Bennicas & Associates Inc. raised its position in shares of Walt Disney Company (The) (NYSE:DIS) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,945 shares of the entertainment giant’s stock after buying an additional 150 shares during the period. Walt Disney Company (The) accounts for 2.1% of Bennicas & Associates Inc.’s portfolio, making the stock its 10th largest position. Bennicas & Associates Inc.’s holdings in Walt Disney Company (The) were worth $2,332,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Thomas J. Herzfeld Advisors Inc. acquired a new position in Walt Disney Company (The) during the fourth quarter worth $110,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in Walt Disney Company (The) during the first quarter worth $144,000. Feltz Wealth PLAN Inc. acquired a new position in Walt Disney Company (The) during the first quarter worth $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 period. Finally, Paragon Capital Management Ltd acquired a new position in Walt Disney Company (The) during the first quarter worth $200,000. 62.42% of the stock is owned by institutional investors and hedge funds.

Shares of Walt Disney Company (NYSE:DIS) traded up 0.972% during midday trading on Friday, hitting $102.335. 5,028,669 shares of the company traded hands. Walt Disney Company has a 52 week low of $90.32 and a 52 week high of $116.10. The stock has a 50 day moving average of $106.14 and a 200-day moving average of $109.28. The stock has a market capitalization of $157.95 billion, a PE ratio of 18.151 and a beta of 1.40.

Walt Disney Company (The) (NYSE:DIS) last issued its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The business had revenue of $14.24 billion for the quarter, compared to analysts’ expectations of $14.44 billion. During the same period last year, the business earned $1.62 earnings per share. The business’s quarterly revenue was down .3% on a year-over-year basis. Equities analysts forecast that Walt Disney Company will post $5.90 earnings per share for the current fiscal year.

The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, July 27th. Shareholders 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 payout ratio is currently 27.56%.

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A number of brokerages have recently commented on DIS. Zacks Investment Research downgraded shares of Walt Disney Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Macquarie reissued a “neutral” rating on shares of Walt Disney Company (The) in a research report on Wednesday, May 10th. Morgan Stanley reissued an “overweight” rating and issued a $130.00 price objective on shares of Walt Disney Company (The) in a research report on Wednesday, June 21st. Wells Fargo & Company reissued a “market perform” rating and issued a $111.00 price objective on shares of Walt Disney Company (The) in a research report on Wednesday, May 10th. Finally, BidaskClub downgraded shares of Walt Disney Company (The) from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seventeen have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $115.19.

In other Walt Disney Company (The) news, Chairman Robert A. Iger sold 797,578 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $105.09, for a total transaction of $83,817,472.02. Following the transaction, the chairman now directly owns 1,566,484 shares in the company, valued at $164,621,803.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.38% of the stock is owned by company 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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