Summit Global Investments boosted its stake in shares of Walt Disney Company (The) (NYSE:DIS) by 8.1% during the first quarter, Holdings Channel reports. The institutional investor owned 25,744 shares of the entertainment giant’s stock after buying an additional 1,930 shares during the period. Summit Global Investments’ holdings in Walt Disney Company (The) were worth $2,919,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Thomas J. Herzfeld Advisors Inc. purchased a new position in Walt Disney Company (The) during the fourth quarter valued at $110,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in Walt Disney Company (The) during the first quarter valued at $144,000. Feltz Wealth PLAN Inc. purchased a new position in Walt Disney Company (The) during the first quarter valued at $173,000. Cordasco Financial Network boosted 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 in the last quarter. Finally, Paradigm Financial Advisors LLC purchased a new position in Walt Disney Company (The) during the first quarter valued at $205,000. 62.34% of the stock is owned by institutional investors and hedge funds.

Walt Disney Company (DIS) traded up 0.172% during mid-day trading on Monday, hitting $102.165. The stock had a trading volume of 1,723,562 shares. The firm has a market cap of $157.69 billion, a PE ratio of 18.121 and a beta of 1.40. The company’s 50 day moving average price is $106.08 and its 200 day moving average price is $109.24. Walt Disney Company has a 52 week low of $90.32 and a 52 week high of $116.10.

Walt Disney Company (The) (NYSE:DIS) last announced its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.05. The company had revenue of $14.24 billion for the quarter, compared to analysts’ expectations of $14.44 billion. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. Walt Disney Company (The)’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the firm posted $1.62 EPS. Analysts anticipate that Walt Disney Company will post $5.89 earnings per share for the current year.

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, July 27th. Investors 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 27.56%.

WARNING: “Summit Global Investments Has $2.92 Million Position in Walt Disney Company (The) (NYSE:DIS)” was published by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.watchlistnews.com/summit-global-investments-has-2-92-million-position-in-walt-disney-company-the-nysedis/1487036.html.

A number of equities analysts have commented on the stock. Loop Capital reaffirmed a “hold” rating and set a $108.00 price objective on shares of Walt Disney Company (The) in a research report on Thursday. BMO Capital Markets reaffirmed an “underperform” rating and set a $90.00 price objective (down from $95.00) on shares of Walt Disney Company (The) in a research report on Thursday. Goldman Sachs Group, Inc. (The) set a $133.00 price objective on shares of Walt Disney Company (The) and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $109.00 price objective on shares of Walt Disney Company (The) in a research report on Thursday. Finally, Cowen and Company reaffirmed a “hold” rating and set a $95.00 price objective on shares of Walt Disney Company (The) in a research report on Thursday. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seventeen have given a buy rating to the company’s stock. Walt Disney Company (The) currently has a consensus rating of “Hold” and a consensus target price of $115.19.

In other news, Director Maria Elena Lagomasino acquired 976 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average cost of $102.34 per share, with a total value of $99,883.84. Following the acquisition, the director now owns 7,513 shares in the company, valued at approximately $768,880.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the chairman now directly owns 1,566,484 shares in the company, valued at $164,621,803.56. The disclosure for this sale can be found here. Company 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.

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Company (The) (NYSE:DIS).

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

Receive News & Ratings for Walt Disney Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.