Walt Disney Company (The) (NYSE:DIS) Shares Sold by Argent Capital Management LLC

Argent Capital Management LLC decreased its stake in shares of Walt Disney Company (The) (NYSE:DIS) by 3.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,092 shares of the entertainment giant’s stock after selling 288 shares during the period. Argent Capital Management LLC’s holdings in Walt Disney Company (The) were worth $804,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Walt Disney Company (The) during the fourth quarter worth $1,507,183,000. Fisher Asset Management LLC raised its position in shares of Walt Disney Company (The) by 1.2% in the first quarter. Fisher Asset Management LLC now owns 8,846,672 shares of the entertainment giant’s stock worth $1,003,124,000 after buying an additional 101,808 shares in the last quarter. Parnassus Investments CA increased its stake in shares of Walt Disney Company (The) by 0.4% in the first quarter. Parnassus Investments CA now owns 5,823,364 shares of the entertainment giant’s stock worth $638,073,000 after buying an additional 20,641 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Walt Disney Company (The) by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,441,017 shares of the entertainment giant’s stock worth $503,567,000 after buying an additional 18,753 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of Walt Disney Company (The) by 33.5% in the fourth quarter. Teachers Advisors LLC now owns 3,553,068 shares of the entertainment giant’s stock worth $370,301,000 after buying an additional 892,390 shares during the last quarter. 62.34% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Company (NYSE:DIS) opened at 100.70 on Friday. The company has a 50-day moving average of $105.49 and a 200-day moving average of $108.98. The firm has a market cap of $155.43 billion, a price-to-earnings ratio of 17.86 and a beta of 1.40. Walt Disney Company has a 1-year low of $90.32 and a 1-year high of $116.10.

Walt Disney Company (The) (NYSE:DIS) last issued its earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.05. The firm had revenue of $14.24 billion during the quarter, compared to the consensus estimate of $14.44 billion. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.62 earnings per share. Analysts predict that Walt Disney Company will post $5.88 earnings per share for the current year.

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, July 27th. Stockholders of record on Monday, July 10th were issued a $0.78 dividend. The ex-dividend date of this dividend was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio (DPR) is presently 27.56%.

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A number of equities analysts have issued reports on the company. BMO Capital Markets reiterated an “underperform” rating and set a $90.00 price target (down previously from $95.00) on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. Loop Capital reiterated a “hold” rating and set a $108.00 price target on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) set a $133.00 target price on Walt Disney Company (The) and gave the company a “buy” rating in a research report on Wednesday, August 9th. Wells Fargo & Company restated a “market perform” rating and issued a $109.00 target price on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. Finally, FBR & Co decreased their target price on Walt Disney Company (The) from $114.00 to $112.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 9th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seventeen have given a buy rating to the company’s stock. Walt Disney Company (The) presently has an average rating of “Hold” and an average price target of $115.16.

In other Walt Disney Company (The) news, Director Maria Elena Lagomasino bought 976 shares of Walt Disney Company (The) stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price 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 approximately $768,880.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Robert A. Iger sold 797,578 shares of the 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 sale, the chairman now owns 1,566,484 shares of the company’s stock, valued at approximately $164,621,803.56. The disclosure for this sale can be found here. 0.38% of the stock is 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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