Walt Disney Company (The) (NYSE:DIS) Position Maintained by Spirit of America Management Corp NY

Spirit of America Management Corp NY continued to hold its position in shares of Walt Disney Company (The) (NYSE:DIS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,000 shares of the entertainment giant’s stock at the end of the second quarter. Spirit of America Management Corp NY’s holdings in Walt Disney Company (The) were worth $1,806,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Thomas J. Herzfeld Advisors Inc. purchased a new stake in Walt Disney Company (The) during the fourth quarter valued at about $110,000. Sumitomo Mitsui Financial Group Inc. purchased a new stake in Walt Disney Company (The) during the first quarter valued at about $144,000. Feltz Wealth PLAN Inc. purchased a new stake in Walt Disney Company (The) during the first quarter valued at about $173,000. Cordasco Financial Network raised its stake in 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 in the last quarter. Finally, Paradigm Financial Advisors LLC purchased a new stake in Walt Disney Company (The) during the first quarter valued at about $205,000. 62.34% of the stock is currently owned by institutional investors.

Shares of Walt Disney Company (DIS) traded down 0.67% during midday trading on Friday, hitting $100.70. The company had a trading volume of 6,893,916 shares. The stock’s 50-day moving average price is $105.49 and its 200-day moving average price is $108.98. The stock has a market capitalization of $155.43 billion, a price-to-earnings ratio of 17.86 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, August 8th. The entertainment giant reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. The firm had revenue of $14.24 billion during 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% on a year-over-year basis. During the same period in the previous year, the business earned $1.62 EPS. Analysts predict that Walt Disney Company will post $5.88 EPS for the current 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 27.56%.

DIS has been the subject of a number of recent research reports. Pivotal Research restated a “sell” rating and set a $85.00 price objective on shares of Walt Disney Company (The) in a research note on Sunday, April 23rd. Loop Capital downgraded Walt Disney Company (The) from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $115.00 to $114.44 in a research note on Monday, April 24th. Needham & Company LLC reissued a “hold” rating on shares of Walt Disney Company (The) in a research note on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating and issued a $138.00 price target on shares of Walt Disney Company (The) in a research note on Wednesday, April 26th. Finally, Rosenblatt Securities increased their price target on Walt Disney Company (The) from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Monday, May 8th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seventeen have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $115.16.

In other Walt Disney Company (The) news, Chairman Robert A. Iger sold 797,578 shares of the business’s 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 completion of the sale, the chairman now directly owns 1,566,484 shares of the company’s stock, valued at $164,621,803.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maria Elena Lagomasino acquired 976 shares of the stock in a transaction dated Thursday, August 10th. The shares were purchased at an average cost of $102.34 per share, with a total value of $99,883.84. Following the completion of the purchase, the director now owns 7,513 shares of the company’s stock, valued at approximately $768,880.42. The disclosure for this purchase can be found here. Insiders own 0.38% of the company’s stock.

Walt Disney Company (The) Company Profile

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.