Congress Asset Management Co. MA Sells 22,322 Shares of Walt Disney Company (The) (DIS)

Congress Asset Management Co. MA lessened its stake in Walt Disney Company (The) (NYSE:DIS) by 4.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 466,216 shares of the entertainment giant’s stock after selling 22,322 shares during the quarter. Congress Asset Management Co. MA’s holdings in Walt Disney Company (The) were worth $52,864,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in DIS. Peapack Gladstone Financial Corp boosted its holdings in Walt Disney Company (The) by 0.7% during the first quarter. Peapack Gladstone Financial Corp now owns 237,847 shares of the entertainment giant’s stock worth $26,969,000 after purchasing an additional 1,769 shares during the last quarter. Arthur M. Cohen & Associates LLC boosted its holdings in Walt Disney Company (The) by 9.1% during the first quarter. Arthur M. Cohen & Associates LLC now owns 14,109 shares of the entertainment giant’s stock worth $1,600,000 after purchasing an additional 1,181 shares during the last quarter. South Texas Money Management Ltd. boosted its holdings in Walt Disney Company (The) by 51.8% during the first quarter. South Texas Money Management Ltd. now owns 244,225 shares of the entertainment giant’s stock worth $27,693,000 after purchasing an additional 83,377 shares during the last quarter. Legacy Capital Partners Inc. boosted its holdings in Walt Disney Company (The) by 6.9% during the first quarter. Legacy Capital Partners Inc. now owns 3,165 shares of the entertainment giant’s stock worth $359,000 after purchasing an additional 205 shares during the last quarter. Finally, Eagle Global Advisors LLC boosted its holdings in Walt Disney Company (The) by 1.1% during the first quarter. Eagle Global Advisors LLC now owns 55,526 shares of the entertainment giant’s stock worth $6,296,000 after purchasing an additional 610 shares during the last quarter. Institutional investors own 61.48% of the company’s stock.

Walt Disney Company (DIS) traded up 0.83% during trading on Wednesday, reaching $98.70. 3,100,700 shares of the company’s stock were exchanged. The stock has a market cap of $152.34 billion, a PE ratio of 17.51 and a beta of 1.42. Walt Disney Company has a 12 month low of $90.32 and a 12 month high of $116.10. The firm has a 50 day moving average of $103.64 and a 200-day moving average of $107.98.

Walt Disney Company (The) (NYSE:DIS) last issued its earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. The business had revenue of $14.24 billion during the quarter, compared to analysts’ expectations of $14.44 billion. During the same period in the prior year, the business earned $1.62 EPS. The business’s revenue for the quarter was down .3% compared to the same quarter last year. On average, equities research analysts anticipate that Walt Disney Company will post $5.82 earnings per share for the current fiscal year.

Several analysts have issued reports on the stock. Goldman Sachs Group, Inc. (The) set a $134.00 price target on shares of Walt Disney Company (The) and gave the stock a “buy” rating in a research report on Saturday, May 20th. Royal Bank Of Canada set a $130.00 price target on shares of Walt Disney Company (The) and gave the stock a “buy” rating in a research report on Monday, June 12th. Moffett Nathanson reaffirmed a “buy” rating on shares of Walt Disney Company (The) in a research report on Friday, June 9th. Credit Suisse Group reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney Company (The) in a research report on Sunday, May 28th. Finally, 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. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $113.98.

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In other news, Director Maria Elena Lagomasino bought 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 owns 7,513 shares of the company’s stock, valued at $768,880.42. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 13.00% of the stock is currently owned by corporate insiders.

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.

Institutional Ownership by Quarter for Walt Disney Company (The) (NYSE:DIS)

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