Pineno Levin & Ford Asset Management Inc. lowered its position in Walt Disney Company (The) (NYSE:DIS) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,041 shares of the entertainment giant’s stock after selling 890 shares during the period. Walt Disney Company (The) accounts for approximately 4.4% of Pineno Levin & Ford Asset Management Inc.’s investment portfolio, making the stock its largest position. Pineno Levin & Ford Asset Management Inc.’s holdings in Walt Disney Company (The) were worth $9,189,000 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. bought a new stake in shares of Walt Disney Company (The) during the fourth quarter worth $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 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 stake in shares of Walt Disney Company (The) during the first quarter worth $200,000. Finally, Paradigm Financial Advisors LLC bought a new stake in shares of Walt Disney Company (The) during the first quarter worth $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. Walt Disney Company has a 52 week low of $90.32 and a 52 week high of $116.10. The firm has a 50-day moving average of $105.49 and a 200 day moving average of $108.98. The company 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 posted its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share for the quarter, beating 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 the consensus estimate of $14.44 billion. During the same period in the previous year, the firm posted $1.62 earnings per share. The business’s revenue was down .3% compared to the same quarter last year. Equities research analysts predict that Walt Disney Company will post $5.88 EPS for the current year.
The business also recently declared a Semi-Annual dividend, which was paid on Thursday, July 27th. Shareholders of record on Monday, July 10th were paid a $0.78 dividend. 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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Several analysts recently commented on DIS shares. Loop Capital restated a “hold” rating and issued a $107.00 target price (down from $108.00) on shares of Walt Disney Company (The) in a research report on Wednesday. Piper Jaffray Companies set a $130.00 target price on Walt Disney Company (The) and gave the company a “buy” rating in a research report on Tuesday. Barclays PLC lowered their target price on Walt Disney Company (The) from $102.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Friday, August 11th. Zacks Investment Research upgraded Walt Disney Company (The) from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Vetr raised Walt Disney Company (The) from a “hold” rating to a “buy” rating and set a $107.66 price target for the company in a research note on Thursday, August 10th. 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 related news, Director Maria Elena Lagomasino purchased 976 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was purchased at an average cost 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Robert A. Iger sold 797,578 shares of Walt Disney Company (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 directly 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. Insiders own 0.38% of the company’s stock.
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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