AE Wealth Management LLC Acquires 2,864 Shares of Walt Disney Company (The) (NYSE:DIS)

AE Wealth Management LLC raised its stake in shares of Walt Disney Company (The) (NYSE:DIS) by 144.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,846 shares of the entertainment giant’s stock after buying an additional 2,864 shares during the period. AE Wealth Management LLC’s holdings in Walt Disney Company (The) were worth $549,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in shares of Walt Disney Company (The) during the fourth quarter valued at approximately $1,507,183,000. Viking Global Investors LP acquired a new position in shares of Walt Disney Company (The) during the fourth quarter valued at approximately $250,510,000. Acadian Asset Management LLC boosted its position in shares of Walt Disney Company (The) by 88.8% in the first quarter. Acadian Asset Management LLC now owns 3,345,124 shares of the entertainment giant’s stock valued at $379,305,000 after buying an additional 1,573,215 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Walt Disney Company (The) by 33.5% in the fourth quarter. Teachers Advisors LLC now owns 3,553,068 shares of the entertainment giant’s stock valued at $370,301,000 after buying an additional 892,390 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in shares of Walt Disney Company (The) by 8,245.5% in the first quarter. Canada Pension Plan Investment Board now owns 670,726 shares of the entertainment giant’s stock valued at $76,054,000 after buying an additional 662,689 shares in the last quarter. 62.42% of the stock is owned by institutional investors.

Walt Disney Company (NYSE:DIS) opened at 106.35 on Tuesday. The stock’s 50 day moving average is $106.01 and its 200-day moving average is $109.39. The firm has a market capitalization of $166.42 billion, a price-to-earnings ratio of 18.55 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) also was the target of unusually large options trading activity on Monday. Stock traders acquired 26,917 put options on the company. This is an increase of approximately 352% compared to the typical daily volume of 5,955 put options.

Walt Disney Company (The) (NYSE:DIS) last released its quarterly earnings data on Tuesday, May 9th. The entertainment giant reported $1.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.05. Walt Disney Company (The) had a net margin of 16.63% and a return on equity of 19.81%. The business had revenue of $13.34 billion for the quarter, compared to analysts’ expectations of $13.44 billion. During the same quarter last year, the company earned $1.36 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities research analysts expect that Walt Disney Company will post $5.90 EPS for the current year.

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, July 27th. Investors 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 (DPR) is presently 27.18%.

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Several equities analysts have commented on DIS shares. Goldman Sachs Group, Inc. (The) set a $134.00 price target on shares of Walt Disney Company (The) and gave the company 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 raised their price target for the company from $90.32 to $105.00 in a research report on Wednesday, May 17th. Deutsche Bank AG reissued 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 raised their price target on shares of Walt Disney Company (The) from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Monday, May 8th. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $115.95.

In related news, Director Susan E. Arnold sold 12,143 shares of the stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $109.02, for a total value of $1,323,829.86. Following the sale, the director now owns 48,673 shares of the company’s stock, valued at approximately $5,306,330.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Robert A. Iger sold 797,578 shares of the 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 completion of the sale, the chairman now directly owns 1,566,484 shares in the company, valued at approximately $164,621,803.56. The disclosure for this sale can be found here. 13.00% of the stock is owned by company 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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