Oppenheimer & Co. Inc. Has $16.05 Million Stake in Walt Disney Company (The) (NYSE:DIS)
Oppenheimer & Co. Inc. cut its stake in Walt Disney Company (The) (NYSE:DIS) by 18.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,531 shares of the entertainment giant’s stock after selling 33,058 shares during the period. Oppenheimer & Co. Inc.’s holdings in Walt Disney Company (The) were worth $16,048,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Thomas J. Herzfeld Advisors Inc. acquired a new position in Walt Disney Company (The) during the fourth quarter valued at approximately $110,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in Walt Disney Company (The) during the first quarter valued at approximately $144,000. Feltz Wealth PLAN Inc. acquired a new position in Walt Disney Company (The) during the first quarter valued at 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 valued at $176,000 after buying an additional 37 shares during the period. Finally, Paragon Capital Management Ltd acquired a new position in Walt Disney Company (The) during the first quarter valued at approximately $200,000. 62.42% of the stock is owned by institutional investors.
Shares of Walt Disney Company (NYSE DIS) traded down 0.501% during midday trading on Thursday, hitting $102.315. 2,728,779 shares of the stock were exchanged. Walt Disney Company has a 12 month low of $90.32 and a 12 month high of $116.10. The stock has a market cap of $159.82 billion, a P/E ratio of 18.147 and a beta of 1.40. The firm has a 50 day moving average of $106.24 and a 200-day moving average of $109.34. Walt Disney Company (The) also was the target of some unusual options trading activity on Monday. Stock traders acquired 26,917 put options on the company. This represents an increase of 352% compared to the average volume of 5,955 put options.
Walt Disney Company (The) (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share 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 19.57%. The business had revenue of $14.24 billion for the quarter, compared to analysts’ expectations of $14.44 billion. During the same period last year, the business earned $1.62 EPS. The company’s revenue was down .3% compared to the same quarter last year. Equities research analysts anticipate that Walt Disney Company will post $5.90 EPS for the current year.
The company also recently declared a Semi-Annual dividend, which was paid on Thursday, July 27th. Stockholders of record on Monday, July 10th were issued a $0.78 dividend. The ex-dividend date of this dividend was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio is currently 27.56%.
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Several research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Walt Disney Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Macquarie reaffirmed a “neutral” rating on shares of Walt Disney Company (The) in a report on Wednesday, May 10th. Morgan Stanley reaffirmed an “overweight” rating and issued a $130.00 price objective on shares of Walt Disney Company (The) in a report on Wednesday, June 21st. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $111.00 price objective on shares of Walt Disney Company (The) in a report on Wednesday, May 10th. Finally, BidaskClub downgraded shares of Walt Disney Company (The) from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Six equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Walt Disney Company (The) has an average rating of “Hold” and an average price target of $115.58.
In other news, Chairman Robert A. Iger sold 797,578 shares of the firm’s stock in a transaction dated 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 sale, the chairman now directly owns 1,566,484 shares in the company, valued at approximately $164,621,803.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.38% of the stock is currently owned by company insiders.
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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