Murphy Capital Management Inc. reduced its stake in shares of Walt Disney Company (The) (NYSE:DIS) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 106,224 shares of the entertainment giant’s stock after selling 2,733 shares during the period. Walt Disney Company (The) makes up about 1.7% of Murphy Capital Management Inc.’s portfolio, making the stock its 13th largest position. Murphy Capital Management Inc.’s holdings in Walt Disney Company (The) were worth $11,286,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Harwood Advisory Group LLC increased its position in Walt Disney Company (The) by 0.6% in the second quarter. Harwood Advisory Group LLC now owns 2,071 shares of the entertainment giant’s stock valued at $220,000 after buying an additional 12 shares during the last quarter. HM Capital Management LLC increased its position in Walt Disney Company (The) by 0.5% in the first quarter. HM Capital Management LLC now owns 2,690 shares of the entertainment giant’s stock valued at $305,000 after buying an additional 14 shares during the last quarter. Barton Investment Management increased its position in Walt Disney Company (The) by 0.3% in the first quarter. Barton Investment Management now owns 7,732 shares of the entertainment giant’s stock valued at $876,000 after buying an additional 20 shares during the last quarter. Ipswich Investment Management Co. Inc. increased its position in Walt Disney Company (The) by 0.3% in the second quarter. Ipswich Investment Management Co. Inc. now owns 8,320 shares of the entertainment giant’s stock valued at $884,000 after buying an additional 25 shares during the last quarter. Finally, Mutual of Omaha Bank Wealth Management increased its position in Walt Disney Company (The) by 0.7% in the first quarter. Mutual of Omaha Bank Wealth Management now owns 4,570 shares of the entertainment giant’s stock valued at $519,000 after buying an additional 30 shares during the last quarter. 62.34% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Walt Disney Company (NYSE DIS) traded up 0.88% during midday trading on Friday, reaching $102.41. 6,186,933 shares of the company were exchanged. The stock’s 50-day moving average price is $104.96 and its 200-day moving average price is $108.67. The company has a market capitalization of $158.07 billion, a PE ratio of 18.16 and a beta of 1.40. Walt Disney Company has a 52-week low of $90.32 and a 52-week high of $116.10.
Walt Disney Company (The) (NYSE:DIS) last announced its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.62 EPS. Analysts anticipate that Walt Disney Company will post $5.88 EPS for the current year.
The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, July 27th. Shareholders 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 dividend payout ratio (DPR) is presently 27.56%.
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Several equities research analysts have weighed in on the company. Bank of America Corporation set a $125.00 price target on Walt Disney Company (The) and gave the stock a “hold” rating in a research report on Saturday, June 24th. BMO Capital Markets reaffirmed an “underperform” rating and set a $90.00 price target (down from $95.00) on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. Guggenheim reaffirmed 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. Credit Suisse Group reaffirmed 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. Finally, BidaskClub downgraded Walt Disney Company (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Five equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and sixteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $114.61.
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 sale, 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 at this link. Also, Director Maria Elena Lagomasino purchased 976 shares of the stock in a transaction on Thursday, August 10th. The stock was acquired at an average cost of $102.34 per share, for a total transaction of $99,883.84. Following the acquisition, the director now directly owns 7,513 shares in the company, valued at $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.
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