Cincinnati Casualty Co. maintained its position in shares of Walt Disney Company (The) (NYSE:DIS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,000 shares of the entertainment giant’s stock at the end of the first quarter. Walt Disney Company (The) makes up approximately 2.1% of Cincinnati Casualty Co.’s portfolio, making the stock its 17th largest position. Cincinnati Casualty Co.’s holdings in Walt Disney Company (The) were worth $2,268,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of Walt Disney Company (The) during the fourth quarter worth approximately $110,000. Feltz Wealth PLAN Inc. bought a new position in shares of Walt Disney Company (The) during the first quarter worth approximately $173,000. Cordasco Financial Network boosted its position in shares of Walt Disney Company (The) by 2.4% in the first quarter. Cordasco Financial Network now owns 1,549 shares of the entertainment giant’s stock worth $176,000 after buying an additional 37 shares during the last quarter. Paragon Capital Management Ltd bought a new position in shares of Walt Disney Company (The) during the first quarter worth approximately $200,000. Finally, Paradigm Financial Advisors LLC bought a new position in shares of Walt Disney Company (The) during the first quarter worth approximately $205,000. Institutional investors own 62.35% of the company’s stock.

Shares of Walt Disney Company (NYSE DIS) opened at 107.69 on Friday. The company has a market cap of $168.52 billion, a P/E ratio of 18.78 and a beta of 1.40. The stock’s 50 day moving average price is $106.01 and its 200 day moving average price is $109.39. Walt Disney Company has a 12-month low of $90.32 and a 12-month high of $116.10.

Walt Disney Company (The) (NYSE:DIS) last posted 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 business had revenue of $13.34 billion during the quarter, compared to analyst estimates of $13.44 billion. Walt Disney Company (The) had a return on equity of 19.81% and a net margin of 16.63%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 EPS. On average, analysts forecast that Walt Disney Company will post $5.90 EPS for the current year.

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, July 27th. Shareholders of record on Monday, July 10th were issued a $0.78 dividend. The ex-dividend date of this dividend was Thursday, July 6th. Walt Disney Company (The)’s payout ratio is 27.18%.

COPYRIGHT VIOLATION NOTICE: “Cincinnati Casualty Co. Has $2,268,000 Stake in Walt Disney Company (The) (DIS)” was reported by Daily Political and is owned by of Daily Political. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.dailypolitical.com/2017/08/05/cincinnati-casualty-co-has-2268000-stake-in-walt-disney-company-the-dis.html.

A number of brokerages recently commented on DIS. Zacks Investment Research cut Walt Disney Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Macquarie reaffirmed a “neutral” rating on shares of Walt Disney Company (The) in a research note on Wednesday, May 10th. FBR & Co raised their price objective on Walt Disney Company (The) from $113.00 to $116.00 and gave the company a “mkt perform” rating in a research note on Friday, April 7th. Morgan Stanley reaffirmed an “overweight” rating and issued a $130.00 price objective on shares of Walt Disney Company (The) in a research note on Wednesday, June 21st. Finally, Guggenheim reaffirmed a “buy” rating and issued a $128.00 price objective on shares of Walt Disney Company (The) in a research note on Tuesday, April 11th. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating and seventeen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $115.95.

In other Walt Disney Company (The) 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 value of $1,323,829.86. Following the completion of the sale, the director now owns 48,673 shares of the company’s stock, valued at approximately $5,306,330.46. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 completion of the sale, the chairman now directly owns 1,566,484 shares of the company’s stock, valued at approximately $164,621,803.56. The disclosure for this sale can be found here. 0.38% of the stock is currently 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)

Receive News & Ratings for Walt Disney Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.