Grimes & Company Inc. lowered its stake in Walt Disney Co (NYSE:DIS) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,681 shares of the entertainment giant’s stock after selling 1,755 shares during the period. Grimes & Company Inc.’s holdings in Walt Disney were worth $8,037,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Great West Life Assurance Co. Can raised its holdings in shares of Walt Disney by 7.1% during the second quarter. Great West Life Assurance Co. Can now owns 1,393,124 shares of the entertainment giant’s stock worth $146,203,000 after purchasing an additional 92,705 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Walt Disney by 22.2% during the second quarter. Dimensional Fund Advisors LP now owns 6,228,738 shares of the entertainment giant’s stock worth $652,841,000 after purchasing an additional 1,129,743 shares during the last quarter. Marco Investment Management LLC raised its holdings in shares of Walt Disney by 3.4% during the second quarter. Marco Investment Management LLC now owns 48,777 shares of the entertainment giant’s stock worth $5,112,000 after purchasing an additional 1,615 shares during the last quarter. British Airways Pensions Investment Management Ltd raised its holdings in shares of Walt Disney by 0.8% during the second quarter. British Airways Pensions Investment Management Ltd now owns 100,073 shares of the entertainment giant’s stock worth $10,489,000 after purchasing an additional 813 shares during the last quarter. Finally, Institute for Wealth Management LLC. raised its holdings in shares of Walt Disney by 5.2% during the second quarter. Institute for Wealth Management LLC. now owns 20,162 shares of the entertainment giant’s stock worth $2,100,000 after purchasing an additional 995 shares during the last quarter. 63.04% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Mary Jayne Parker sold 130,074 shares of Walt Disney stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $114.99, for a total value of $14,957,209.26. Following the sale, the executive vice president now owns 43,048 shares in the company, valued at $4,950,089.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Brent Woodford sold 843 shares of Walt Disney stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $113.56, for a total transaction of $95,731.08. Following the completion of the sale, the executive vice president now owns 27,650 shares in the company, valued at approximately $3,139,934. The disclosure for this sale can be found here. In the last quarter, insiders sold 599,701 shares of company stock worth $69,049,384. Company insiders own 0.38% of the company’s stock.

Several brokerages recently issued reports on DIS. Imperial Capital began coverage on shares of Walt Disney in a report on Thursday, June 28th. They set an “in-line” rating and a $108.00 target price for the company. Zacks Investment Research cut shares of Walt Disney from a “buy” rating to a “hold” rating in a report on Saturday, July 14th. ValuEngine raised shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Friday, June 15th. Pivotal Research lowered shares of Walt Disney from a “hold” rating to a “sell” rating and set a $93.00 price target on the stock. in a research report on Monday, June 18th. Finally, Bank of America initiated coverage on shares of Walt Disney in a research report on Friday, July 20th. They set a “buy” rating and a $144.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. Walt Disney presently has an average rating of “Buy” and an average target price of $119.54.

DIS stock opened at $112.61 on Friday. The firm has a market cap of $173.92 billion, a P/E ratio of 19.76, a PEG ratio of 1.55 and a beta of 1.29. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35. Walt Disney Co has a one year low of $96.80 and a one year high of $118.10.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.97 by ($0.10). Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. The company had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.49 billion. During the same quarter last year, the business earned $1.58 EPS. Research analysts predict that Walt Disney Co will post 6.92 earnings per share for the current year.

Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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

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