Walt Disney Company (The) (DIS) Position Reduced by Appleton Partners Inc. MA
Appleton Partners Inc. MA lowered its stake in shares of Walt Disney Company (The) (NYSE:DIS) by 11.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,282 shares of the entertainment giant’s stock after selling 5,055 shares during the period. Appleton Partners Inc. MA’s holdings in Walt Disney Company (The) were worth $4,454,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of DIS. Thomas J. Herzfeld Advisors Inc. acquired a new position in Walt Disney Company (The) during the fourth quarter valued at $110,000. Feltz Wealth PLAN Inc. acquired a new position in Walt Disney Company (The) during the first quarter valued at $173,000. Cordasco Financial Network increased its position 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 valued at $176,000 after buying an additional 37 shares in the last quarter. Paragon Capital Management Ltd acquired a new position in Walt Disney Company (The) during the first quarter valued at $200,000. Finally, Paradigm Financial Advisors LLC acquired a new position in Walt Disney Company (The) during the first quarter valued at $205,000. 62.34% of the stock is currently owned by institutional investors and hedge funds.
Shares of Walt Disney Company (NYSE DIS) traded up 0.20% on Monday, reaching $100.90. 801,764 shares of the company were exchanged. The company has a 50-day moving average price of $105.49 and a 200 day moving average price of $108.98. Walt Disney Company has a 1-year low of $90.32 and a 1-year high of $116.10. The stock has a market capitalization of $155.74 billion, a PE ratio of 17.90 and a beta of 1.40.
Walt Disney Company (The) (NYSE:DIS) last issued its quarterly 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. The company had revenue of $14.24 billion for the quarter, compared to analyst estimates of $14.44 billion. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the company earned $1.62 earnings per share. On average, analysts forecast that Walt Disney Company will post $5.88 EPS for the current fiscal year.
The company also recently announced a Semi-Annual dividend, which was paid on Thursday, July 27th. Investors of record on Monday, July 10th were issued 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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Several equities analysts have recently weighed in on DIS shares. 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. Macquarie downgraded shares of Walt Disney Company (The) from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $90.32 to $105.00 in a research note on Wednesday, May 17th. Deutsche Bank AG reissued a “buy” rating and issued a $125.00 price target (down from $130.00) on shares of Walt Disney Company (The) in a research note on Monday, May 15th. Zacks Investment Research downgraded shares of Walt Disney Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Rosenblatt Securities raised their price target on shares of Walt Disney Company (The) from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Monday, May 8th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $114.74.
In related news, Chairman Robert A. Iger sold 797,578 shares of Walt Disney Company (The) stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $105.09, for a total transaction of $83,817,472.02. Following the transaction, the chairman now directly owns 1,566,484 shares of the company’s stock, valued at $164,621,803.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Maria Elena Lagomasino bought 976 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average cost of $102.34 per share, for a total transaction of $99,883.84. Following the completion of the acquisition, the director now owns 7,513 shares of the company’s stock, valued at $768,880.42. The disclosure for this purchase can be found here. 13.00% of the stock is owned by 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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