Destination Wealth Management boosted its position in shares of Walt Disney Company (The) (NYSE:DIS) by 2.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 185,669 shares of the entertainment giant’s stock after buying an additional 4,733 shares during the period. Walt Disney Company (The) comprises approximately 1.4% of Destination Wealth Management’s investment portfolio, making the stock its 22nd largest position. Destination Wealth Management’s holdings in Walt Disney Company (The) were worth $21,053,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the stock. HM Capital Management LLC raised its stake in shares of Walt Disney Company (The) by 0.5% in the first quarter. HM Capital Management LLC now owns 2,690 shares of the entertainment giant’s stock valued at $305,000 after buying an additional 14 shares in the last quarter. Barton Investment Management raised its stake in shares of Walt Disney Company (The) by 0.3% in the first quarter. Barton Investment Management now owns 7,732 shares of the entertainment giant’s stock valued at $876,000 after buying an additional 20 shares in the last quarter. Mutual of Omaha Bank Wealth Management raised its stake in shares of Walt Disney Company (The) by 0.7% in the first quarter. Mutual of Omaha Bank Wealth Management now owns 4,570 shares of the entertainment giant’s stock valued at $519,000 after buying an additional 30 shares in the last quarter. Cordasco Financial Network raised 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 valued at $176,000 after buying an additional 37 shares in the last quarter. Finally, West Oak Capital LLC raised its stake in shares of Walt Disney Company (The) by 0.6% in the first quarter. West Oak Capital LLC now owns 7,744 shares of the entertainment giant’s stock valued at $878,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 61.46% of the company’s stock.

Walt Disney Company (NYSE:DIS) traded up 0.49% during trading on Friday, reaching $101.70. The company’s stock had a trading volume of 2,088,086 shares. The company has a market cap of $156.97 billion, a price-to-earnings ratio of 18.04 and a beta of 1.40. The stock’s 50 day moving average is $104.80 and its 200 day moving average is $108.47. 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 issued its earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 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 EPS. The business’s revenue for the quarter was down .3% compared to the same quarter last year. On average, equities analysts expect that Walt Disney Company will post $5.88 EPS for the current fiscal year.

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A number of equities analysts have commented on the company. BMO Capital Markets reissued an “underperform” rating and issued a $90.00 price objective (down previously from $95.00) on shares of Walt Disney Company (The) in a research note on Thursday, August 10th. Loop Capital reissued a “hold” rating and issued a $108.00 price objective on shares of Walt Disney Company (The) in a research note on Thursday, August 10th. Goldman Sachs Group, Inc. (The) set a $133.00 price objective on Walt Disney Company (The) and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Wells Fargo & Company reissued a “market perform” rating and issued a $109.00 price objective on shares of Walt Disney Company (The) in a research note on Thursday, August 10th. Finally, FBR & Co reduced their price objective on Walt Disney Company (The) from $114.00 to $112.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 9th. Five investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $114.58.

In other news, Chairman Robert A. Iger sold 797,578 shares of the company’s stock in a transaction on Friday, June 9th. The shares were 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 of the company’s stock, valued at $164,621,803.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Maria Elena Lagomasino purchased 976 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was purchased at an average cost of $102.34 per share, for a total transaction of $99,883.84. Following the acquisition, 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 0.38% 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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