Sit Investment Associates Inc. boosted its position in Walt Disney Company (The) (NYSE:DIS) by 40.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,115 shares of the entertainment giant’s stock after buying an additional 84,815 shares during the period. Sit Investment Associates Inc.’s holdings in Walt Disney Company (The) were worth $31,356,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DIS. Harwood Advisory Group LLC raised its position in shares of Walt Disney Company (The) by 0.6% in the second quarter. Harwood Advisory Group LLC now owns 2,071 shares of the entertainment giant’s stock worth $220,000 after buying an additional 12 shares during the period. HM Capital Management LLC raised its position 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 worth $305,000 after buying an additional 14 shares during the period. Barton Investment Management raised its position 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 worth $876,000 after buying an additional 20 shares during the period. Mutual of Omaha Bank Wealth Management raised its position 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 worth $519,000 after buying an additional 30 shares during the period. Finally, Youngs Advisory Group Inc. raised its position in shares of Walt Disney Company (The) by 0.5% in the second quarter. Youngs Advisory Group Inc. now owns 5,797 shares of the entertainment giant’s stock worth $616,000 after buying an additional 30 shares during the period. Institutional investors own 62.42% of the company’s stock.

Walt Disney Company (NYSE DIS) traded down 0.909% on Thursday, hitting $101.895. The stock had a trading volume of 4,954,871 shares. Walt Disney Company has a 52-week low of $90.32 and a 52-week high of $116.10. The company has a market cap of $159.16 billion, a P/E ratio of 18.073 and a beta of 1.40. The stock’s 50-day moving average is $106.24 and its 200-day moving average is $109.34. Walt Disney Company (The) also saw unusually large options trading activity on Monday. Traders acquired 26,917 put options on the company. This represents an increase of 352% compared to the average daily volume of 5,955 put options.

Walt Disney Company (The) (NYSE:DIS) last posted its earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.05. The company had revenue of $14.24 billion during the quarter, compared to analyst estimates of $14.44 billion. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.57%. Walt Disney Company (The)’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the business posted $1.62 earnings per share. Analysts expect that Walt Disney Company will post $5.90 earnings per share for the current year.

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, July 27th. Stockholders of record on Monday, July 10th were issued a dividend of $0.78 per share. 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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A number of brokerages have recently weighed in 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 research note on Saturday, June 24th. Piper Jaffray Companies set a $130.00 price objective on Walt Disney Company (The) and gave the stock a “buy” rating in a research note on Wednesday. Credit Suisse Group restated an “outperform” rating and set a $120.00 price objective (down previously from $125.00) on shares of Walt Disney Company (The) in a research note on Wednesday. FBR & Co lowered 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. Finally, BidaskClub lowered Walt Disney Company (The) from a “buy” rating to a “hold” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $115.58.

In other news, Chairman Robert A. Iger sold 797,578 shares of the stock in a transaction dated Friday, June 9th. The shares were 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 directly owns 1,566,484 shares in the company, valued at $164,621,803.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.38% of the company’s stock.

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

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