BTIM Corp. raised its position in shares of Walt Disney Company (The) (NYSE:DIS) by 7.3% during the second quarter, Holdings Channel reports. The fund owned 17,744 shares of the entertainment giant’s stock after buying an additional 1,205 shares during the period. BTIM Corp.’s holdings in Walt Disney Company (The) were worth $1,885,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of Walt Disney Company (The) during the fourth quarter worth $110,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of Walt Disney Company (The) during the first quarter worth $144,000. Feltz Wealth PLAN Inc. purchased a new position in shares of Walt Disney Company (The) during the first quarter worth $173,000. Cordasco Financial Network raised its position 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 during the period. Finally, Paradigm Financial Advisors LLC purchased a new position in shares of Walt Disney Company (The) during the first quarter worth $205,000. 62.42% of the stock is owned by institutional investors.

Shares of 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. The firm has a market capitalization of $159.16 billion, a price-to-earnings ratio of 18.073 and a beta of 1.40. Walt Disney Company has a 1-year low of $90.32 and a 1-year high of $116.10. The firm has a 50 day moving average of $106.24 and a 200-day moving average of $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. Equities analysts predict 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 was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio is currently 27.56%.

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A number of equities analysts have recently weighed in on the company. 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 target price on Walt Disney Company (The) and gave the stock a “buy” rating in a research note on Wednesday. Credit Suisse Group reiterated an “outperform” rating and set a $120.00 target price (down previously from $125.00) on shares of Walt Disney Company (The) in a research note on Wednesday. FBR & Co lowered their target price 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 investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the stock. Walt Disney Company (The) 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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