Sumitomo Mitsui Trust Holdings Inc. increased its stake in Walt Disney Company (The) (NYSE:DIS) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,441,017 shares of the entertainment giant’s stock after buying an additional 18,753 shares during the period. Walt Disney Company (The) comprises approximately 0.8% of Sumitomo Mitsui Trust Holdings Inc.’s portfolio, making the stock its 26th largest position. Sumitomo Mitsui Trust Holdings Inc. owned 0.28% of Walt Disney Company (The) worth $503,567,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. Jafra Capital Management LP acquired a new position in shares of Walt Disney Company (The) during the fourth quarter worth $2,606,000. Bristol Advisors LLC acquired a new position in shares of Walt Disney Company (The) during the fourth quarter worth $2,178,000. InterOcean Capital LLC raised its position in shares of Walt Disney Company (The) by 14.5% in the fourth quarter. InterOcean Capital LLC now owns 108,749 shares of the entertainment giant’s stock worth $11,334,000 after buying an additional 13,786 shares during the period. American Trust Investment Advisors LLC raised its position in shares of Walt Disney Company (The) by 0.4% in the fourth quarter. American Trust Investment Advisors LLC now owns 10,791 shares of the entertainment giant’s stock worth $1,125,000 after buying an additional 44 shares during the period. Finally, Tyers Asset Management LLC acquired a new position in shares of Walt Disney Company (The) during the fourth quarter worth $33,352,000. 62.34% of the stock is owned by institutional investors and hedge funds.
Shares of Walt Disney Company (DIS) traded down 0.191% on Thursday, reaching $102.005. The company had a trading volume of 1,277,451 shares. The company’s 50-day moving average price is $105.79 and its 200 day moving average price is $109.11. Walt Disney Company has a 52 week low of $90.32 and a 52 week high of $116.10. The firm has a market capitalization of $157.44 billion, a P/E ratio of 18.092 and a beta of 1.40.
Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates 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% on a year-over-year basis. During the same period last year, the firm earned $1.62 EPS. On average, analysts expect that Walt Disney Company will post $5.89 EPS for the current year.
The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, July 27th. Stockholders of record on Monday, July 10th were paid a dividend of $0.78 per share. The ex-dividend date was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio (DPR) is 27.56%.
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DIS has been the subject of a number of recent analyst reports. Morgan Stanley boosted their target price on Walt Disney Company (The) from $124.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, April 20th. Pivotal Research reaffirmed a “sell” rating and set a $85.00 price target on shares of Walt Disney Company (The) in a research report on Sunday, April 23rd. Loop Capital lowered shares of Walt Disney Company (The) from a “buy” rating to a “hold” rating and reduced their price target for the company from $115.00 to $114.44 in a research report on Monday, April 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of Walt Disney Company (The) in a research report on Tuesday, April 25th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and set a $138.00 price target on shares of Walt Disney Company (The) in a research report on Wednesday, April 26th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $115.16.
In other Walt Disney Company (The) news, Director Maria Elena Lagomasino bought 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 owns 7,513 shares in the company, valued at approximately $768,880.42. The transaction was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $105.09, for a total value of $83,817,472.02. Following the transaction, the chairman now directly owns 1,566,484 shares of the company’s stock, valued at $164,621,803.56. The disclosure for this sale can be found here. Corporate insiders own 0.38% 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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