Walt Disney Company (The) (DIS) Shares Sold by Jarislowsky Fraser Ltd

Jarislowsky Fraser Ltd decreased its position in Walt Disney Company (The) (NYSE:DIS) by 22.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,381 shares of the entertainment giant’s stock after selling 3,833 shares during the period. Jarislowsky Fraser Ltd’s holdings in Walt Disney Company (The) were worth $1,421,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. State Street Corp raised its position in Walt Disney Company (The) by 0.7% in the first quarter. State Street Corp now owns 67,739,871 shares of the entertainment giant’s stock worth $7,681,023,000 after buying an additional 456,053 shares during the period. Norges Bank bought a new position in Walt Disney Company (The) during the fourth quarter worth approximately $1,507,183,000. Fisher Asset Management LLC raised its position in Walt Disney Company (The) by 1.2% in the first quarter. Fisher Asset Management LLC now owns 8,846,672 shares of the entertainment giant’s stock worth $1,003,124,000 after buying an additional 101,808 shares during the period. Clearbridge Investments LLC raised its position in shares of Walt Disney Company (The) by 2.0% in the first quarter. Clearbridge Investments LLC now owns 7,623,125 shares of the entertainment giant’s stock valued at $864,386,000 after buying an additional 150,316 shares during the last quarter. Finally, Parnassus Investments CA raised its position in shares of Walt Disney Company (The) by 0.4% in the first quarter. Parnassus Investments CA now owns 5,823,364 shares of the entertainment giant’s stock valued at $638,073,000 after buying an additional 20,641 shares during the last quarter. Hedge funds and other institutional investors own 62.34% of the company’s stock.

Walt Disney Company (DIS) traded down 0.67% during trading on Friday, reaching $100.70. The company had a trading volume of 6,893,916 shares. The firm’s 50 day moving average price is $105.49 and its 200 day moving average price is $108.98. Walt Disney Company has a 12-month low of $90.32 and a 12-month high of $116.10. The firm has a market capitalization of $155.43 billion, a PE ratio of 17.86 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, beating the Zacks’ consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The company had revenue of $14.24 billion during the quarter, compared to analysts’ expectations of $14.44 billion. During the same quarter in the prior year, the company posted $1.62 earnings per share. Walt Disney Company (The)’s revenue for the quarter was down .3% compared to the same quarter last year. Equities research analysts forecast that Walt Disney Company will post $5.88 EPS for the current year.

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, July 27th. Investors of record on Monday, July 10th were given 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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DIS has been the topic of several recent analyst reports. Deutsche Bank AG reiterated a “buy” rating and issued a $125.00 price target (down previously from $130.00) on shares of Walt Disney Company (The) in a research note on Monday, May 15th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $134.00 price target on shares of Walt Disney Company (The) in a research note on Wednesday, May 10th. Piper Jaffray Companies set a $130.00 price target on Walt Disney Company (The) and gave the company a “buy” rating in a research note on Wednesday, May 10th. Credit Suisse Group restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney Company (The) in a research report on Sunday, May 28th. Finally, Moffett Nathanson restated a “buy” rating on shares of Walt Disney Company (The) in a research report on Friday, June 9th. Five equities 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 stock. The company presently has an average rating of “Hold” and an average price target of $115.16.

In related news, Chairman Robert A. Iger sold 797,578 shares of the stock in a transaction that occurred 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 completion of the sale, the chairman now owns 1,566,484 shares of the company’s stock, valued at $164,621,803.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maria Elena Lagomasino bought 976 shares of the firm’s stock in a transaction that occurred on 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 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. Corporate 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.

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

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