Ashburton Jersey Ltd Has $1,965,000 Stake in Walt Disney Company (The) (DIS)

Ashburton Jersey Ltd maintained its position in shares of Walt Disney Company (The) (NYSE:DIS) during the first quarter, Holdings Channel reports. The institutional investor owned 17,331 shares of the entertainment giant’s stock at the end of the first quarter. Walt Disney Company (The) comprises approximately 0.9% of Ashburton Jersey Ltd’s holdings, making the stock its 22nd largest position. Ashburton Jersey Ltd’s holdings in Walt Disney Company (The) were worth $1,965,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PagnatoKarp Partners LLC acquired a new position in Walt Disney Company (The) during the fourth quarter worth about $381,000. Advantage Investment Management LLC acquired a new position in Walt Disney Company (The) during the fourth quarter worth about $579,000. Pacific Center for Financial Services acquired a new position in Walt Disney Company (The) during the fourth quarter worth about $488,000. Fortaleza Asset Management Inc. boosted its position in Walt Disney Company (The) by 8.7% in the fourth quarter. Fortaleza Asset Management Inc. now owns 6,695 shares of the entertainment giant’s stock worth $698,000 after buying an additional 535 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in Walt Disney Company (The) by 43.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,353,826 shares of the entertainment giant’s stock worth $141,129,000 after buying an additional 408,350 shares in the last quarter. Hedge funds and other institutional investors own 62.34% of the company’s stock.

Walt Disney Company (NYSE DIS) traded up 0.30% during midday trading on Tuesday, hitting $101.70. The stock had a trading volume of 1,350,455 shares. Walt Disney Company has a 12 month low of $90.32 and a 12 month high of $116.10. The firm’s 50-day moving average price is $105.99 and its 200 day moving average price is $109.21. The company has a market cap of $156.97 billion, a P/E ratio of 18.04 and a beta of 1.40.

Walt Disney Company (The) (NYSE:DIS) last released its earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.05. The company had revenue of $14.24 billion during the quarter, compared to analysts’ expectations of $14.44 billion. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the business posted $1.62 EPS. On average, analysts expect that Walt Disney Company will post $5.89 earnings per share for the current fiscal year.

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, July 27th. Stockholders of record on Monday, July 10th were paid a $0.78 dividend. The ex-dividend date was Thursday, July 6th. Walt Disney Company (The)’s payout ratio is presently 27.56%.

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A number of research firms have issued reports on DIS. Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and issued a $138.00 target price on shares of Walt Disney Company (The) in a research report on Wednesday, April 26th. Loop Capital cut Walt Disney Company (The) from a “buy” rating to a “hold” rating and decreased their target price for the company from $115.00 to $114.44 in a research report on Monday, April 24th. Pivotal Research reiterated a “sell” rating and issued a $85.00 target price on shares of Walt Disney Company (The) in a research report on Sunday, April 23rd. Morgan Stanley lifted their target price on Walt Disney Company (The) from $124.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, April 20th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Walt Disney Company (The) in a research report on Tuesday, April 25th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and seventeen have assigned a buy rating to the stock. Walt Disney Company (The) has an average rating of “Hold” and a consensus target price of $115.19.

In other news, Chairman Robert A. Iger sold 797,578 shares of the firm’s stock in a transaction that occurred 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 owns 1,566,484 shares in the company, valued at approximately $164,621,803.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Maria Elena Lagomasino bought 976 shares of the stock in a transaction dated Thursday, August 10th. The stock was purchased at an average price of $102.34 per share, with a total value of $99,883.84. Following the purchase, the director now owns 7,513 shares in the company, valued at $768,880.42. The disclosure for this purchase can be found here. Company 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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