Logan Capital Management Inc. decreased its position in shares of Walt Disney Company (The) (NYSE:DIS) by 4.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,092 shares of the entertainment giant’s stock after selling 1,795 shares during the period. Logan Capital Management Inc.’s holdings in Walt Disney Company (The) were worth $4,206,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Walt Disney Company (The) during the fourth quarter worth about $110,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in Walt Disney Company (The) during the first quarter worth about $144,000. Feltz Wealth PLAN Inc. acquired a new position in Walt Disney Company (The) during the first quarter worth about $173,000. Cordasco Financial Network increased its position 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 last quarter. Finally, Paragon Capital Management Ltd acquired a new position in Walt Disney Company (The) during the first quarter worth about $200,000. Institutional investors and hedge funds own 62.42% of the company’s stock.

Shares of Walt Disney Company (NYSE:DIS) traded down 0.89% during mid-day trading on Thursday, hitting $101.91. The company’s stock had a trading volume of 2,378,968 shares. Walt Disney Company has a 12-month low of $90.32 and a 12-month high of $116.10. The stock has a 50-day moving average of $106.24 and a 200-day moving average of $109.34. The company has a market cap of $159.18 billion, a PE ratio of 18.08 and a beta of 1.40. Walt Disney Company (The) also saw some unusual options trading on Monday. Stock investors purchased 26,917 put options on the stock. This represents an increase of 352% compared to the typical daily volume of 5,955 put options.

Walt Disney Company (The) (NYSE:DIS) last issued its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a return on equity of 19.57% and a net margin of 16.22%. The company had revenue of $14.24 billion for the quarter, compared to analysts’ expectations of $14.44 billion. During the same period last year, the firm earned $1.62 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. On average, equities research analysts forecast that Walt Disney Company will post $5.90 EPS for the current year.

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, July 27th. Stockholders of record on Monday, July 10th were given a dividend of $0.78 per share. The ex-dividend date was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio (DPR) is presently 27.56%.

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Several equities analysts have weighed in on the stock. BidaskClub raised shares of Walt Disney Company (The) from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Credit Suisse Group reiterated 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. Morgan Stanley lifted their price objective on shares of Walt Disney Company (The) from $124.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, April 20th. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating and issued a $138.00 price target on shares of Walt Disney Company (The) in a research report on Wednesday, April 26th. Finally, Deutsche Bank AG restated 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 report on Monday, May 15th. Six analysts have rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $115.58.

In other news, Chairman Robert A. Iger sold 797,578 shares of the firm’s stock in a transaction on 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 directly owns 1,566,484 shares of the company’s stock, valued at approximately $164,621,803.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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.

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

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