Morningstar Investment Services LLC grew its stake in Walt Disney Co (NYSE:DIS) by 160.5% in the second quarter, HoldingsChannel reports. The fund owned 139,069 shares of the entertainment giant’s stock after acquiring an additional 85,681 shares during the period. Morningstar Investment Services LLC’s holdings in Walt Disney were worth $19,420,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Centerpoint Advisors LLC boosted its stake in shares of Walt Disney by 276.5% in the 2nd quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 141 shares during the last quarter. SRS Capital Advisors Inc. bought a new stake in shares of Walt Disney during the second quarter worth approximately $39,000. Portfolio Solutions LLC bought a new stake in shares of Walt Disney during the fourth quarter worth approximately $43,000. Riverview Trust Co bought a new stake in shares of Walt Disney during the fourth quarter worth approximately $48,000. Finally, MRA Associates USA LLC acquired a new position in Walt Disney in the second quarter valued at approximately $53,000. 68.75% of the stock is owned by institutional investors.

A number of equities analysts have issued reports on DIS shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Walt Disney in a research note on Wednesday, August 7th. Imperial Capital dropped their target price on shares of Walt Disney from $147.00 to $140.00 and set an “in-line” rating for the company in a research report on Tuesday, August 20th. Credit Suisse Group reiterated a “buy” rating and set a $150.00 target price on shares of Walt Disney in a research report on Thursday, August 8th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $150.00 price target on shares of Walt Disney in a research note on Wednesday, August 7th. Finally, Tigress Financial restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $148.22.

In other Walt Disney news, EVP Alan N. Braverman sold 94,462 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $141.18, for a total transaction of $13,336,145.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Brent Woodford sold 2,200 shares of Walt Disney stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $146.68, for a total transaction of $322,696.00. Following the completion of the transaction, the executive vice president now directly owns 34,679 shares in the company, valued at approximately $5,086,715.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 154,423 shares of company stock worth $21,761,755. Corporate insiders own 0.36% of the company’s stock.

Shares of NYSE DIS traded down $0.15 during midday trading on Wednesday, reaching $135.64. 547,844 shares of the stock were exchanged, compared to its average volume of 6,751,570. Walt Disney Co has a 12 month low of $100.35 and a 12 month high of $147.15. The company has a market capitalization of $250.09 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 4.59 and a beta of 0.97. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.70 and a quick ratio of 0.67. The business has a 50-day simple moving average of $138.24 and a two-hundred day simple moving average of $131.53.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, August 6th. The entertainment giant reported $1.35 EPS for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.41). The firm had revenue of $20.25 billion during the quarter, compared to the consensus estimate of $21.40 billion. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. Walt Disney’s quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.87 EPS. Equities research analysts expect that Walt Disney Co will post 6 earnings per share for the current fiscal 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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