Walt Disney Company (The) (DIS) Shares Sold by Asset Dedication LLC

Asset Dedication LLC cut its position in shares of Walt Disney Company (The) (NYSE:DIS) by 4.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 14,156 shares of the entertainment giant’s stock after selling 626 shares during the period. Asset Dedication LLC’s holdings in Walt Disney Company (The) were worth $1,493,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harwood Advisory Group LLC raised its position in shares of 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 worth $220,000 after buying an additional 12 shares during the last quarter. HM Capital Management LLC raised its position in shares of 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 worth $305,000 after buying an additional 14 shares during the last quarter. Barton Investment Management raised its stake 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 in the last quarter. Mutual of Omaha Bank Wealth Management raised its stake 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 in the last quarter. Finally, Youngs Advisory Group Inc. raised its stake in Walt Disney Company (The) by 0.5% in the second quarter. Youngs Advisory Group Inc. now owns 5,797 shares of the entertainment giant’s stock valued at $616,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 62.42% of the company’s stock.

Shares of Walt Disney Company (NYSE DIS) opened at 101.99 on Friday. Walt Disney Company has a 1-year low of $90.32 and a 1-year high of $116.10. The firm’s 50-day moving average is $106.08 and its 200-day moving average is $109.24. The company has a market cap of $157.42 billion, a PE ratio of 18.09 and a beta of 1.40.

Walt Disney Company (The) (NYSE:DIS) last posted its earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.05. The company had revenue of $14.24 billion for the quarter, compared to the consensus estimate of $14.44 billion. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. Walt Disney Company (The)’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.62 earnings per share. On average, equities analysts forecast that Walt Disney Company will post $5.90 earnings per share for the current fiscal year.

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

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Several research firms have recently issued reports on DIS. Morgan Stanley raised their price target on shares of Walt Disney Company (The) from $124.00 to $130.00 and gave the company an “overweight” rating in a research note 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 note on Sunday, April 23rd. Loop Capital downgraded shares of Walt Disney Company (The) from a “buy” rating to a “hold” rating and lowered their target price 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. Finally, Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating and set a $138.00 target price on shares of Walt Disney Company (The) in a research note on Wednesday, April 26th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seventeen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $115.19.

In other news, Chairman Robert A. Iger sold 797,578 shares of the company’s stock in a transaction dated 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 sale, the chairman now owns 1,566,484 shares of the company’s stock, valued at $164,621,803.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Maria Elena Lagomasino bought 976 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was bought at an average cost of $102.34 per share, with a total value of $99,883.84. Following the transaction, the director now directly owns 7,513 shares of the company’s stock, valued at $768,880.42. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by insiders.

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.

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

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