Cobiz Wealth LLC lowered its holdings in Walt Disney Company (The) (NYSE:DIS) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,511 shares of the entertainment giant’s stock after selling 656 shares during the quarter. Cobiz Wealth LLC’s holdings in Walt Disney Company (The) were worth $5,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of DIS. First Command Financial Services Inc. raised its stake in shares of Walt Disney Company (The) by 2.3% in the first quarter. First Command Financial Services Inc. now owns 7,379 shares of the entertainment giant’s stock worth $837,000 after purchasing an additional 165 shares during the last quarter. BLB&B Advisors LLC raised its stake in shares of Walt Disney Company (The) by 0.7% in the first quarter. BLB&B Advisors LLC now owns 35,352 shares of the entertainment giant’s stock worth $4,009,000 after purchasing an additional 243 shares during the last quarter. First National Bank & Trust Co. of Newtown raised its stake in shares of Walt Disney Company (The) by 0.3% in the first quarter. First National Bank & Trust Co. of Newtown now owns 18,802 shares of the entertainment giant’s stock worth $2,132,000 after purchasing an additional 50 shares during the last quarter. Capital City Trust Co. FL raised its stake in shares of Walt Disney Company (The) by 1.7% in the first quarter. Capital City Trust Co. FL now owns 15,329 shares of the entertainment giant’s stock worth $1,738,000 after purchasing an additional 256 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Walt Disney Company (The) in the first quarter worth $1,270,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

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In other news, Director Maria Elena Lagomasino purchased 976 shares of Walt Disney Company (The) stock in a transaction dated Thursday, August 10th. The shares were purchased at an average price of $102.34 per share, with a total value of $99,883.84. Following the transaction, the director now owns 7,513 shares in the company, valued at $768,880.42. The purchase was disclosed in a document filed with the SEC, which is available through this link. 13.00% of the stock is currently owned by insiders.

Walt Disney Company (The) (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.05. The firm had revenue of $14.24 billion for the quarter, compared to analyst estimates of $14.44 billion. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.62 EPS.

DIS has been the subject of several recent analyst reports. Credit Suisse Group restated a “buy” rating and issued a $125.00 price target on shares of Walt Disney Company (The) in a research note on Sunday, May 28th. Moffett Nathanson restated a “buy” rating on shares of Walt Disney Company (The) in a research note on Friday, June 9th. Royal Bank Of Canada set a $130.00 price target on Walt Disney Company (The) and gave the stock a “buy” rating in a research note on Monday, June 12th. Morgan Stanley restated an “overweight” rating and issued a $130.00 price target on shares of Walt Disney Company (The) in a research note on Wednesday, June 21st. Finally, Bank of America Corporation set a $125.00 price target on Walt Disney Company (The) and gave the stock a “hold” rating in a research note on Saturday, June 24th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $113.98.

Walt Disney Company (The) 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.

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

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