The Walt Disney Company (NYSE:DIS) Stock Position Lowered by Baltimore Washington Financial Advisors Inc.

Baltimore Washington Financial Advisors Inc. lessened its position in The Walt Disney Company (NYSE:DIS) by 1.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 101,631 shares of the entertainment giant’s stock after selling 1,420 shares during the period. The Walt Disney makes up 1.7% of Baltimore Washington Financial Advisors Inc.’s holdings, making the stock its 18th largest position. Baltimore Washington Financial Advisors Inc.’s holdings in The Walt Disney were worth $17,863,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of The Walt Disney by 2.2% during the second quarter. BlackRock Inc. now owns 119,480,524 shares of the entertainment giant’s stock valued at $21,001,090,000 after buying an additional 2,623,659 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of The Walt Disney by 3.1% during the first quarter. Geode Capital Management LLC now owns 27,115,787 shares of the entertainment giant’s stock valued at $4,988,460,000 after buying an additional 823,137 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of The Walt Disney by 8.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 21,179,052 shares of the entertainment giant’s stock valued at $3,907,959,000 after buying an additional 1,685,039 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of The Walt Disney by 3.7% during the second quarter. Fisher Asset Management LLC now owns 10,725,272 shares of the entertainment giant’s stock valued at $1,885,181,000 after buying an additional 381,103 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings in shares of The Walt Disney by 3.5% during the first quarter. UBS Asset Management Americas Inc. now owns 9,613,857 shares of the entertainment giant’s stock valued at $1,773,949,000 after buying an additional 323,467 shares in the last quarter. Institutional investors and hedge funds own 64.10% of the company’s stock.

DIS has been the topic of a number of recent research reports. Daiwa Capital Markets initiated coverage on The Walt Disney in a research note on Tuesday, September 21st. They issued a “buy” rating and a $225.00 target price on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on The Walt Disney from $213.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, August 27th. The Goldman Sachs Group boosted their target price on The Walt Disney from $215.00 to $218.00 and gave the company a “buy” rating in a research note on Friday, August 13th. UBS Group boosted their price target on The Walt Disney from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, August 13th. Finally, Zacks Investment Research cut The Walt Disney from a “buy” rating to a “hold” rating and set a $185.00 price target for the company. in a research report on Wednesday, August 18th. Four investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, The Walt Disney has an average rating of “Buy” and an average target price of $209.19.

DIS stock opened at $176.24 on Monday. The firm has a market cap of $320.25 billion, a P/E ratio of 288.52, a P/E/G ratio of 3.50 and a beta of 1.19. The Walt Disney Company has a 1-year low of $117.23 and a 1-year high of $203.02. The business’s 50 day moving average is $178.57 and its 200-day moving average is $180.47. The company has a current ratio of 1.24, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56.

The Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, August 12th. The entertainment giant reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.23. The business had revenue of $17.02 billion for the quarter, compared to analyst estimates of $16.82 billion. The Walt Disney had a return on equity of 3.78% and a net margin of 1.77%. During the same period in the prior year, the company earned $0.08 EPS. Sell-side analysts forecast that The Walt Disney Company will post 2.45 EPS for the current year.

In related news, CEO Robert A. Chapek sold 10,587 shares of the firm’s stock in a transaction on Tuesday, August 31st. The stock was sold at an average price of $182.00, for a total transaction of $1,926,834.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction on Friday, August 13th. The stock was sold at an average price of $186.57, for a total value of $1,492,560.00. Following the sale, the executive vice president now directly owns 42,620 shares in the company, valued at approximately $7,951,613.40. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.

The Walt Disney Profile

The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Media Networks, Parks, Experiences and Products, Studio Entertainment and Direct-to-Consumer and International (DTCI). The Media Networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, radio networks and stations.

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

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