Sumitomo Mitsui Financial Group Inc. Purchases Shares of 1,271 Walt Disney Company (The) (NYSE:DIS)

Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of Walt Disney Company (The) (NYSE:DIS) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 1,271 shares of the entertainment giant’s stock, valued at approximately $144,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. HM Capital Management LLC boosted its stake in shares of Walt Disney Company (The) by 0.5% during the 1st quarter. HM Capital Management LLC now owns 2,690 shares of the entertainment giant’s stock worth $305,000 after acquiring an additional 14 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Walt Disney Company (The) in the first quarter valued at $1,270,000. State Treasurer State of Michigan raised its holdings in shares of Walt Disney Company (The) by 73.3% during the first quarter. State Treasurer State of Michigan now owns 1,355,053 shares of the entertainment giant’s stock worth $153,649,000 after acquiring an additional 573,000 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of Walt Disney Company (The) by 1.4% during the first quarter. Mutual of America Capital Management LLC now owns 175,248 shares of the entertainment giant’s stock worth $19,871,000 after acquiring an additional 2,351 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Walt Disney Company (The) during the first quarter worth $450,000. 61.48% of the stock is owned by hedge funds and other institutional investors.

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In related news, Director Maria Elena Lagomasino acquired 976 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of $102.34 per share, with a total value of $99,883.84. Following the purchase, the director now directly owns 7,513 shares in the company, valued at $768,880.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.38% of the stock is owned by corporate insiders.

Walt Disney Company (DIS) traded up 0.4902% on Friday, reaching $98.3799. 6,433,128 shares of the company traded hands. The company has a market capitalization of $151.85 billion, a PE ratio of 17.4494 and a beta of 1.42. The stock has a 50-day moving average of $102.91 and a 200 day moving average of $107.75. Walt Disney Company has a 52-week low of $90.32 and a 52-week high of $116.10.

Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.05. The business had revenue of $14.24 billion for 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 19.69%. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the business posted $1.62 EPS. On average, equities analysts forecast that Walt Disney Company will post $5.82 EPS for the current year.

Several research firms have weighed in on DIS. BMO Capital Markets restated an “underperform” rating and set a $90.00 target price (down from $95.00) on shares of Walt Disney Company (The) in a report on Thursday, August 10th. Loop Capital restated a “hold” rating and set a $108.00 target price on shares of Walt Disney Company (The) in a report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) set a $133.00 target price on Walt Disney Company (The) and gave the company a “buy” rating in a report on Wednesday, August 9th. Wells Fargo & Company restated a “market perform” rating and set a $109.00 target price on shares of Walt Disney Company (The) in a report on Thursday, August 10th. Finally, BidaskClub lowered Walt Disney Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-one have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $113.98.

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.

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

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