Founders Capital Management raised its stake in shares of Walt Disney Company (The) (NYSE:DIS) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 20,271 shares of the entertainment giant’s stock after buying an additional 155 shares during the period. Walt Disney Company (The) accounts for approximately 1.9% of Founders Capital Management’s investment portfolio, making the stock its 18th largest position. Founders Capital Management’s holdings in Walt Disney Company (The) were worth $2,154,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of Walt Disney Company (The) during the fourth quarter valued at $110,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of Walt Disney Company (The) during the first quarter valued at $144,000. Feltz Wealth PLAN Inc. acquired a new position in shares of Walt Disney Company (The) during the first quarter valued at $173,000. Cordasco Financial Network raised its position 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 acquired a new position in shares of Walt Disney Company (The) during the first quarter valued at $205,000. Institutional investors and hedge funds own 62.42% of the company’s stock.

Shares of Walt Disney Company (NYSE DIS) traded up 0.63% during mid-day trading on Friday, hitting $101.99. 9,410,408 shares of the company traded hands. The stock has a market capitalization of $157.42 billion, a price-to-earnings ratio of 18.09 and a beta of 1.40. The firm has a 50-day moving average of $106.08 and a 200-day moving average of $109.24. Walt Disney Company has a one year low of $90.32 and a one year high of $116.10.

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, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.05. The company had revenue of $14.24 billion during the quarter, compared to analyst estimates of $14.44 billion. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.62 earnings per share. On average, equities analysts predict 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. Investors 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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Several brokerages recently weighed in on DIS. Loop Capital restated a “hold” rating and issued a $108.00 price objective on shares of Walt Disney Company (The) in a report on Thursday. Cowen and Company restated a “hold” rating and issued a $95.00 price objective on shares of Walt Disney Company (The) in a report on Thursday. BMO Capital Markets restated an “underperform” rating and issued a $90.00 price objective (down from $95.00) on shares of Walt Disney Company (The) in a report on Thursday. Goldman Sachs Group, Inc. (The) set a $133.00 price objective on shares of Walt Disney Company (The) and gave the company a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $109.00 price objective on shares of Walt Disney Company (The) in a report on Thursday. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and seventeen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $115.19.

In related news, Director Maria Elena Lagomasino purchased 976 shares of Walt Disney Company (The) stock in a transaction that occurred on Thursday, August 10th. The stock was bought at an average price of $102.34 per share, for a total transaction of $99,883.84. Following the completion of the transaction, the director now owns 7,513 shares in the company, valued at $768,880.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Robert A. Iger sold 797,578 shares of the stock in a transaction dated 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 approximately $164,621,803.56. The disclosure for this sale can be found here. 0.38% of the stock is currently 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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