Rehmann Capital Advisory Group cut its position in shares of Walt Disney Company (The) (NYSE:DIS) by 25.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,520 shares of the entertainment giant’s stock after selling 4,571 shares during the period. Rehmann Capital Advisory Group’s holdings in Walt Disney Company (The) were worth $1,437,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. acquired a new stake in Walt Disney Company (The) during the fourth quarter worth about $110,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Walt Disney Company (The) during the first quarter worth about $144,000. Feltz Wealth PLAN Inc. acquired a new stake in Walt Disney Company (The) during the first quarter worth about $173,000. Cordasco Financial Network increased its stake in 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 period. Finally, Paradigm Financial Advisors LLC acquired a new stake in Walt Disney Company (The) during the first quarter worth about $205,000. 62.42% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Company (DIS) traded up 0.34% on Tuesday, hitting $106.71. 2,696,863 shares of the stock were exchanged. 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 52-week low of $90.32 and a 52-week high of $116.10. The firm has a market cap of $166.99 billion, a PE ratio of 18.61 and a beta of 1.40. Walt Disney Company (The) also was the target of some unusual options trading on Monday. Traders acquired 26,917 put options on the company. This is an increase of approximately 352% compared to the average daily volume of 5,955 put options.

Walt Disney Company (The) (NYSE:DIS) last posted its earnings results on Tuesday, May 9th. The entertainment giant reported $1.50 earnings per share for the quarter, beating 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 in the previous year, the firm earned $1.36 EPS. On average, equities research analysts anticipate that Walt Disney Company will post $5.90 EPS for the current fiscal year.

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

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A number of analysts have recently issued reports on the stock. Bank of America Corporation set a $125.00 price objective on shares of Walt Disney Company (The) and gave the company a “hold” rating in a report on Saturday, June 24th. BidaskClub upgraded shares of Walt Disney Company (The) from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada set a $130.00 price objective on shares of Walt Disney Company (The) and gave the company a “buy” rating in a report on Monday, June 12th. Credit Suisse Group reiterated an “outperform” rating and issued a $125.00 price objective on shares of Walt Disney Company (The) in a report on Tuesday, July 25th. Finally, Vetr downgraded shares of Walt Disney Company (The) from a “buy” rating to a “hold” rating and set a $110.54 price objective on the stock. in a report on Thursday, July 27th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $115.95.

In other news, Chairman Robert A. Iger sold 797,578 shares of Walt Disney Company (The) stock in a transaction dated Friday, June 9th. The stock was 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 in the company, valued at approximately $164,621,803.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Susan E. Arnold sold 12,143 shares of Walt Disney Company (The) stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $109.02, for a total value of $1,323,829.86. Following the sale, the director now owns 48,673 shares of the company’s stock, valued at approximately $5,306,330.46. The disclosure for this sale can be found here. Company insiders own 13.00% of the company’s stock.

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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