The Walt Disney Company (NYSE:DIS) Stake Reduced by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC reduced its stake in shares of The Walt Disney Company (NYSE:DISGet Rating) by 15.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,037 shares of the entertainment giant’s stock after selling 7,255 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in Walt Disney were worth $3,779,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Walt Disney by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 140,466,474 shares of the entertainment giant’s stock worth $19,266,382,000 after buying an additional 2,514,894 shares during the last quarter. State Street Corp grew its stake in shares of Walt Disney by 1.7% in the fourth quarter. State Street Corp now owns 73,140,194 shares of the entertainment giant’s stock worth $11,328,685,000 after purchasing an additional 1,200,863 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Walt Disney by 0.8% in the first quarter. Bank of New York Mellon Corp now owns 21,459,191 shares of the entertainment giant’s stock worth $2,943,347,000 after purchasing an additional 160,841 shares in the last quarter. Norges Bank bought a new position in shares of Walt Disney in the fourth quarter worth $2,290,736,000. Finally, Loomis Sayles & Co. L P grew its stake in shares of Walt Disney by 25.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 13,510,534 shares of the entertainment giant’s stock worth $2,092,646,000 after purchasing an additional 2,707,126 shares in the last quarter. 61.37% of the stock is currently owned by institutional investors.

Walt Disney Stock Down 2.2 %

Shares of Walt Disney stock opened at $102.16 on Friday. The stock has a 50-day moving average price of $110.43 and a 200 day moving average price of $113.15. The company has a market cap of $186.24 billion, a P/E ratio of 59.40, a P/E/G ratio of 1.40 and a beta of 1.20. The company has a current ratio of 1.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The Walt Disney Company has a 1 year low of $90.23 and a 1 year high of $179.63.

Walt Disney (NYSE:DISGet Rating) last announced its quarterly earnings data on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.10. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.01 billion. Walt Disney had a return on equity of 7.20% and a net margin of 3.87%. The business’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 EPS. As a group, analysts expect that The Walt Disney Company will post 3.85 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 3,000 shares of the stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $119.03, for a total value of $357,090.00. Following the completion of the sale, the executive vice president now directly owns 28,624 shares of the company’s stock, valued at approximately $3,407,114.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on DIS shares. Rosenblatt Securities increased their price target on Walt Disney from $124.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. Royal Bank of Canada set a $150.00 price target on Walt Disney in a research note on Wednesday, August 10th. Wolfe Research decreased their price target on Walt Disney from $211.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, June 2nd. Evercore ISI decreased their price target on Walt Disney from $150.00 to $130.00 in a research note on Wednesday, July 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Walt Disney from $191.00 to $130.00 in a research note on Monday, June 6th. Five analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.48.

Walt Disney Company Profile

(Get Rating)

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

Read More

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

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

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.