Barton Investment Management cut its holdings in shares of Walt Disney Company (The) (NYSE:DIS) by 5.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,307 shares of the entertainment giant’s stock after selling 425 shares during the period. Walt Disney Company (The) comprises approximately 0.2% of Barton Investment Management’s holdings, making the stock its 22nd largest holding. Barton Investment Management’s holdings in Walt Disney Company (The) were worth $776,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Sumitomo Mitsui Financial Group Inc. bought a new position in Walt Disney Company (The) in the 1st quarter valued at $144,000. Feltz Wealth PLAN Inc. bought a new position in Walt Disney Company (The) in the 1st quarter valued at $173,000. Paragon Capital Management Ltd bought a new position in Walt Disney Company (The) in the 1st quarter valued at $200,000. Evanson Asset Management LLC boosted its position in Walt Disney Company (The) by 5.3% in the 2nd quarter. Evanson Asset Management LLC now owns 2,070 shares of the entertainment giant’s stock valued at $220,000 after buying an additional 104 shares during the last quarter. Finally, Harwood Advisory Group LLC boosted its position in Walt Disney Company (The) by 0.6% in the 2nd quarter. Harwood Advisory Group LLC now owns 2,071 shares of the entertainment giant’s stock valued at $220,000 after buying an additional 12 shares during the last quarter. Institutional investors and hedge funds own 61.48% of the company’s stock.

DIS has been the topic of a number of recent research reports. Guggenheim reiterated a “buy” rating and issued a $122.00 price objective on shares of Walt Disney Company (The) in a research report on Tuesday, September 5th. BidaskClub upgraded Walt Disney Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Walt Disney Company (The) in a research report on Tuesday, September 12th. Credit Suisse Group reiterated an “outperform” rating and issued a $120.00 price objective (down from $125.00) on shares of Walt Disney Company (The) in a research report on Wednesday, August 9th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $130.00 price objective on shares of Walt Disney Company (The) in a research report on Friday, July 14th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-one have given a buy rating to the stock. Walt Disney Company (The) has an average rating of “Hold” and a consensus price target of $113.98.

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

Walt Disney Company (NYSE DIS) traded up 0.63% during trading on Friday, reaching $98.52. The company had a trading volume of 23,870,293 shares. Walt Disney Company has a one year low of $90.32 and a one year high of $116.10. The company has a market capitalization of $152.06 billion, a price-to-earnings ratio of 17.44 and a beta of 1.42. The company has a 50-day moving average price of $102.58 and a 200 day moving average price of $107.67.

Walt Disney Company (The) (NYSE:DIS) last issued its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the firm posted $1.62 EPS. The firm’s quarterly revenue was down .3% compared to the same quarter last year. Analysts expect that Walt Disney Company will post $5.82 earnings per share for the current year.

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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.

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

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