State Street Corp boosted its position in Walt Disney Company (The) (NYSE:DIS) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,739,871 shares of the entertainment giant’s stock after buying an additional 456,053 shares during the period. Walt Disney Company (The) comprises approximately 0.7% of State Street Corp’s investment portfolio, making the stock its 25th largest position. State Street Corp’s holdings in Walt Disney Company (The) were worth $7,681,023,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. HM Capital Management LLC raised 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 worth $305,000 after buying an additional 14 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Walt Disney Company (The) during the first quarter worth approximately $1,270,000. Triangle Securities Wealth Management raised 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 worth $3,180,000 after buying an additional 135 shares in the last quarter. Kentucky Retirement Systems purchased a new position in shares of Walt Disney Company (The) during the fourth quarter worth approximately $11,073,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Walt Disney Company (The) during the fourth quarter worth approximately $4,940,000. Hedge funds and other institutional investors own 62.42% of the company’s stock.

Shares of Walt Disney Company (NYSE:DIS) traded up 0.63% during mid-day trading on Friday, reaching $101.99. 9,410,408 shares of the company were exchanged. Walt Disney Company has a 12 month low of $90.32 and a 12 month high of $116.10. The firm has a 50-day moving average price of $106.08 and a 200 day moving average price of $109.24. The stock has a market capitalization of $157.42 billion, a P/E ratio of 18.09 and a beta of 1.40.

Walt Disney Company (The) (NYSE:DIS) last announced its quarterly earnings results 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. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The firm had revenue of $14.24 billion for the quarter, compared to analyst estimates of $14.44 billion. During the same quarter in the previous year, the firm posted $1.62 earnings per share. The business’s revenue was down .3% on a year-over-year basis. Equities research analysts anticipate that Walt Disney Company will post $5.90 EPS for the current fiscal year.

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

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DIS has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Walt Disney Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Credit Suisse Group restated a “buy” rating and issued a $125.00 target price on shares of Walt Disney Company (The) in a research note on Sunday, May 28th. Morgan Stanley upped their target price on shares of Walt Disney Company (The) from $124.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, April 20th. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating and issued a $138.00 target price on shares of Walt Disney Company (The) in a research note on Wednesday, April 26th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $125.00 target price (down previously from $130.00) on shares of Walt Disney Company (The) in a research note on Monday, May 15th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $115.19.

In other Walt Disney Company (The) news, Chairman Robert A. Iger sold 797,578 shares of Walt Disney Company (The) stock in a transaction that occurred on 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 owns 1,566,484 shares of the company’s stock, valued at $164,621,803.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Maria Elena Lagomasino purchased 976 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was bought at an average cost of $102.34 per share, for a total transaction of $99,883.84. Following the purchase, the director now owns 7,513 shares of the company’s stock, valued at approximately $768,880.42. The disclosure for this purchase can be found here. Insiders own 0.38% 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.

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

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