Walt Disney Company (The) (NYSE:DIS) Position Lowered by Busey Trust CO

Busey Trust CO lowered its position in Walt Disney Company (The) (NYSE:DIS) by 0.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 127,974 shares of the entertainment giant’s stock after selling 684 shares during the period. Walt Disney Company (The) accounts for approximately 1.8% of Busey Trust CO’s investment portfolio, making the stock its 16th largest position. Busey Trust CO’s holdings in Walt Disney Company (The) were worth $14,511,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thomas J. Herzfeld Advisors Inc. purchased a new position in Walt Disney Company (The) during the fourth quarter worth approximately $110,000. Feltz Wealth PLAN Inc. bought a new stake in shares of Walt Disney Company (The) during the first quarter worth $173,000. Cordasco Financial Network boosted its stake 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 stake in Walt Disney Company (The) during the first quarter valued at approximately $200,000. Finally, Paradigm Financial Advisors LLC acquired a new stake in Walt Disney Company (The) during the first quarter valued at approximately $205,000. 62.34% of the stock is currently owned by institutional investors.

Shares of Walt Disney Company (NYSE DIS) traded down 0.67% during mid-day trading on Friday, hitting $100.70. 6,893,916 shares of the company’s stock traded hands. The company has a market cap of $155.43 billion, a PE ratio of 17.86 and a beta of 1.40. The firm has a 50-day moving average of $105.49 and a 200 day moving average of $108.98. Walt Disney Company has a 52 week low of $90.32 and a 52 week high of $116.10.

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

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

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Several analysts recently commented on DIS shares. Goldman Sachs Group, Inc. (The) set a $134.00 target price on Walt Disney Company (The) and gave the company a “buy” rating in a research report on Saturday, May 20th. Macquarie cut Walt Disney Company (The) from an “outperform” rating to a “neutral” rating and raised their target price for the company from $90.32 to $105.00 in a research report on Wednesday, May 17th. Deutsche Bank AG restated a “buy” rating and issued a $125.00 target price (down from $130.00) on shares of Walt Disney Company (The) in a research report on Monday, May 15th. Zacks Investment Research lowered Walt Disney Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Rosenblatt Securities increased their price target on Walt Disney Company (The) from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, May 8th. Five investment 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. The stock presently has a consensus rating of “Hold” and a consensus price target of $115.16.

In other news, Director Maria Elena Lagomasino acquired 976 shares of Walt Disney Company (The) stock in a transaction on Thursday, August 10th. The stock was acquired at an average cost of $102.34 per share, for a total transaction of $99,883.84. Following the purchase, the director now owns 7,513 shares in the company, valued at $768,880.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $83,817,472.02. Following the sale, the chairman now owns 1,566,484 shares of the company’s stock, valued at $164,621,803.56. The disclosure for this sale can be found here. 0.38% of the stock is owned by company insiders.

Walt Disney Company (The) 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.

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

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