Walt Disney Company (The) (NYSE:DIS) Shares Bought by Keel Point LLC
Keel Point LLC boosted its position in Walt Disney Company (The) (NYSE:DIS) by 0.2% during the first quarter, Holdings Channel reports. The firm owned 7,246 shares of the entertainment giant’s stock after buying an additional 14 shares during the period. Keel Point LLC’s holdings in Walt Disney Company (The) were worth $822,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the company. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Walt Disney Company (The) during the fourth quarter valued at $110,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Walt Disney Company (The) during the first quarter valued at $144,000. Feltz Wealth PLAN Inc. bought a new stake in shares of Walt Disney Company (The) during the first quarter valued at $173,000. Cordasco Financial Network increased its stake 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 valued at $176,000 after buying an additional 37 shares in the last quarter. Finally, Paradigm Financial Advisors LLC bought a new stake in shares of Walt Disney Company (The) during the first quarter valued at $205,000. Institutional investors own 62.42% of the company’s stock.
Walt Disney Company (NYSE:DIS) traded up 0.32% during mid-day trading on Friday, reaching $101.67. 2,853,058 shares of the company traded hands. The stock has a market capitalization of $156.93 billion, a PE ratio of 18.03 and a beta of 1.40. 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.
Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.05. The company had revenue of $14.24 billion for the quarter, compared to the consensus estimate of $14.44 billion. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. Walt Disney Company (The)’s revenue was down .3% on a year-over-year basis. During the same quarter last year, the firm posted $1.62 earnings per share. Equities research analysts expect that Walt Disney Company will post $5.90 earnings per share for the current year.
The business also recently declared a Semi-Annual dividend, which was paid on Thursday, July 27th. Shareholders of record on Monday, July 10th were paid a dividend of $0.78 per share. The ex-dividend date was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio is currently 27.56%.
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Several equities research analysts have weighed in on the company. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and set a $138.00 price target on shares of Walt Disney Company (The) in a research report on Wednesday, April 26th. Loop Capital downgraded Walt Disney Company (The) from a “buy” rating to a “hold” rating and cut their price target for the stock from $115.00 to $114.44 in a research report on Monday, April 24th. Pivotal Research reaffirmed a “sell” rating and set a $85.00 price target on shares of Walt Disney Company (The) in a research report on Sunday, April 23rd. Morgan Stanley increased their price target on Walt Disney Company (The) from $124.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, April 20th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Walt Disney Company (The) in a research report on Tuesday, April 25th. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seventeen have given a buy rating to the company. The stock presently 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 owns 1,566,484 shares of the company’s stock, valued at $164,621,803.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.38% of the company’s stock.
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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