Camarda Financial Advisors LLC cut its position in shares of Walt Disney Company (The) (NYSE:DIS) by 53.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,372 shares of the entertainment giant’s stock after selling 7,335 shares during the period. Camarda Financial Advisors LLC’s holdings in Walt Disney Company (The) were worth $723,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Davidson Kempner Capital Management LP purchased a new position in Walt Disney Company (The) during the fourth quarter worth approximately $20,844,000. Glassman Wealth Services increased its position in Walt Disney Company (The) by 10.0% in the fourth quarter. Glassman Wealth Services now owns 6,353 shares of the entertainment giant’s stock worth $662,000 after buying an additional 579 shares in the last quarter. Moloney Securities Asset Management LLC bought a new stake in shares of Walt Disney Company (The) during the fourth quarter worth $1,634,000. Intellectus Partners LLC bought a new stake in shares of Walt Disney Company (The) during the fourth quarter worth $252,000. Finally, First Republic Investment Management Inc. boosted its stake in shares of Walt Disney Company (The) by 0.6% in the fourth quarter. First Republic Investment Management Inc. now owns 815,378 shares of the entertainment giant’s stock worth $84,979,000 after buying an additional 4,859 shares during the last quarter. 62.42% of the stock is currently owned by institutional investors.
Walt Disney Company (NYSE:DIS) opened at 101.99 on Friday. The firm has a market capitalization of $157.42 billion, a P/E ratio of 18.09 and a beta of 1.40. The stock has a 50 day moving average price of $106.08 and a 200 day moving average price of $109.24. 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 issued its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.05. The firm had revenue of $14.24 billion for the quarter, compared to analyst estimates of $14.44 billion. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.62 EPS. On average, equities analysts predict that Walt Disney Company will post $5.90 EPS for the current fiscal year.
The business also recently declared a Semi-Annual dividend, which was paid on Thursday, July 27th. Stockholders 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 payout ratio is 27.56%.
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A number of brokerages have recently weighed in on DIS. Bank of America Corporation set a $125.00 target price on Walt Disney Company (The) and gave the company a “hold” rating in a research report on Saturday, June 24th. BMO Capital Markets restated an “underperform” rating and issued a $90.00 target price (down from $95.00) on shares of Walt Disney Company (The) in a research report on Thursday. Zacks Investment Research upgraded Walt Disney Company (The) from a “sell” rating to a “hold” rating in a research report on Friday. Guggenheim reiterated 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 target on shares of Walt Disney Company (The) in a research report on Tuesday, July 25th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating and seventeen have issued a buy rating to the company. Walt Disney Company (The) currently has a consensus rating of “Hold” and an average price target of $115.19.
In other news, Chairman Robert A. Iger sold 797,578 shares of 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 of the company’s stock, valued at approximately $164,621,803.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Maria Elena Lagomasino acquired 976 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was acquired at an average cost of $102.34 per share, with a total value of $99,883.84. Following the purchase, the director now directly owns 7,513 shares in the company, valued at approximately $768,880.42. The disclosure for this purchase 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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