Roanoke Asset Management Corp NY reduced its stake in Walt Disney Company (The) (NYSE:DIS) by 5.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,537 shares of the entertainment giant’s stock after selling 2,520 shares during the period. Walt Disney Company (The) comprises 2.1% of Roanoke Asset Management Corp NY’s portfolio, making the stock its 13th largest position. Roanoke Asset Management Corp NY’s holdings in Walt Disney Company (The) were worth $4,413,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Reilly Financial Advisors LLC increased its position in Walt Disney Company (The) by 4.5% in the second quarter. Reilly Financial Advisors LLC now owns 24,354 shares of the entertainment giant’s stock valued at $2,588,000 after buying an additional 1,058 shares during the period. Prospera Financial Services Inc boosted its stake in shares of Walt Disney Company (The) by 8.5% in the second quarter. Prospera Financial Services Inc now owns 11,268 shares of the entertainment giant’s stock valued at $1,177,000 after buying an additional 883 shares in the last quarter. Founders Capital Management boosted its stake in shares of Walt Disney Company (The) by 0.8% in the second quarter. Founders Capital Management now owns 20,271 shares of the entertainment giant’s stock valued at $2,154,000 after buying an additional 155 shares in the last quarter. Bennicas & Associates Inc. boosted its stake in shares of Walt Disney Company (The) by 0.7% in the second quarter. Bennicas & Associates Inc. now owns 21,945 shares of the entertainment giant’s stock valued at $2,332,000 after buying an additional 150 shares in the last quarter. Finally, BTIM Corp. boosted its stake in shares of Walt Disney Company (The) by 7.3% in the second quarter. BTIM Corp. now owns 17,744 shares of the entertainment giant’s stock valued at $1,885,000 after buying an additional 1,205 shares in the last quarter. 62.34% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Walt Disney Company (DIS) traded up 0.3592% during trading on Tuesday, hitting $101.7642. 2,736,572 shares of the company traded hands. Walt Disney Company has a 52-week low of $90.32 and a 52-week high of $116.10. The company has a 50-day moving average of $105.99 and a 200-day moving average of $109.21. The stock has a market capitalization of $157.07 billion, a PE ratio of 18.0497 and a beta of 1.40.

Walt Disney Company (The) (NYSE:DIS) last announced its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, topping the Zacks’ 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 business had revenue of $14.24 billion during the quarter, compared to the consensus estimate of $14.44 billion. During the same period in the previous year, the company posted $1.62 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis. Equities analysts expect that Walt Disney Company will post $5.89 EPS for the current year.

The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, July 27th. Stockholders of record on Monday, July 10th were given a dividend of $0.78 per share. The ex-dividend date was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio is presently 27.56%.

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DIS has been the topic of several research reports. Goldman Sachs Group, Inc. (The) set a $134.00 price target on shares of Walt Disney Company (The) and gave the stock a “buy” rating in a research report on Saturday, May 20th. Macquarie cut shares of Walt Disney Company (The) from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $90.32 to $105.00 in a research report on Wednesday, May 17th. Deutsche Bank AG restated a “buy” rating and issued a $125.00 price target (down previously from $130.00) on shares of Walt Disney Company (The) in a research report on Monday, May 15th. Zacks Investment Research cut shares of Walt Disney Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Rosenblatt Securities boosted their price target on shares of Walt Disney Company (The) from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, May 8th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and seventeen have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $115.19.

In other Walt Disney Company (The) news, Director Maria Elena Lagomasino bought 976 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average price of $102.34 per share, for a total transaction of $99,883.84. Following the completion of the purchase, the director now directly owns 7,513 shares in the company, valued at $768,880.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Robert A. Iger sold 797,578 shares of the business’s stock in a transaction that occurred 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 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. 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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