P.R. Herzig & Co. Inc. cut its stake in shares of Walt Disney Company (The) (NYSE:DIS) by 17.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,920 shares of the entertainment giant’s stock after selling 1,030 shares during the period. P.R. Herzig & Co. Inc.’s holdings in Walt Disney Company (The) were worth $523,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in Walt Disney Company (The) during the fourth quarter valued at about $1,507,183,000. Viking Global Investors LP purchased a new position in shares of Walt Disney Company (The) during the fourth quarter worth $250,510,000. Acadian Asset Management LLC boosted its position in shares of Walt Disney Company (The) by 88.8% in the first quarter. Acadian Asset Management LLC now owns 3,345,124 shares of the entertainment giant’s stock worth $379,305,000 after buying an additional 1,573,215 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Walt Disney Company (The) by 33.5% in the fourth quarter. Teachers Advisors LLC now owns 3,553,068 shares of the entertainment giant’s stock worth $370,301,000 after buying an additional 892,390 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in shares of Walt Disney Company (The) by 8,245.5% in the first quarter. Canada Pension Plan Investment Board now owns 670,726 shares of the entertainment giant’s stock worth $76,054,000 after buying an additional 662,689 shares in the last quarter. 62.42% of the stock is owned by hedge funds and other institutional investors.
Walt Disney Company (DIS) opened at 107.69 on Monday. The firm’s 50-day moving average is $106.01 and its 200 day moving average is $109.39. The firm has a market capitalization of $168.52 billion, a P/E ratio of 18.78 and a beta of 1.40. Walt Disney Company has a 12 month low of $90.32 and a 12 month high of $116.10.
Walt Disney Company (The) (NYSE:DIS) last announced its quarterly earnings results on Tuesday, May 9th. The entertainment giant reported $1.50 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $13.34 billion during the quarter, compared to the consensus estimate of $13.44 billion. During the same period last year, the firm earned $1.36 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, analysts expect that Walt Disney Company will post $5.90 EPS for the current fiscal year.
The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, July 27th. Stockholders of record on Monday, July 10th were issued a dividend of $0.78 per share. The ex-dividend date was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio is currently 27.18%.
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Several equities analysts have recently weighed in on DIS shares. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $134.00 price objective on shares of Walt Disney Company (The) in a research note on Wednesday, May 10th. Vetr raised 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. Guggenheim reissued a “buy” rating and set a $128.00 price target on shares of Walt Disney Company (The) in a research report on Tuesday, April 11th. Piper Jaffray Companies set a $130.00 price objective on Walt Disney Company (The) and gave the stock a “buy” rating in a report on Wednesday, May 10th. Finally, Deutsche Bank AG restated a “buy” rating and set a $125.00 price objective (down from $130.00) on shares of Walt Disney Company (The) in a report on Monday, May 15th. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seventeen have given a buy rating to the stock. Walt Disney Company (The) presently has a consensus rating of “Hold” and an average price target of $115.95.
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 owns 1,566,484 shares in the company, valued at approximately $164,621,803.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 owns 48,673 shares in the company, valued at approximately $5,306,330.46. The disclosure for this sale can be found here. Insiders own 13.00% of the company’s stock.
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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