Westchester Capital Management Inc. Decreases Position in Walt Disney Company (The) (NYSE:DIS)

Westchester Capital Management Inc. lessened its position in shares of Walt Disney Company (The) (NYSE:DIS) by 1.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,260 shares of the entertainment giant’s stock after selling 990 shares during the quarter. Walt Disney Company (The) comprises 3.9% of Westchester Capital Management Inc.’s portfolio, making the stock its 11th biggest holding. Westchester Capital Management Inc.’s holdings in Walt Disney Company (The) were worth $8,194,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. HM Capital Management LLC grew its holdings in 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 valued at $305,000 after buying an additional 14 shares in the last quarter. Barton Investment Management boosted its holdings in shares of Walt Disney Company (The) by 0.3% in the 1st quarter. Barton Investment Management now owns 7,732 shares of the entertainment giant’s stock worth $876,000 after purchasing an additional 20 shares during the period. Mutual of Omaha Bank Wealth Management boosted its holdings in shares of Walt Disney Company (The) by 0.7% in the 1st quarter. Mutual of Omaha Bank Wealth Management now owns 4,570 shares of the entertainment giant’s stock worth $519,000 after purchasing an additional 30 shares during the period. Cordasco Financial Network boosted its holdings in shares of Walt Disney Company (The) by 2.4% in the 1st quarter. Cordasco Financial Network now owns 1,549 shares of the entertainment giant’s stock worth $176,000 after purchasing an additional 37 shares during the period. Finally, West Oak Capital LLC boosted its holdings in shares of Walt Disney Company (The) by 0.6% in the 1st quarter. West Oak Capital LLC now owns 7,744 shares of the entertainment giant’s stock worth $878,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 61.48% of the company’s stock.

DIS has been the subject of a number of recent research reports. Piper Jaffray Companies reiterated an “overweight” rating and issued a $130.00 target price on shares of Walt Disney Company (The) in a report on Friday, May 19th. BMO Capital Markets reiterated a “sell” rating and issued a $95.00 target price on shares of Walt Disney Company (The) in a report on Friday, May 19th. Goldman Sachs Group, Inc. (The) set a $134.00 target price on Walt Disney Company (The) and gave the stock a “buy” rating in a report on Saturday, May 20th. Wells Fargo & Company reiterated a “market perform” rating and issued a $111.00 target price on shares of Walt Disney Company (The) in a report on Thursday, May 25th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $125.00 target price on shares of Walt Disney Company (The) in a report on Sunday, May 28th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-one have assigned a buy rating to the stock. Walt Disney Company (The) has an average rating of “Hold” and a consensus price target of $113.98.

Shares of Walt Disney Company (DIS) traded up 0.63% during mid-day trading on Friday, hitting $98.52. The stock had a trading volume of 23,870,293 shares. Walt Disney Company has a 52-week low of $90.32 and a 52-week high of $116.10. The firm has a 50 day moving average price of $102.58 and a 200 day moving average price of $107.67. The firm has a market cap of $152.06 billion, a PE ratio of 17.47 and a beta of 1.42.

Walt Disney Company (The) (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. The firm had revenue of $14.24 billion for the quarter, compared to analyst estimates of $14.44 billion. During the same quarter last year, the company posted $1.62 earnings per share. The business’s revenue was down .3% on a year-over-year basis. Equities analysts predict that Walt Disney Company will post $5.82 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This piece of content was reported by BBNS and is the sole property of of BBNS. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://baseballnewssource.com/markets/walt-disney-company-the-dis-stake-lowered-by-westchester-capital-management-inc/1566560.html.

In related news, Director Maria Elena Lagomasino purchased 976 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average price of $102.34 per share, with a total value of $99,883.84. Following the completion of the acquisition, the director now directly owns 7,513 shares in the company, valued at approximately $768,880.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company 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.

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

Receive News & Ratings for Walt Disney Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney Company (The) and related companies with our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.