Kimelman & Baird LLC raised its stake in shares of Walt Disney Company (The) (NYSE:DIS) by 0.2% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 124,779 shares of the entertainment giant’s stock after purchasing an additional 304 shares during the period. Walt Disney Company (The) accounts for about 2.2% of Kimelman & Baird LLC’s investment portfolio, making the stock its 14th biggest holding. Kimelman & Baird LLC’s holdings in Walt Disney Company (The) were worth $14,149,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. HM Capital Management LLC grew its holdings in Walt Disney Company (The) by 0.5% during the first quarter. HM Capital Management LLC now owns 2,690 shares of the entertainment giant’s stock valued at $305,000 after purchasing an additional 14 shares during the period. Fox Run Management L.L.C. bought a new stake in Walt Disney Company (The) during the first quarter valued at about $1,270,000. State Treasurer State of Michigan grew its holdings in Walt Disney Company (The) by 73.3% during the first quarter. State Treasurer State of Michigan now owns 1,355,053 shares of the entertainment giant’s stock valued at $153,649,000 after purchasing an additional 573,000 shares during the period. Mutual of America Capital Management LLC grew its holdings in Walt Disney Company (The) by 1.4% during the first quarter. Mutual of America Capital Management LLC now owns 175,248 shares of the entertainment giant’s stock valued at $19,871,000 after purchasing an additional 2,351 shares during the period. Finally, Virtu Financial LLC bought a new stake in Walt Disney Company (The) during the first quarter valued at about $450,000. 61.48% of the stock is owned by institutional investors and hedge funds.

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A number of research firms have recently weighed in on DIS. Bank of America Corporation set a $125.00 price objective on Walt Disney Company (The) and gave the stock a “hold” rating in a research note on Saturday, June 24th. BMO Capital Markets reaffirmed an “underperform” rating and issued a $90.00 price objective (down previously from $95.00) on shares of Walt Disney Company (The) in a research note on Thursday, August 10th. FBR & Co reaffirmed a “hold” rating and issued a $97.00 price objective on shares of Walt Disney Company (The) in a research note on Friday, September 8th. Guggenheim reaffirmed a “buy” rating and issued a $122.00 price objective (down previously from $128.00) on shares of Walt Disney Company (The) in a research note on Wednesday, July 12th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $125.00 price objective on shares of Walt Disney Company (The) in a research note on Tuesday, July 25th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-one have given a buy rating to the company. Walt Disney Company (The) currently has a consensus rating of “Hold” and an average target price of $113.98.

Walt Disney Company (NYSE:DIS) traded up 0.894% during trading on Wednesday, hitting $98.765. The company’s stock had a trading volume of 3,373,841 shares. The firm has a market cap of $152.44 billion, a PE ratio of 17.518 and a beta of 1.42. Walt Disney Company has a one year low of $90.32 and a one year high of $116.10. The company has a 50-day moving average of $103.64 and a 200 day moving average of $107.98.

Walt Disney Company (The) (NYSE:DIS) last announced its 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 during the quarter, compared to analysts’ expectations of $14.44 billion. During the same period in the prior year, the company earned $1.62 earnings per share. The business’s revenue was down .3% compared to the same quarter last year. On average, equities analysts forecast that Walt Disney Company will post $5.82 earnings per share for the current year.

In other news, Director Maria Elena Lagomasino purchased 976 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average cost of $102.34 per share, with a total value of $99,883.84. Following the completion of the acquisition, the director now directly owns 7,513 shares of the company’s stock, valued at approximately $768,880.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.00% of the stock is currently owned by corporate insiders.

Walt Disney Company (The) 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.

Institutional Ownership by Quarter for Walt Disney Company (The) (NYSE:DIS)

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