Flagship Harbor Advisors LLC reduced its position in Walt Disney Company (The) (NYSE:DIS) by 0.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 21,723 shares of the entertainment giant’s stock after selling 61 shares during the period. Walt Disney Company (The) accounts for 0.9% of Flagship Harbor Advisors LLC’s investment portfolio, making the stock its 22nd largest position. Flagship Harbor Advisors LLC’s holdings in Walt Disney Company (The) were worth $2,449,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Thomas J. Herzfeld Advisors Inc. bought a new stake in Walt Disney Company (The) during the fourth quarter worth approximately $110,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in Walt Disney Company (The) during the first quarter worth approximately $144,000. Feltz Wealth PLAN Inc. bought a new stake in Walt Disney Company (The) during the first quarter worth approximately $173,000. Cordasco Financial Network boosted 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 bought a new stake in Walt Disney Company (The) during the first quarter worth approximately $205,000. Institutional investors own 62.42% of the company’s stock.

Shares of Walt Disney Company (DIS) traded up 0.63% during mid-day trading on Friday, reaching $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 company’s 50 day moving average is $106.08 and its 200 day moving average is $109.24. Walt Disney Company has a 52-week low of $90.32 and a 52-week high of $116.10.

Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. The company had revenue of $14.24 billion for the quarter, compared to the consensus estimate of $14.44 billion. During the same period in the previous year, the business earned $1.62 EPS. Walt Disney Company (The)’s revenue for the quarter was down .3% compared to the same quarter last year. On average, equities analysts forecast that Walt Disney Company will post $5.90 earnings per share for the current year.

The firm also recently disclosed 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 of this dividend was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio is presently 27.56%.

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DIS has been the subject of a number of recent research reports. Loop Capital reissued a “hold” rating and set a $108.00 price target on shares of Walt Disney Company (The) in a research report on Thursday. Cowen and Company reissued a “hold” rating and set a $95.00 price target on shares of Walt Disney Company (The) in a research report on Thursday. BMO Capital Markets reissued an “underperform” rating and set a $90.00 price target (down from $95.00) on shares of Walt Disney Company (The) in a research report on Thursday. Goldman Sachs Group, Inc. (The) set a $133.00 price target on shares of Walt Disney Company (The) and gave the stock a “buy” rating in a research report on Wednesday. Finally, Wells Fargo & Company reissued a “market perform” rating and set a $109.00 price target on shares of Walt Disney Company (The) in a research report on Thursday. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seventeen have assigned a buy rating to the stock. Walt Disney Company (The) has a consensus rating of “Hold” and an average price target of $115.19.

In other Walt Disney Company (The) news, Director Maria Elena Lagomasino acquired 976 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of $102.34 per share, for a total transaction of $99,883.84. Following the acquisition, the director now directly owns 7,513 shares of the company’s stock, valued at $768,880.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Robert A. Iger sold 797,578 shares of Walt Disney Company (The) stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $105.09, for a total value of $83,817,472.02. Following the sale, the chairman now owns 1,566,484 shares in the company, valued at $164,621,803.56. The disclosure for this sale can be found here. 0.38% of the stock is owned by 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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