The Select Asset Management & Trust Holds Position in The Walt Disney Co. (DIS)

The Select Asset Management & Trust Holds Position in The Walt Disney Co. (DIS)

Select Asset Management & Trust continued to hold its stake in shares of The Walt Disney Co. (NYSE:DIS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,241 shares of the entertainment giant’s stock at the end of the second quarter. Select Asset Management & Trust’s holdings in The Walt Disney were worth $219,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in DIS. Armbruster Capital Management Inc. raised its stake in The Walt Disney by 0.4% in the second quarter. Armbruster Capital Management Inc. now owns 2,550 shares of the entertainment giant’s stock worth $249,000 after buying an additional 10 shares during the last quarter. Allegis Investment Advisors LLC raised its stake in The Walt Disney by 0.6% in the first quarter. Allegis Investment Advisors LLC now owns 2,281 shares of the entertainment giant’s stock worth $227,000 after buying an additional 13 shares during the last quarter. Home Federal Bank of Tennessee raised its stake in The Walt Disney by 0.8% in the second quarter. Home Federal Bank of Tennessee now owns 2,077 shares of the entertainment giant’s stock worth $203,000 after buying an additional 16 shares during the last quarter. Signaturefd LLC raised its stake in The Walt Disney by 0.3% in the second quarter. Signaturefd LLC now owns 6,619 shares of the entertainment giant’s stock worth $647,000 after buying an additional 19 shares during the last quarter. Finally, Hengehold Capital Management LLC raised its stake in The Walt Disney by 0.9% in the second quarter. Hengehold Capital Management LLC now owns 2,307 shares of the entertainment giant’s stock worth $226,000 after buying an additional 20 shares during the last quarter. 57.92% of the stock is currently owned by institutional investors.

Shares of The Walt Disney Co. (NYSE:DIS) traded down 0.37% on Friday, reaching $92.49. 6,144,089 shares of the company’s stock were exchanged. The Walt Disney Co. has a one year low of $86.25 and a one year high of $120.65. The company has a 50 day moving average price of $93.53 and a 200 day moving average price of $97.70. The firm has a market cap of $148.64 billion, a PE ratio of 16.62 and a beta of 1.25.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.01. The company earned $14.20 billion during the quarter, compared to the consensus estimate of $14.16 billion. The Walt Disney had a return on equity of 19.98% and a net margin of 16.48%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 EPS. Analysts expect that The Walt Disney Co. will post $5.78 EPS for the current fiscal year.

A number of research analysts have recently issued reports on the stock. Morgan Stanley restated a “hold” rating on shares of The Walt Disney in a research report on Sunday, July 17th. Royal Bank Of Canada restated a “hold” rating on shares of The Walt Disney in a research report on Monday, June 27th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $118.00 price target on shares of The Walt Disney in a research report on Saturday, August 13th. Sanford C. Bernstein restated a “market perform” rating on shares of The Walt Disney in a research report on Friday, June 17th. Finally, Vetr downgraded shares of The Walt Disney from a “buy” rating to a “hold” rating and set a $101.25 price target on the stock. in a research report on Thursday, July 7th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $109.71.

About The Walt Disney

The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.

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