Walt Disney Company (The) (DIS) Shares Sold by Granite Investment Partners LLC

Granite Investment Partners LLC lessened its stake in Walt Disney Company (The) (NYSE:DIS) by 7.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,476 shares of the entertainment giant’s stock after selling 6,950 shares during the quarter. Granite Investment Partners LLC’s holdings in Walt Disney Company (The) were worth $9,507,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Harwood Advisory Group LLC lifted its stake in Walt Disney Company (The) by 0.6% in the second 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 in the last quarter. HM Capital Management LLC lifted its stake in Walt Disney Company (The) by 0.5% in the first quarter. HM Capital Management LLC now owns 2,690 shares of the entertainment giant’s stock valued at $305,000 after buying an additional 14 shares in the last quarter. Barton Investment Management lifted its stake in Walt Disney Company (The) by 0.3% in the first quarter. Barton Investment Management now owns 7,732 shares of the entertainment giant’s stock valued at $876,000 after buying an additional 20 shares in the last quarter. Sonata Capital Group Inc. lifted its position in shares of Walt Disney Company (The) by 0.7% in the second quarter. Sonata Capital Group Inc. now owns 2,732 shares of the entertainment giant’s stock worth $290,000 after purchasing an additional 20 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. lifted its position in shares of Walt Disney Company (The) by 0.3% in the second quarter. Ipswich Investment Management Co. Inc. now owns 8,320 shares of the entertainment giant’s stock worth $884,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 61.37% of the company’s stock.

A number of analysts have recently commented on the stock. Piper Jaffray Companies set a $130.00 price objective on shares of Walt Disney Company (The) and gave the stock a “buy” rating in a research report on Tuesday, October 31st. J P Morgan Chase & Co set a $125.00 price objective on shares of Walt Disney Company (The) and gave the stock a “buy” rating in a research report on Friday. Citigroup Inc. restated a “neutral” rating on shares of Walt Disney Company (The) in a report on Thursday, September 28th. B. Riley restated a “hold” rating and set a $101.00 target price (up from $97.00) on shares of Walt Disney Company (The) in a report on Friday. Finally, Barclays PLC lowered their target price on shares of Walt Disney Company (The) from $98.00 to $94.00 and set an “equal weight” rating on the stock in a report on Friday, October 13th. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Walt Disney Company (The) has an average rating of “Hold” and a consensus target price of $112.76.

Shares of Walt Disney Company (NYSE:DIS) traded up $2.10 on Friday, hitting $104.78. The company had a trading volume of 16,700,100 shares, compared to its average volume of 7,198,479. Walt Disney Company has a 12 month low of $95.78 and a 12 month high of $116.10. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.41. The company has a market cap of $158,484.63, a PE ratio of 18.01, a P/E/G ratio of 2.22 and a beta of 1.37.

Walt Disney Company (The) (NYSE:DIS) last issued its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.05). Walt Disney Company (The) had a return on equity of 19.46% and a net margin of 16.29%. The firm had revenue of $12.78 billion during the quarter, compared to the consensus estimate of $13.30 billion. During the same quarter in the prior year, the business earned $1.10 earnings per share. Walt Disney Company (The)’s revenue for the quarter was down 2.8% on a year-over-year basis. analysts anticipate that Walt Disney Company will post 6.36 earnings per share for the current fiscal 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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