MEMBERS Trust Co Invests $468,000 in Walt Disney Company (The) (DIS)
MEMBERS Trust Co purchased a new position in shares of Walt Disney Company (The) (NYSE:DIS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,129 shares of the entertainment giant’s stock, valued at approximately $468,000.
Other hedge funds and 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 approximately $110,000. Sumitomo Mitsui Financial Group Inc. bought a new position in Walt Disney Company (The) during the first quarter worth approximately $144,000. Feltz Wealth PLAN Inc. bought a new position in Walt Disney Company (The) during the first quarter worth approximately $173,000. Cordasco Financial Network increased 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 bought a new position in Walt Disney Company (The) during the first quarter worth approximately $200,000. 62.42% of the stock is owned by institutional investors and hedge funds.
Walt Disney Company (NYSE DIS) traded up 0.311% during midday trading on Friday, reaching $101.665. The company had a trading volume of 2,473,593 shares. The stock has a market capitalization of $156.92 billion, a PE ratio of 18.032 and a beta of 1.40. Walt Disney Company has a 12-month low of $90.32 and a 12-month high of $116.10. The company has a 50-day moving average of $106.14 and a 200-day moving average of $109.28.
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, 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 during the quarter, compared to analysts’ expectations of $14.44 billion. During the same quarter in the previous year, the business earned $1.62 earnings per share. The company’s revenue was down .3% on a year-over-year basis. On average, analysts predict that Walt Disney Company will post $5.90 EPS for the current fiscal year.
The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, July 27th. Stockholders 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 is currently 27.56%.
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Several research analysts have commented on the company. Zacks Investment Research downgraded Walt Disney Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Macquarie reissued a “neutral” rating on shares of Walt Disney Company (The) in a research note on Wednesday, May 10th. Morgan Stanley reissued an “overweight” rating and set a $130.00 target price on shares of Walt Disney Company (The) in a research note on Wednesday, June 21st. Wells Fargo & Company reissued a “market perform” rating and set a $111.00 target price on shares of Walt Disney Company (The) in a research note on Wednesday, May 10th. Finally, BidaskClub downgraded Walt Disney Company (The) from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seventeen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $115.19.
In other news, Chairman Robert A. Iger sold 797,578 shares of the business’s 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 owns 1,566,484 shares in the company, valued at $164,621,803.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is owned by insiders.
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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