Bristlecone Advisors LLC lowered its position in Walt Disney Company (The) (NYSE:DIS) by 0.8% during the first quarter, Holdings Channel reports. The firm owned 23,630 shares of the entertainment giant’s stock after selling 179 shares during the period. Walt Disney Company (The) makes up about 0.9% of Bristlecone Advisors LLC’s investment portfolio, making the stock its 26th largest position. Bristlecone Advisors LLC’s holdings in Walt Disney Company (The) were worth $2,679,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Achmea Investment Management B.V. purchased a new stake in Walt Disney Company (The) during the first quarter worth approximately $15,560,000. North Star Asset Management Inc. increased its stake in Walt Disney Company (The) by 2.8% in the first quarter. North Star Asset Management Inc. now owns 33,579 shares of the entertainment giant’s stock worth $3,808,000 after buying an additional 920 shares during the period. Bank of Nova Scotia increased its stake in Walt Disney Company (The) by 81.4% in the first quarter. Bank of Nova Scotia now owns 669,142 shares of the entertainment giant’s stock worth $75,872,000 after buying an additional 300,209 shares during the period. Brighton Jones LLC increased its stake in Walt Disney Company (The) by 636.7% in the first quarter. Brighton Jones LLC now owns 16,392 shares of the entertainment giant’s stock worth $1,321,000 after buying an additional 14,167 shares during the period. Finally, Meridian Wealth Management LLC increased its stake in Walt Disney Company (The) by 3.8% in the first quarter. Meridian Wealth Management LLC now owns 11,691 shares of the entertainment giant’s stock worth $1,326,000 after buying an additional 425 shares during the period. 62.34% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Company (DIS) traded up 0.47% on Tuesday, hitting $101.88. The stock had a trading volume of 1,793,647 shares. The firm has a market cap of $157.25 billion, a PE ratio of 18.07 and a beta of 1.40. The company’s 50 day moving average is $105.99 and its 200 day moving average is $109.21. Walt Disney Company has a 12-month low of $90.32 and a 12-month high of $116.10.

Walt Disney Company (The) (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 EPS 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 business had revenue of $14.24 billion for the quarter, compared to analysts’ expectations of $14.44 billion. During the same quarter in the previous year, the firm posted $1.62 earnings per share. The company’s revenue was down .3% compared to the same quarter last year. On average, equities research analysts expect 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 $0.78 dividend. The ex-dividend date of this dividend was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio (DPR) is 27.56%.

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A number of research firms recently commented on DIS. 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. Barclays PLC decreased their price target on Walt Disney Company (The) from $102.00 to $98.00 and set an “equal weight” rating for the company in a report on Friday. Zacks Investment Research raised Walt Disney Company (The) from a “sell” rating to a “hold” rating in a report on Friday. 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 report on Thursday, August 10th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $125.00 price target on shares of Walt Disney Company (The) in a report on Thursday, August 10th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seventeen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $115.19.

In related news, Chairman Robert A. Iger sold 797,578 shares of the business’s stock in a transaction dated 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 transaction, the chairman now owns 1,566,484 shares in the company, valued at $164,621,803.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Maria Elena Lagomasino purchased 976 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of $102.34 per share, for a total transaction of $99,883.84. Following the purchase, the director now owns 7,513 shares of the company’s stock, valued at approximately $768,880.42. The disclosure for this purchase can be found here. 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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