Tiemann Investment Advisors LLC increased its stake in Walt Disney Company (The) (NYSE:DIS) by 0.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,295 shares of the entertainment giant’s stock after buying an additional 2 shares during the period. Tiemann Investment Advisors LLC’s holdings in Walt Disney Company (The) were worth $487,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in DIS. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of Walt Disney Company (The) during the fourth quarter worth approximately $110,000. Feltz Wealth PLAN Inc. purchased a new stake in Walt Disney Company (The) during the first quarter valued at $173,000. Cordasco Financial Network boosted its position in shares of 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 worth $176,000 after buying an additional 37 shares during the last quarter. Paragon Capital Management Ltd bought a new position in shares of Walt Disney Company (The) during the first quarter worth about $200,000. Finally, Paradigm Financial Advisors LLC bought a new position in shares of Walt Disney Company (The) during the first quarter worth about $205,000. 62.34% of the stock is currently owned by hedge funds and other institutional investors.
Walt Disney Company (NYSE:DIS) opened at 100.70 on Friday. Walt Disney Company has a 52 week low of $90.32 and a 52 week high of $116.10. The company has a 50 day moving average price of $105.49 and a 200 day moving average price of $108.98. The stock 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 (The) (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The firm had revenue of $14.24 billion during the quarter, compared to analysts’ expectations of $14.44 billion. During the same period in the prior year, the company posted $1.62 earnings per share. The firm’s revenue for the quarter was down .3% on a year-over-year basis. Analysts expect 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 given a dividend of $0.78 per share. The ex-dividend date was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio (DPR) is currently 27.56%.
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DIS has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Walt Disney Company (The) in a research note on Tuesday, April 25th. BidaskClub raised Walt Disney Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Deutsche Bank AG restated a “buy” rating and issued a $125.00 target price (down previously from $130.00) on shares of Walt Disney Company (The) in a research note on Monday, May 15th. Credit Suisse Group restated an “outperform” rating and issued a $120.00 price target (down previously from $125.00) on shares of Walt Disney Company (The) in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $130.00 target price on shares of Walt Disney Company (The) in a report on Friday, July 14th. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seventeen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $115.16.
In other Walt Disney Company (The) news, Director Maria Elena Lagomasino bought 976 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were acquired at an average price of $102.34 per share, with a total value of $99,883.84. Following the purchase, the director now owns 7,513 shares in the company, valued at approximately $768,880.42. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Robert A. Iger sold 797,578 shares of the firm’s 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 transaction, the chairman now directly owns 1,566,484 shares in the company, valued at approximately $164,621,803.56. The disclosure for this sale can be found here. 0.38% of the stock is currently 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.
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