AE Wealth Management LLC raised its stake in shares of Walt Disney Company (The) (NYSE:DIS) by 144.5% during the first quarter, Holdings Channel reports. The fund owned 4,846 shares of the entertainment giant’s stock after buying an additional 2,864 shares during the period. AE Wealth Management LLC’s holdings in Walt Disney Company (The) were worth $549,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of DIS. Norges Bank acquired a new position in shares of Walt Disney Company (The) during the fourth quarter valued at $1,507,183,000. Fisher Asset Management LLC raised its position in shares of 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 valued at $1,003,124,000 after buying an additional 101,808 shares during the last quarter. 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. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Walt Disney Company (The) by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,441,017 shares of the entertainment giant’s stock valued at $503,567,000 after buying an additional 18,753 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Walt Disney Company (The) by 33.5% in the fourth quarter. Teachers Advisors LLC now owns 3,553,068 shares of the entertainment giant’s stock valued at $370,301,000 after buying an additional 892,390 shares during the last quarter. 62.42% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Company (NYSE DIS) opened at 106.35 on Tuesday. The company has a market cap of $166.42 billion, a PE ratio of 18.55 and a beta of 1.40. The company has a 50 day moving average price of $106.01 and a 200-day moving average price of $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) also was the target of unusually large options trading on Monday. Investors acquired 26,917 put options on the company. This represents an increase of 352% compared to the typical daily volume of 5,955 put options.

Walt Disney Company (The) (NYSE:DIS) last announced its earnings results on Tuesday, May 9th. The entertainment giant reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.05. The business had revenue of $13.34 billion for 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 period in the prior year, the company earned $1.36 EPS. Equities analysts predict that Walt Disney Company will post $5.90 earnings per share for the current fiscal 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 paid a $0.78 dividend. The ex-dividend date of this dividend was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio is currently 27.18%.

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DIS has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Walt Disney Company (The) in a research report on Tuesday, April 25th. BidaskClub raised shares of Walt Disney Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Goldman Sachs Group, Inc. (The) set a $138.00 price objective on shares of Walt Disney Company (The) and gave the company a “buy” rating in a research report on Tuesday, April 11th. Deutsche Bank AG reaffirmed a “buy” rating and set a $125.00 price objective (down previously from $130.00) on shares of Walt Disney Company (The) in a research report on Monday, May 15th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $130.00 price target on shares of Walt Disney Company (The) in a research report on Friday, July 14th. Six equities research 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’s stock. Walt Disney Company (The) presently has a consensus rating of “Hold” and a consensus target price of $115.95.

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 transaction, the chairman now directly owns 1,566,484 shares in the company, valued at approximately $164,621,803.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan E. Arnold sold 12,143 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 48,673 shares of the company’s stock, valued at $5,306,330.46. The disclosure for this sale can be found here. 13.00% of the stock is owned by corporate 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.

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

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