Mitchell Sinkler & Starr PA reduced its position in Walt Disney Company (The) (NYSE:DIS) by 2.5% during the second quarter, Holdings Channel reports. The firm owned 6,399 shares of the entertainment giant’s stock after selling 165 shares during the period. Mitchell Sinkler & Starr PA’s holdings in Walt Disney Company (The) were worth $680,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. HM Capital Management LLC raised its stake in Walt Disney Company (The) by 0.5% in the first quarter. HM Capital Management LLC now owns 2,690 shares of the entertainment giant’s stock worth $305,000 after buying an additional 14 shares during the period. Fox Run Management L.L.C. bought a new position in shares of Walt Disney Company (The) during the first quarter worth approximately $1,270,000. Triangle Securities Wealth Management raised its position in shares of Walt Disney Company (The) by 0.5% in the first quarter. Triangle Securities Wealth Management now owns 28,049 shares of the entertainment giant’s stock worth $3,180,000 after buying an additional 135 shares during the period. Kentucky Retirement Systems bought a new position in shares of Walt Disney Company (The) during the fourth quarter worth approximately $11,073,000. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Walt Disney Company (The) during the fourth quarter worth approximately $4,940,000. 62.42% of the stock is currently owned by institutional investors.

Shares of Walt Disney Company (NYSE DIS) traded up 0.63% on Friday, hitting $101.99. 9,410,408 shares of the company traded hands. The company has a market capitalization of $157.42 billion, a PE ratio of 18.09 and a beta of 1.40. Walt Disney Company has a 12 month low of $90.32 and a 12 month high of $116.10. The stock’s 50-day moving average price is $106.08 and its 200-day moving average price is $109.24.

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 for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.05. The firm had revenue of $14.24 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.62 EPS. On average, equities analysts predict that Walt Disney Company will post $5.90 earnings per share for the current year.

The company also recently disclosed 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 equities analysts have recently commented on DIS shares. Piper Jaffray Companies set a $130.00 target price on shares of Walt Disney Company (The) and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $134.00 target price on shares of Walt Disney Company (The) in a research report on Wednesday, May 10th. Deutsche Bank AG reaffirmed a “buy” rating and set a $125.00 target price (down from $130.00) on shares of Walt Disney Company (The) in a research report on Monday, May 15th. Credit Suisse Group reaffirmed a “buy” rating and set a $125.00 target price on shares of Walt Disney Company (The) in a research report on Sunday, May 28th. Finally, Moffett Nathanson reaffirmed a “buy” rating on shares of Walt Disney Company (The) in a research report on Friday, June 9th. Five equities 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 company’s stock. The stock has an average rating of “Hold” and a consensus price target of $115.19.

In other Walt Disney Company (The) news, Chairman Robert A. Iger sold 797,578 shares of the company’s stock in a transaction 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 completion of the transaction, the chairman now owns 1,566,484 shares in the company, valued at approximately $164,621,803.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Maria Elena Lagomasino acquired 976 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were purchased at an average price of $102.34 per share, with a total value of $99,883.84. Following the transaction, the director now owns 7,513 shares in the company, valued at approximately $768,880.42. The disclosure for this purchase 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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