Navellier & Associates Inc reduced its stake in shares of Walt Disney Company (The) (NYSE:DIS) by 1.3% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 22,200 shares of the entertainment giant’s stock after selling 300 shares during the period. Navellier & Associates Inc’s holdings in Walt Disney Company (The) were worth $2,517,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Walt Disney Company (The) during the fourth quarter valued at about $1,507,183,000. FMR LLC boosted its position in shares of Walt Disney Company (The) by 11.7% in the fourth quarter. FMR LLC now owns 34,148,450 shares of the entertainment giant’s stock valued at $3,558,951,000 after buying an additional 3,579,822 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Walt Disney Company (The) by 1,054.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,704,130 shares of the entertainment giant’s stock valued at $281,899,000 after buying an additional 2,469,854 shares during the last quarter. Viking Global Investors LP bought a new position in shares of Walt Disney Company (The) during the fourth quarter valued at about $250,510,000. Finally, State Street Corp boosted its position in shares of Walt Disney Company (The) by 3.3% in the fourth quarter. State Street Corp now owns 67,283,818 shares of the entertainment giant’s stock valued at $7,013,903,000 after buying an additional 2,122,112 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Walt Disney Company (DIS) traded up 0.77% during mid-day trading on Friday, reaching $105.09. 4,370,311 shares of the company’s stock traded hands. The stock has a market capitalization of $164.45 billion, a PE ratio of 18.31 and a beta of 1.39. Walt Disney Company has a 12 month low of $90.32 and a 12 month high of $116.10. The firm’s 50-day moving average price is $106.63 and its 200 day moving average price is $109.31.

Walt Disney Company (The) (NYSE:DIS) last released its quarterly earnings data on Tuesday, May 9th. The entertainment giant reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.05. Walt Disney Company (The) had a return on equity of 19.81% and a net margin of 16.63%. The firm had revenue of $13.34 billion during the quarter, compared to analyst estimates of $13.44 billion. During the same period in the prior year, the company posted $1.36 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities research analysts predict that Walt Disney Company will post $5.92 EPS for the current year.

The firm also recently announced a dividend, which will be paid on Thursday, July 27th. Stockholders of record on Monday, July 10th will be paid a $0.78 dividend. The ex-dividend date is Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio (DPR) is presently 27.18%.

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A number of analysts recently weighed in on the stock. Goldman Sachs Group, Inc. (The) set a $134.00 price target on shares of Walt Disney Company (The) and gave the stock a “buy” rating in a research note on Saturday, May 20th. Vetr cut shares of Walt Disney Company (The) from a “buy” rating to a “hold” rating and set a $115.94 price target for the company. in a research note on Monday, March 20th. Macquarie cut shares of Walt Disney Company (The) from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $90.32 to $105.00 in a research note on Wednesday, May 17th. Deutsche Bank AG reiterated a “buy” rating and set a $125.00 price target (down previously from $130.00) on shares of Walt Disney Company (The) in a research note on Monday, May 15th. Finally, FBR & Co raised their target price on shares of Walt Disney Company (The) from $113.00 to $116.00 and gave the stock a “mkt perform” rating in a research note on Friday, April 7th. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $116.17.

In other news, EVP Brent Woodford sold 2,000 shares of the firm’s stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of $114.50, for a total value of $229,000.00. Following the completion of the sale, the executive vice president now directly owns 27,745 shares in the company, valued at $3,176,802.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Robert A. Iger sold 797,578 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $105.09, for a total value 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 811,721 shares of company stock valued at $85,370,302. 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.

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

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