Candriam Luxembourg S.C.A. increased its position in Walt Disney Company (The) (NYSE:DIS) by 23.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 388,843 shares of the entertainment giant’s stock after buying an additional 75,117 shares during the period. Walt Disney Company (The) comprises approximately 0.9% of Candriam Luxembourg S.C.A.’s portfolio, making the stock its 18th largest position. Candriam Luxembourg S.C.A.’s holdings in Walt Disney Company (The) were worth $44,093,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in DIS. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of Walt Disney Company (The) during the fourth quarter worth $110,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in shares of Walt Disney Company (The) by 7,240.3% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 128,089 shares of the entertainment giant’s stock worth $128,000 after buying an additional 126,344 shares in the last quarter. New Capital Management LP bought a new position in shares of Walt Disney Company (The) during the fourth quarter worth $139,000. Massey Quick & Co. LLC bought a new position in shares of Walt Disney Company (The) during the fourth quarter worth $152,000. Finally, Feltz Wealth PLAN Inc. bought a new position in shares of Walt Disney Company (The) during the first quarter worth $173,000. 63.70% of the stock is owned by institutional investors.

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

Shares of Walt Disney Company (DIS) opened at 105.37 on Tuesday. Walt Disney Company has a 52-week low of $90.32 and a 52-week high of $116.10. The company has a market capitalization of $164.89 billion, a price-to-earnings ratio of 18.38 and a beta of 1.39. The firm’s 50-day moving average is $108.23 and its 200 day moving average is $109.21.

Walt Disney Company (The) (NYSE:DIS) last released its earnings results on Tuesday, May 9th. The entertainment giant reported $1.50 EPS for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.05. The company had revenue of $13.34 billion for the quarter, compared to analysts’ expectations of $13.44 billion. Walt Disney Company (The) had a return on equity of 19.81% and a net margin of 16.63%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.36 EPS. On average, equities research analysts anticipate that Walt Disney Company will post $5.94 earnings per share for the current year.

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Several brokerages have recently commented on DIS. Macquarie reiterated a “neutral” rating on shares of Walt Disney Company (The) in a research report on Wednesday, May 10th. FBR & Co lifted their price target on shares of Walt Disney Company (The) from $113.00 to $116.00 and gave the stock a “mkt perform” rating in a research report on Friday, April 7th. Drexel Hamilton reiterated a “hold” rating on shares of Walt Disney Company (The) in a research report on Tuesday, March 21st. Vetr upgraded shares of Walt Disney Company (The) from a “hold” rating to a “buy” rating and set a $116.50 price target for the company in a research report on Wednesday, March 15th. Finally, Guggenheim reiterated a “buy” rating and set a $128.00 price target on shares of Walt Disney Company (The) in a research report on Tuesday, April 11th. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eighteen have given a buy rating to the company. Walt Disney Company (The) currently has a consensus rating of “Hold” and a consensus price target of $116.49.

In other news, Director Susan E. Arnold sold 12,143 shares of Walt Disney Company (The) stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $109.02, for a total transaction of $1,323,829.86. Following the sale, the director now directly owns 48,673 shares in the company, valued at approximately $5,306,330.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Robert A. Iger sold 797,578 shares of Walt Disney Company (The) stock in a transaction on 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 sale, the chairman now owns 1,566,484 shares in the company, valued at $164,621,803.56. The disclosure for this sale can be found here. Insiders have sold a total of 811,721 shares of company stock worth $85,370,302 over the last quarter. Company insiders own 13.00% 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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