Cadence Bank NA Cuts Position in Walt Disney Company (The) (NYSE:DIS)

Cadence Bank NA cut its stake in Walt Disney Company (The) (NYSE:DIS) by 4.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 8,896 shares of the entertainment giant’s stock after selling 404 shares during the period. Cadence Bank NA’s holdings in Walt Disney Company (The) were worth $1,009,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in DIS. Canada Pension Plan Investment Board raised its position in shares of Walt Disney Company (The) by 8,245.5% in the first quarter. Canada Pension Plan Investment Board now owns 670,726 shares of the entertainment giant’s stock valued at $76,054,000 after buying an additional 662,689 shares in the last quarter. Tarbox Group Inc. raised its position in shares of Walt Disney Company (The) by 409.5% in the first quarter. Tarbox Group Inc. now owns 2,828 shares of the entertainment giant’s stock valued at $321,000 after buying an additional 2,273 shares in the last quarter. BB&T Corp raised its position in shares of Walt Disney Company (The) by 1.5% in the first quarter. BB&T Corp now owns 123,618 shares of the entertainment giant’s stock valued at $14,017,000 after buying an additional 1,864 shares in the last quarter. North Star Investment Management Corp. raised its position in shares of Walt Disney Company (The) by 7.5% in the first quarter. North Star Investment Management Corp. now owns 33,873 shares of the entertainment giant’s stock valued at $3,841,000 after buying an additional 2,353 shares in the last quarter. Finally, Beaumont Financial Partners LLC raised its position in shares of Walt Disney Company (The) by 33.9% in the first quarter. Beaumont Financial Partners LLC now owns 3,186 shares of the entertainment giant’s stock valued at $361,000 after buying an additional 806 shares in the last quarter. Institutional investors and hedge funds own 62.34% of the company’s stock.

Shares of Walt Disney Company (NYSE:DIS) traded down 0.67% during mid-day trading on Friday, reaching $100.70. 6,893,916 shares of the company traded hands. The firm has a market capitalization of $155.43 billion, a price-to-earnings ratio of 17.86 and a beta of 1.40. The firm has a 50-day moving average price of $105.49 and a 200 day moving average price of $108.98. 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 issued its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. The business had revenue of $14.24 billion for the quarter, compared to analysts’ expectations 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 was down .3% on a year-over-year basis. During the same quarter last year, the company earned $1.62 EPS. On average, analysts anticipate that Walt Disney Company will post $5.88 earnings per share for the current year.

The company also recently disclosed 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 of this dividend was Thursday, July 6th. Walt Disney Company (The)’s payout ratio is 27.56%.

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Several brokerages have recently weighed in on DIS. Zacks Investment Research lowered shares of Walt Disney Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Macquarie restated a “neutral” rating on shares of Walt Disney Company (The) in a report on Wednesday, May 10th. Morgan Stanley restated an “overweight” rating and issued a $130.00 target price on shares of Walt Disney Company (The) in a report on Wednesday, June 21st. Wells Fargo & Company restated a “market perform” rating and issued a $111.00 target price on shares of Walt Disney Company (The) in a report on Wednesday, May 10th. Finally, BidaskClub downgraded shares of Walt Disney Company (The) from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $115.16.

In other Walt Disney Company (The) news, Chairman Robert A. Iger sold 797,578 shares of Walt Disney Company (The) stock in a transaction on Friday, June 9th. The shares were sold at an average price of $105.09, for a total transaction 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 filing with the SEC, which is available at the SEC website. Also, Director Maria Elena Lagomasino bought 976 shares of the stock in a transaction on Thursday, August 10th. The shares were acquired at an average cost of $102.34 per share, for a total transaction of $99,883.84. Following the purchase, the director now owns 7,513 shares in the company, valued at $768,880.42. The disclosure for this purchase can be found here. 0.38% of the stock is owned by company 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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