Searle & CO. raised its stake in Walt Disney Company (The) (NYSE:DIS) by 4.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,890 shares of the entertainment giant’s stock after buying an additional 850 shares during the period. Walt Disney Company (The) makes up about 1.6% of Searle & CO.’s investment portfolio, making the stock its 14th largest position. Searle & CO.’s holdings in Walt Disney Company (The) were worth $2,255,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DIS. HM Capital Management LLC boosted 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 valued at $305,000 after buying an additional 14 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Walt Disney Company (The) during the first quarter valued at about $1,270,000. Triangle Securities Wealth Management boosted its position in shares of Walt Disney Company (The) by 0.5% in the first quarter. Triangle Securities Wealth Management now owns 28,049 shares of the entertainment giant’s stock valued at $3,180,000 after buying an additional 135 shares during the period. State Treasurer State of Michigan boosted its position in shares of Walt Disney Company (The) by 73.3% in the first quarter. State Treasurer State of Michigan now owns 1,355,053 shares of the entertainment giant’s stock valued at $153,649,000 after buying an additional 573,000 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Walt Disney Company (The) during the first quarter valued at about $450,000. Hedge funds and other institutional investors own 61.46% of the company’s stock.

Shares of Walt Disney Company (NYSE DIS) traded down 0.03% during trading on Monday, hitting $102.38. The company had a trading volume of 993,180 shares. The stock’s 50-day moving average is $104.96 and its 200 day moving average is $108.67. Walt Disney Company has a 52-week low of $90.32 and a 52-week high of $116.10. The firm has a market capitalization of $158.02 billion, a P/E ratio of 18.16 and a beta of 1.40.

Walt Disney Company (The) (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, topping 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 19.69%. The company had revenue of $14.24 billion for the quarter, compared to the consensus estimate of $14.44 billion. During the same period in the previous year, the firm earned $1.62 EPS. Walt Disney Company (The)’s revenue was down .3% on a year-over-year basis. Equities research analysts predict that Walt Disney Company will post $5.88 earnings per share for the current fiscal year.

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DIS has been the topic of several research analyst reports. BidaskClub raised Walt Disney Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Credit Suisse Group reissued a “buy” rating and issued a $125.00 price objective on shares of Walt Disney Company (The) in a research note on Sunday, May 28th. Macquarie cut Walt Disney Company (The) from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $90.32 to $105.00 in a research note on Wednesday, May 17th. Deutsche Bank AG reissued a “buy” rating and issued a $125.00 price objective (down previously from $130.00) on shares of Walt Disney Company (The) in a research note on Monday, May 15th. Finally, 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 Tuesday, August 22nd. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $114.61.

In other Walt Disney Company (The) news, Chairman Robert A. Iger sold 797,578 shares of the business’s 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maria Elena Lagomasino purchased 976 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were bought at an average price of $102.34 per share, for a total transaction of $99,883.84. Following the completion of the transaction, the director now directly owns 7,513 shares in the company, valued at approximately $768,880.42. The disclosure for this purchase can be found here. 13.00% of the stock is currently owned by 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.

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

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