Sippican Capital Advisors raised its stake in shares of Walt Disney Company (The) (NYSE:DIS) by 0.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 8,265 shares of the entertainment giant’s stock after buying an additional 10 shares during the period. Sippican Capital Advisors’ holdings in Walt Disney Company (The) were worth $878,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the stock. Asset Management Group Inc. boosted its position in shares of Walt Disney Company (The) by 14.4% in the fourth quarter. Asset Management Group Inc. now owns 26,842 shares of the entertainment giant’s stock valued at $2,797,000 after buying an additional 3,373 shares during the last quarter. A.R.T. Advisors LLC boosted its position in shares of Walt Disney Company (The) by 112.0% in the fourth quarter. A.R.T. Advisors LLC now owns 94,250 shares of the entertainment giant’s stock valued at $9,822,000 after buying an additional 49,800 shares during the last quarter. Arbor Wealth Management LLC boosted its position in shares of Walt Disney Company (The) by 88.6% in the fourth quarter. Arbor Wealth Management LLC now owns 25,137 shares of the entertainment giant’s stock valued at $2,753,000 after buying an additional 11,806 shares during the last quarter. Fred Alger Management Inc. boosted its position in shares of Walt Disney Company (The) by 10.3% in the fourth quarter. Fred Alger Management Inc. now owns 16,095 shares of the entertainment giant’s stock valued at $1,677,000 after buying an additional 1,500 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Walt Disney Company (The) by 4.2% in the fourth quarter. Franklin Resources Inc. now owns 4,799,563 shares of the entertainment giant’s stock valued at $500,216,000 after buying an additional 194,040 shares during the last quarter. 62.35% of the stock is currently owned by institutional investors and hedge funds.
Shares of Walt Disney Company (NYSE:DIS) traded down 1.37% on Friday, reaching $107.62. 4,161,607 shares of the company traded hands. The firm has a market capitalization of $168.41 billion, a P/E ratio of 18.77 and a beta of 1.40. The stock has a 50-day moving average price of $106.01 and a 200 day moving average price of $109.39. Walt Disney Company has a 1-year low of $90.32 and a 1-year high of $116.10.
Walt Disney Company (The) (NYSE:DIS) last posted its earnings results on Tuesday, May 9th. The entertainment giant reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.05. The company had revenue of $13.34 billion during the quarter, compared to analysts’ expectations of $13.44 billion. Walt Disney Company (The) had a net margin of 16.63% and a return on equity of 19.81%. Walt Disney Company (The)’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the company posted $1.36 earnings per share. Analysts anticipate that Walt Disney Company will post $5.90 EPS for the current fiscal year.
The business also recently announced a Semi-Annual dividend, which was paid on Thursday, July 27th. Investors of record on Monday, July 10th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, July 6th. Walt Disney Company (The)’s payout ratio is 27.18%.
TRADEMARK VIOLATION NOTICE: This story was first published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://stocknewstimes.com/2017/08/04/sippican-capital-advisors-acquires-10-shares-of-walt-disney-company-the-nysedis.html.
Several equities analysts recently weighed in on DIS shares. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $107.00 price target on shares of Walt Disney Company (The) in a research report on Thursday, April 6th. FBR & Co raised their price target on shares of Walt Disney Company (The) from $113.00 to $116.00 and gave the company a “mkt perform” rating in a research report on Friday, April 7th. Vetr raised shares of Walt Disney Company (The) from a “hold” rating to a “buy” rating and set a $118.01 price target on the stock in a research report on Monday, April 10th. Goldman Sachs Group, Inc. (The) set a $138.00 price target on shares of Walt Disney Company (The) and gave the company a “buy” rating in a research report on Tuesday, April 11th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $124.00 price target on shares of Walt Disney Company (The) in a research report on Tuesday, April 11th. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seventeen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $115.95.
In related news, Chairman Robert A. Iger sold 797,578 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $105.09, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan E. Arnold sold 12,143 shares of the firm’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $109.02, for a total transaction of $1,323,829.86. Following the transaction, the director now directly owns 48,673 shares of the company’s stock, valued at $5,306,330.46. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.
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.
Receive News & Ratings for Walt Disney Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.
