Conning Inc. Has $4.93 Million Position in Walt Disney Company (The) (DIS)

Conning Inc. trimmed its position in Walt Disney Company (The) (NYSE:DIS) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,416 shares of the entertainment giant’s stock after selling 446 shares during the quarter. Conning Inc.’s holdings in Walt Disney Company (The) were worth $4,932,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in Walt Disney Company (The) by 0.7% during the 1st quarter. State Street Corp now owns 67,739,871 shares of the entertainment giant’s stock valued at $7,681,023,000 after buying an additional 456,053 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of Walt Disney Company (The) by 2.0% during the 1st quarter. Clearbridge Investments LLC now owns 7,623,125 shares of the entertainment giant’s stock valued at $864,386,000 after acquiring an additional 150,316 shares during the last quarter. Parnassus Investments CA boosted its position in shares of Walt Disney Company (The) by 0.4% during the 1st quarter. Parnassus Investments CA now owns 5,823,364 shares of the entertainment giant’s stock valued at $638,073,000 after acquiring an additional 20,641 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Walt Disney Company (The) by 5.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,958,719 shares of the entertainment giant’s stock valued at $526,864,000 after acquiring an additional 251,167 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Walt Disney Company (The) by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,441,017 shares of the entertainment giant’s stock valued at $503,567,000 after acquiring an additional 18,753 shares during the last quarter. 61.41% of the stock is owned by institutional investors.

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Walt Disney Company (The) (NYSE:DIS) last released its earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. The firm had revenue of $14.24 billion during 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 quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.62 EPS.

DIS has been the subject of a number of analyst reports. Zacks Investment Research downgraded Walt Disney Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Bank of America Corporation reiterated a “buy” rating and set a $120.00 target price (down from $125.00) on shares of Walt Disney Company (The) in a research report on Friday, September 8th. FBR & Co reiterated a “hold” rating and set a $97.00 target price on shares of Walt Disney Company (The) in a research report on Friday, September 8th. Guggenheim restated a “buy” rating and set a $122.00 price target (down previously from $128.00) on shares of Walt Disney Company (The) in a research note on Wednesday, July 12th. Finally, UBS AG restated a “buy” rating and set a $126.00 price target on shares of Walt Disney Company (The) in a research note on Tuesday, September 5th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Walt Disney Company (The) presently has an average rating of “Hold” and a consensus target price of $113.40.

In related news, Director Maria Elena Lagomasino acquired 976 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.38% of the company’s stock.

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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