Wetherby Asset Management Inc. increased its position in shares of Walt Disney Company (The) (NYSE:DIS) by 2.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,664 shares of the entertainment giant’s stock after buying an additional 1,171 shares during the period. Walt Disney Company (The) makes up 1.2% of Wetherby Asset Management Inc.’s investment portfolio, making the stock its 8th largest position. Wetherby Asset Management Inc.’s holdings in Walt Disney Company (The) were worth $6,879,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of Walt Disney Company (The) during the fourth quarter worth approximately $110,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of Walt Disney Company (The) by 7,240.3% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 128,089 shares of the entertainment giant’s stock worth $128,000 after buying an additional 126,344 shares during the period. Feltz Wealth PLAN Inc. bought a new position in shares of Walt Disney Company (The) during the first quarter worth approximately $173,000. Cordasco Financial Network raised its position in shares of Walt Disney Company (The) by 2.4% in the first quarter. Cordasco Financial Network now owns 1,549 shares of the entertainment giant’s stock worth $176,000 after buying an additional 37 shares during the period. Finally, Paragon Capital Management Ltd bought a new position in shares of Walt Disney Company (The) during the first quarter worth approximately $200,000. Institutional investors and hedge funds own 62.54% of the company’s stock.
Shares of Walt Disney Company (DIS) opened at 107.36 on Friday. Walt Disney Company has a 52-week low of $90.32 and a 52-week high of $116.10. The stock’s 50 day moving average is $105.50 and its 200 day moving average is $109.35. The firm has a market capitalization of $168.01 billion, a PE ratio of 18.72 and a beta of 1.39.
Walt Disney Company (The) (NYSE:DIS) last issued its earnings results on Tuesday, May 9th. The entertainment giant reported $1.50 EPS for the quarter, topping the consensus estimate of $1.45 by $0.05. Walt Disney Company (The) had a net margin of 16.63% and a return on equity of 19.81%. The company had revenue of $13.34 billion for the quarter, compared to the consensus estimate of $13.44 billion. During the same period in the previous year, the firm earned $1.36 earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts forecast that Walt Disney Company will post $5.92 EPS for the current year.
The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, July 27th. Investors of record on Monday, July 10th will be paid a $0.78 dividend. The ex-dividend date is Thursday, July 6th. Walt Disney Company (The)’s payout ratio is 27.18%.
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A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Walt Disney Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Macquarie reissued a “neutral” rating on shares of Walt Disney Company (The) in a report on Wednesday, May 10th. FBR & Co boosted their price objective on shares of Walt Disney Company (The) from $113.00 to $116.00 and gave the company a “mkt perform” rating in a report on Friday, April 7th. Morgan Stanley reissued an “overweight” rating and issued a $130.00 price objective on shares of Walt Disney Company (The) in a report on Wednesday, June 21st. Finally, Guggenheim reissued a “buy” rating and issued a $128.00 price objective on shares of Walt Disney Company (The) in a report on Tuesday, April 11th. Seven research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seventeen have given a buy rating to the stock. Walt Disney Company (The) currently has an average rating of “Hold” and an average target price of $116.17.
In related news, Chairman Robert A. Iger sold 797,578 shares of Walt Disney Company (The) stock in a transaction on Friday, June 9th. The shares were sold at an average price of $105.09, for a total value of $83,817,472.02. Following the transaction, the chairman now directly owns 1,566,484 shares of the company’s stock, valued at $164,621,803.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan E. Arnold sold 12,143 shares of Walt Disney Company (The) stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $109.02, for a total transaction of $1,323,829.86. Following the completion of the transaction, the director now directly owns 48,673 shares in the company, valued at $5,306,330.46. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.
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.
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