Bridge Creek Capital Management LLC maintained its stake in shares of Walt Disney Company (The) (NYSE:DIS) during the second quarter, Holdings Channel reports. The firm owned 35,284 shares of the entertainment giant’s stock at the end of the second quarter. Walt Disney Company (The) makes up 2.0% of Bridge Creek Capital Management LLC’s portfolio, making the stock its 13th largest position. Bridge Creek Capital Management LLC’s holdings in Walt Disney Company (The) were worth $3,749,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of Walt Disney Company (The) during the fourth quarter valued at approximately $110,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of Walt Disney Company (The) during the first quarter valued at approximately $144,000. Feltz Wealth PLAN Inc. purchased a new position in Walt Disney Company (The) during the first quarter worth about $173,000. 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 during the period. Finally, Paragon Capital Management Ltd purchased a new position in Walt Disney Company (The) during the first quarter worth about $200,000. 62.34% of the stock is currently owned by institutional investors and hedge funds.

Shares of Walt Disney Company (NYSE DIS) traded up 0.360% on Tuesday, reaching $101.765. 2,737,421 shares of the company were exchanged. The firm has a 50 day moving average price of $105.99 and a 200-day moving average price of $109.21. Walt Disney Company has a 12-month low of $90.32 and a 12-month high of $116.10. The stock has a market capitalization of $157.07 billion, a PE ratio of 18.050 and a beta of 1.40.

Walt Disney Company (The) (NYSE:DIS) last announced its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.05. The company had revenue of $14.24 billion for the quarter, compared to analysts’ expectations 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 revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.62 EPS. On average, analysts predict that Walt Disney Company will post $5.89 EPS for the current fiscal 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 dividend of $0.78 per share. The ex-dividend date was Thursday, July 6th. Walt Disney Company (The)’s payout ratio is currently 27.56%.

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A number of research firms have issued reports on DIS. Bank of America Corporation set a $125.00 target price on Walt Disney Company (The) and gave the stock a “hold” rating in a report on Saturday, June 24th. BMO Capital Markets reiterated an “underperform” rating and set a $90.00 target price (down previously from $95.00) on shares of Walt Disney Company (The) in a report on Thursday, August 10th. Piper Jaffray Companies set a $130.00 target price on Walt Disney Company (The) and gave the stock a “buy” rating in a report on Tuesday. Guggenheim reiterated a “buy” rating and set a $122.00 target price (down previously from $128.00) on shares of Walt Disney Company (The) in a report on Wednesday, July 12th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $125.00 target price on shares of Walt Disney Company (The) in a report on Tuesday, July 25th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $115.19.

In other news, Director Maria Elena Lagomasino bought 976 shares of the stock in a transaction on Thursday, August 10th. The shares were acquired at an average cost of $102.34 per share, for a total transaction of $99,883.84. Following the purchase, the director now directly owns 7,513 shares of the company’s stock, valued at approximately $768,880.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Robert A. Iger sold 797,578 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was 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 in the company, valued at $164,621,803.56. The disclosure for this sale can be found here. Corporate insiders own 13.00% of the company’s stock.

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.

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

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