Pinnacle Associates Ltd. increased its position in shares of Walt Disney Company (The) (NYSE:DIS) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 122,061 shares of the entertainment giant’s stock after acquiring an additional 1,551 shares during the period. Pinnacle Associates Ltd.’s holdings in Walt Disney were worth $12,969,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of DIS. Ariel Capital Advisors LLC grew its stake in Walt Disney by 4.9% in the 1st quarter. Ariel Capital Advisors LLC now owns 28,046 shares of the entertainment giant’s stock worth $3,180,000 after buying an additional 1,298 shares in the last quarter. Tocqueville Asset Management L.P. boosted its stake in shares of Walt Disney by 8.9% in the 1st quarter. Tocqueville Asset Management L.P. now owns 475,780 shares of the entertainment giant’s stock valued at $53,949,000 after purchasing an additional 38,985 shares in the last quarter. Canal Capital Management LLC boosted its stake in shares of Walt Disney by 17.4% in the 1st quarter. Canal Capital Management LLC now owns 4,998 shares of the entertainment giant’s stock valued at $567,000 after purchasing an additional 742 shares in the last quarter. Cookson Peirce & Co. Inc. boosted its stake in shares of Walt Disney by 27.5% in the 1st quarter. Cookson Peirce & Co. Inc. now owns 2,886 shares of the entertainment giant’s stock valued at $327,000 after purchasing an additional 622 shares in the last quarter. Finally, Advisor Partners LLC boosted its stake in shares of Walt Disney by 18.0% in the 1st quarter. Advisor Partners LLC now owns 26,083 shares of the entertainment giant’s stock valued at $2,958,000 after purchasing an additional 3,985 shares in the last quarter. 60.19% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Company (NYSE DIS) opened at $105.25 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.81 and a quick ratio of 0.74. Walt Disney Company has a 1-year low of $96.20 and a 1-year high of $116.10. The company has a market cap of $158,310.89, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 2.23 and a beta of 1.38.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Thursday, November 9th. The entertainment giant reported $1.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.05). Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The company had revenue of $12.78 billion during the quarter, compared to the consensus estimate of $13.30 billion. During the same quarter last year, the company posted $1.10 earnings per share. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. sell-side analysts predict that Walt Disney Company will post 6.24 earnings per share for the current fiscal year.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, January 11th. Shareholders of record on Monday, December 11th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is presently 27.42%.

DIS has been the subject of a number of research reports. Bank of America reaffirmed a “buy” rating and issued a $120.00 price objective (down previously from $125.00) on shares of Walt Disney in a research note on Friday, September 8th. FBR & Co reaffirmed a “hold” rating and issued a $97.00 price objective on shares of Walt Disney in a research note on Friday, September 8th. Goldman Sachs Group upped their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Guggenheim reaffirmed a “buy” rating and issued a $122.00 price objective on shares of Walt Disney in a research note on Tuesday, September 5th. Finally, UBS reaffirmed a “buy” rating and issued a $126.00 price objective on shares of Walt Disney in a research note on Tuesday, September 5th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $112.04.

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Walt Disney 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 (NYSE:DIS)

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