Walt Disney Co (NYSE:DIS) Stock Holdings Decreased by Lathrop Investment Management Corp

Lathrop Investment Management Corp reduced its position in Walt Disney Co (NYSE:DIS) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,130 shares of the entertainment giant’s stock after selling 3,162 shares during the period. Walt Disney comprises approximately 3.5% of Lathrop Investment Management Corp’s holdings, making the stock its 11th largest position. Lathrop Investment Management Corp’s holdings in Walt Disney were worth $11,612,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Greatmark Investment Partners Inc. grew its position in Walt Disney by 2.6% during the first quarter. Greatmark Investment Partners Inc. now owns 3,645 shares of the entertainment giant’s stock valued at $352,000 after purchasing an additional 93 shares in the last quarter. Diversified Trust Co lifted its stake in Walt Disney by 4.0% in the first quarter. Diversified Trust Co now owns 2,571 shares of the entertainment giant’s stock valued at $248,000 after acquiring an additional 100 shares during the last quarter. Premier Asset Management LLC lifted its stake in Walt Disney by 4.8% in the first quarter. Premier Asset Management LLC now owns 2,165 shares of the entertainment giant’s stock valued at $209,000 after acquiring an additional 100 shares during the last quarter. Ellis Investment Partners LLC lifted its stake in Walt Disney by 1.9% in the second quarter. Ellis Investment Partners LLC now owns 5,290 shares of the entertainment giant’s stock valued at $597,000 after acquiring an additional 100 shares during the last quarter. Finally, Winning Points Advisors LLC lifted its stake in Walt Disney by 2.6% in the first quarter. Winning Points Advisors LLC now owns 3,967 shares of the entertainment giant’s stock valued at $383,000 after acquiring an additional 101 shares during the last quarter. 62.66% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have issued reports on DIS. Macquarie reiterated a “buy” rating and issued a $140.00 target price on shares of Walt Disney in a research note on Friday, June 19th. BMO Capital Markets reduced their target price on shares of Walt Disney from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Cowen cut shares of Walt Disney from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $101.00 to $97.00 in a research note on Thursday, July 16th. Sanford C. Bernstein reduced their price objective on shares of Walt Disney from $100.00 to $96.00 and set a “market perform” rating for the company in a research note on Wednesday, May 6th. Finally, Guggenheim boosted their price objective on shares of Walt Disney from $115.00 to $123.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have issued a buy rating to the stock. Walt Disney has an average rating of “Hold” and a consensus target price of $125.35.

Walt Disney stock traded up $1.28 on Friday, hitting $116.94. The company’s stock had a trading volume of 9,623,821 shares, compared to its average volume of 10,175,387. The firm has a market cap of $211.22 billion, a P/E ratio of 39.51, a price-to-earnings-growth ratio of 13.50 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 0.45. The company has a fifty day moving average price of $115.68 and a 200-day moving average price of $117.27. Walt Disney Co has a one year low of $79.07 and a one year high of $153.41.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.23). The business had revenue of $18.01 billion during the quarter, compared to the consensus estimate of $17.49 billion. Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period last year, the firm earned $1.61 EPS. Analysts anticipate that Walt Disney Co will post 1.38 EPS for the current year.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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

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