Wetherby Asset Management Inc. increased its stake in shares of Walt Disney Company (The) (NYSE:DIS) by 2.0% during the first quarter, according to its most recent disclosure with the SEC. The fund 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 holdings, 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 added to or reduced their stakes in the company. HM Capital Management LLC boosted its position in shares of 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 during the last quarter. Fox Run Management L.L.C. purchased a new stake in Walt Disney Company (The) during the first quarter valued at about $1,270,000. Triangle Securities Wealth Management raised its stake in Walt Disney Company (The) by 0.5% in the first quarter. Triangle Securities Wealth Management now owns 28,049 shares of the entertainment giant’s stock valued at $3,180,000 after buying an additional 135 shares during the period. Kentucky Retirement Systems purchased a new stake in Walt Disney Company (The) during the fourth quarter valued at about $11,073,000. Finally, Davidson Kempner Capital Management LP purchased a new stake in Walt Disney Company (The) during the fourth quarter valued at about $20,844,000. Institutional investors own 62.35% of the company’s stock.
Shares of Walt Disney Company (DIS) opened at 109.96 on Monday. Walt Disney Company has a 52 week low of $90.32 and a 52 week high of $116.10. The firm has a 50-day moving average price of $105.78 and a 200 day moving average price of $109.35. The stock has a market cap of $172.07 billion, a price-to-earnings ratio of 19.18 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 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.05. Walt Disney Company (The) had a return on equity of 19.81% and a net margin of 16.63%. The business had revenue of $13.34 billion during the quarter, compared to analysts’ expectations of $13.44 billion. During the same period in the prior year, the business earned $1.36 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, analysts forecast that Walt Disney Company will post $5.91 EPS for the current fiscal year.
The company also recently announced a Semi-Annual dividend, which was paid on Thursday, July 27th. Shareholders of record on Monday, July 10th were issued a $0.78 dividend. The ex-dividend date of this dividend was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio is 27.18%.
DIS has been the topic of several research analyst reports. Bank of America Corporation set a $125.00 price objective on shares of Walt Disney Company (The) and gave the company a “hold” rating in a research report on Saturday, June 24th. Sanford C. Bernstein reissued a “market perform” rating and issued a $107.00 price objective on shares of Walt Disney Company (The) in a research report on Thursday, April 6th. Vetr lowered shares of Walt Disney Company (The) from a “buy” rating to a “hold” rating and set a $117.10 price target on the stock. in a research report on Monday, April 3rd. Guggenheim reaffirmed a “buy” rating and set a $122.00 price target (down from $128.00) on shares of Walt Disney Company (The) in a research report on Wednesday, July 12th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $125.00 price objective on shares of Walt Disney Company (The) in a research note on Tuesday, July 25th. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have given a buy rating to the company. Walt Disney Company (The) has an average rating of “Hold” and an average price target of $115.95.
In other news, Director Susan E. Arnold sold 12,143 shares of the business’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $109.02, for a total value of $1,323,829.86. Following the completion of the transaction, the director now directly owns 48,673 shares of the company’s stock, valued at approximately $5,306,330.46. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Robert A. Iger sold 797,578 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $105.09, for a total value of $83,817,472.02. Following the completion of the transaction, the chairman now directly owns 1,566,484 shares of the company’s stock, valued at $164,621,803.56. The disclosure for this sale can be found here. 13.00% of the stock is currently owned by corporate insiders.
Walt Disney Company (The) Company 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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