Hendley & Co. Inc. increased its position in shares of Walt Disney Company (The) (NYSE:DIS) by 0.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,588 shares of the entertainment giant’s stock after buying an additional 345 shares during the period. Walt Disney Company (The) accounts for approximately 5.6% of Hendley & Co. Inc.’s investment portfolio, making the stock its 2nd largest position. Hendley & Co. Inc.’s holdings in Walt Disney Company (The) were worth $9,365,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Walt Disney Company (The) during the fourth quarter worth $110,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Walt Disney Company (The) during the first quarter worth $144,000. Feltz Wealth PLAN Inc. bought a new stake in shares of Walt Disney Company (The) during the first quarter worth $173,000. 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 worth $176,000 after buying an additional 37 shares in the last quarter. Finally, Paragon Capital Management Ltd bought a new stake in shares of Walt Disney Company (The) during the first quarter worth $200,000. 62.34% of the stock is owned by institutional investors and hedge funds.

Walt Disney Company (NYSE:DIS) traded up 0.59% on Wednesday, hitting $102.11. 1,961,012 shares of the stock traded hands. The stock has a 50 day moving average of $105.88 and a 200 day moving average of $109.16. The firm has a market capitalization of $157.60 billion, a PE ratio of 18.11 and a beta of 1.40. 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 earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.05. The company had revenue of $14.24 billion during the quarter, compared to the consensus estimate of $14.44 billion. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.62 earnings per share. Equities research analysts anticipate that Walt Disney Company will post $5.89 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 $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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A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Walt Disney Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Macquarie reissued a “neutral” rating on shares of Walt Disney Company (The) in a report on Wednesday, May 10th. Morgan Stanley reissued an “overweight” rating and issued a $130.00 price target on shares of Walt Disney Company (The) in a report on Wednesday, June 21st. Wells Fargo & Company reissued a “market perform” rating and issued a $111.00 price target on shares of Walt Disney Company (The) in a report on Wednesday, May 10th. Finally, BidaskClub lowered shares of Walt Disney Company (The) from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and seventeen have issued a buy rating to the company’s stock. Walt Disney Company (The) presently has a consensus rating of “Hold” and a consensus price target of $115.16.

In related news, Director Maria Elena Lagomasino acquired 976 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of $102.34 per share, for a total transaction of $99,883.84. Following the completion of the acquisition, the director now owns 7,513 shares of the company’s stock, valued at approximately $768,880.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Robert A. Iger sold 797,578 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $105.09, for a total transaction of $83,817,472.02. Following the sale, the chairman now owns 1,566,484 shares of the company’s stock, valued at approximately $164,621,803.56. The disclosure for this sale can be found here. Corporate insiders own 13.00% 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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