00 in a report on Thursday, January 5th. Brean Capital reissued a “hold” rating on shares of Walt Disney Company (The) in a report on Thursday, October 27th. Finally, Deutsche Bank AG raised shares of Walt Disney Company (The) from a “hold” rating to a “buy” rating and set a $112.00 price objective on the stock in a report on Sunday, December 4th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty have issued a buy rating to the stock. Walt Disney Company (The) presently has an average rating of “Hold” and a consensus target price of $114.58.

In related news, EVP Brent Woodford sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $110.50, for a total value of $221,000.00. Following the completion of the sale, the executive vice president now directly owns 27,745 shares in the company, valued at $3,065,822.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Alan N. Braverman sold 19,871 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $99.00, for a total transaction of $1,967,229.00. Following the completion of the sale, the executive vice president now owns 135,614 shares of the company’s stock, valued at $13,425,786. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,108 shares of company stock valued at $3,372,163. 0.38% of the stock is owned by 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.

5 Day Chart for NYSE:DIS

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Company (The) (NYSE:DIS).

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