Donaldson Capital Management LLC Lowers Stake in Walt Disney Company (The) (DIS)

Donaldson Capital Management LLC reduced its position in shares of Walt Disney Company (The) (NYSE:DIS) by 83.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 43,950 shares of the entertainment giant’s stock after selling 225,289 shares during the quarter. Donaldson Capital Management LLC’s holdings in Walt Disney Company (The) were worth $4,670,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lee Financial Co boosted its position in shares of Walt Disney Company (The) by 7.6% during the 2nd quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock valued at $112,000 after acquiring an additional 74 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of Walt Disney Company (The) during the 1st quarter valued at approximately $144,000. Weybosset Research & Management LLC boosted its position in shares of Walt Disney Company (The) by 2.6% during the 2nd quarter. Weybosset Research & Management LLC now owns 2,000 shares of the entertainment giant’s stock valued at $213,000 after acquiring an additional 50 shares during the last quarter. Anchor Capital Advisors LLC boosted its position in shares of Walt Disney Company (The) by 1.6% during the 2nd quarter. Anchor Capital Advisors LLC now owns 2,062 shares of the entertainment giant’s stock valued at $219,000 after acquiring an additional 32 shares during the last quarter. Finally, Doyle Wealth Management boosted its position in shares of Walt Disney Company (The) by 3.2% during the 2nd quarter. Doyle Wealth Management now owns 2,069 shares of the entertainment giant’s stock valued at $220,000 after acquiring an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 61.41% of the company’s stock.

In related news, Director Maria Elena Lagomasino acquired 976 shares of Walt Disney Company (The) stock in a transaction on Thursday, August 10th. The shares were bought at an average price of $102.34 per share, for a total transaction of $99,883.84. Following the completion of the purchase, the director now directly owns 7,513 shares in the company, valued at approximately $768,880.42. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.38% of the company’s stock.

A number of analysts recently issued reports on the company. Vetr downgraded Walt Disney Company (The) from a “buy” rating to a “hold” rating and set a $110.54 price target for the company. in a research report on Thursday, July 27th. BidaskClub upgraded Walt Disney Company (The) from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Credit Suisse Group restated an “outperform” rating and issued a $125.00 price target on shares of Walt Disney Company (The) in a research report on Tuesday, July 25th. FBR & Co lowered their price target on Walt Disney Company (The) from $114.00 to $112.00 and set a “market perform” rating for the company in a research report on Wednesday, August 9th. Finally, Piper Jaffray Companies set a $130.00 price target on Walt Disney Company (The) and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Walt Disney Company (The) presently has a consensus rating of “Hold” and an average price target of $113.40.

Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings results 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. 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 the consensus estimate of $14.44 billion. During the same quarter in the previous year, the business earned $1.62 earnings per share. The firm’s quarterly revenue was down .3% compared to the same quarter last year.

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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.

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

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