Walt Disney Company (The) (NYSE:DIS) Shares Bought by TNB Financial

TNB Financial increased its position in Walt Disney Company (The) (NYSE:DIS) by 6.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 100,707 shares of the entertainment giant’s stock after buying an additional 6,358 shares during the period. Walt Disney Company (The) makes up approximately 2.0% of TNB Financial’s investment portfolio, making the stock its 15th largest position. TNB Financial’s holdings in Walt Disney Company (The) were worth $10,700,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Thomas J. Herzfeld Advisors Inc. bought a new position in Walt Disney Company (The) during the fourth quarter worth $110,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in Walt Disney Company (The) by 7,240.3% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 128,089 shares of the entertainment giant’s stock worth $128,000 after buying an additional 126,344 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new position in Walt Disney Company (The) during the first quarter worth $144,000. Feltz Wealth PLAN Inc. bought a new position in Walt Disney Company (The) during the first quarter worth $173,000. Finally, Cordasco Financial Network boosted 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 worth $176,000 after buying an additional 37 shares in the last quarter. Institutional investors own 62.34% of the company’s stock.

Shares of Walt Disney Company (NYSE:DIS) traded down 0.67% during trading on Friday, hitting $100.70. 6,893,916 shares of the stock were exchanged. The stock’s 50 day moving average price is $105.63 and its 200 day moving average price is $109.05. Walt Disney Company has a one year low of $90.32 and a one year high of $116.10. The stock has a market cap of $155.43 billion, a PE ratio of 17.86 and a beta of 1.40.

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

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

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A number of equities analysts have weighed in on the stock. Zacks Investment Research cut shares of Walt Disney Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Macquarie reiterated a “neutral” rating on shares of Walt Disney Company (The) in a research report on Wednesday, May 10th. Morgan Stanley reiterated an “overweight” rating and issued a $130.00 target price on shares of Walt Disney Company (The) in a research report on Wednesday, June 21st. Wells Fargo & Company reiterated a “market perform” rating and issued a $111.00 target price on shares of Walt Disney Company (The) in a research report on Wednesday, May 10th. Finally, BidaskClub cut shares of Walt Disney Company (The) from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating and seventeen have given a buy rating to the stock. Walt Disney Company (The) has an average rating of “Hold” and a consensus price target of $115.16.

In other Walt Disney Company (The) news, Director Maria Elena Lagomasino purchased 976 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was bought at an average price of $102.34 per share, with a total value of $99,883.84. Following the completion of the purchase, the director now owns 7,513 shares in the company, valued at approximately $768,880.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Robert A. Iger sold 797,578 shares of the stock in a transaction on Friday, June 9th. The stock was 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 directly 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 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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