CrestPoint Capital Management LLC continued to hold its stake in shares of Walt Disney Company (The) (NYSE:DIS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,600 shares of the entertainment giant’s stock at the end of the second quarter. CrestPoint Capital Management LLC’s holdings in Walt Disney Company (The) were worth $807,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Walt Disney Company (The) during the fourth quarter valued at about $110,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake 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 valued at $128,000 after buying an additional 126,344 shares during the period. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Walt Disney Company (The) during the first quarter valued at about $144,000. Feltz Wealth PLAN Inc. bought a new stake in shares of Walt Disney Company (The) during the first quarter valued at about $173,000. Finally, Cordasco Financial Network boosted its stake 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 valued at $176,000 after buying an additional 37 shares during the period. 62.35% of the stock is currently owned by institutional investors and hedge funds.
Walt Disney Company (DIS) opened at 107.69 on Friday. The stock’s 50 day moving average price is $106.01 and its 200 day moving average price is $109.39. The firm has a market capitalization of $168.52 billion, a PE ratio of 18.78 and a beta of 1.40. Walt Disney Company has a one year low of $90.32 and a one year high of $116.10.
Walt Disney Company (The) (NYSE:DIS) last released its quarterly earnings results on Tuesday, May 9th. The entertainment giant reported $1.50 EPS for the quarter, beating the consensus estimate of $1.45 by $0.05. The business had revenue of $13.34 billion for the quarter, compared to analyst estimates of $13.44 billion. Walt Disney Company (The) had a net margin of 16.63% and a return on equity of 19.81%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.36 earnings per share. Analysts expect that Walt Disney Company will post $5.90 EPS for the current year.
The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, July 27th. Stockholders of record on Monday, July 10th were given a $0.78 dividend. The ex-dividend date of this dividend was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio is presently 27.18%.
A number of analysts have recently weighed in on the company. Zacks Investment Research cut Walt Disney Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Macquarie reissued a “neutral” rating on shares of Walt Disney Company (The) in a research report on Wednesday, May 10th. Morgan Stanley reissued an “overweight” rating and issued a $130.00 price objective on shares of Walt Disney Company (The) in a research report on Wednesday, June 21st. Guggenheim restated a “buy” rating and issued a $128.00 target price on shares of Walt Disney Company (The) in a research note on Tuesday, April 11th. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $111.00 target price on shares of Walt Disney Company (The) in a research note on Wednesday, May 10th. Six investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $115.95.
In other news, Director Susan E. Arnold sold 12,143 shares of the stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $109.02, for a total value of $1,323,829.86. Following the sale, the director now directly owns 48,673 shares in the company, valued at $5,306,330.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Robert A. Iger sold 797,578 shares of the stock in a transaction that occurred 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 sale, the chairman now owns 1,566,484 shares in the company, valued at $164,621,803.56. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate 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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