Navellier & Associates Inc Sells 300 Shares of Walt Disney Company (The) (DIS)

Navellier & Associates Inc cut its position in Walt Disney Company (The) (NYSE:DIS) by 1.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,200 shares of the entertainment giant’s stock after selling 300 shares during the period. Navellier & Associates Inc’s holdings in Walt Disney Company (The) were worth $2,517,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of DIS. State Street Corp boosted its position in shares of Walt Disney Company (The) by 3.3% in the fourth quarter. State Street Corp now owns 67,283,818 shares of the entertainment giant’s stock worth $7,013,903,000 after buying an additional 2,122,112 shares during the last quarter. FMR LLC boosted its position in shares of Walt Disney Company (The) by 11.7% in the fourth quarter. FMR LLC now owns 34,148,450 shares of the entertainment giant’s stock worth $3,558,951,000 after buying an additional 3,579,822 shares during the last quarter. Norges Bank bought a new position in shares of Walt Disney Company (The) during the fourth quarter worth about $1,507,183,000. Franklin Resources Inc. boosted its position in shares of Walt Disney Company (The) by 4.2% in the fourth quarter. Franklin Resources Inc. now owns 4,799,563 shares of the entertainment giant’s stock worth $500,216,000 after buying an additional 194,040 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Walt Disney Company (The) by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,416,104 shares of the entertainment giant’s stock worth $460,265,000 after buying an additional 96,169 shares during the last quarter. 63.74% of the stock is currently owned by institutional investors.

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

Walt Disney Company (DIS) opened at 105.51 on Friday. Walt Disney Company has a 52-week low of $90.32 and a 52-week high of $116.10. The firm has a market cap of $165.11 billion, a PE ratio of 18.40 and a beta of 1.39. The company’s 50 day moving average price is $108.52 and its 200 day moving average price is $109.02.

Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings results on Tuesday, May 9th. The entertainment giant reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.05. Walt Disney Company (The) had a return on equity of 19.81% and a net margin of 16.63%. The business had revenue of $13.34 billion during the quarter, compared to analysts’ expectations of $13.44 billion. During the same quarter last year, the company posted $1.36 earnings per share. Walt Disney Company (The)’s quarterly revenue was up 2.8% on a year-over-year basis. Analysts predict that Walt Disney Company will post $5.95 earnings per share for the current fiscal year.

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A number of brokerages recently issued reports on DIS. Royal Bank Of Canada set a $130.00 target price on Walt Disney Company (The) and gave the stock a “buy” rating in a report on Monday, June 12th. Moffett Nathanson restated a “buy” rating on shares of Walt Disney Company (The) in a report on Friday, June 9th. Credit Suisse Group restated a “buy” rating and issued a $125.00 target price on shares of Walt Disney Company (The) in a report on Sunday, May 28th. Wells Fargo & Company restated 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, 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. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $116.49.

In other Walt Disney Company (The) news, EVP Brent Woodford sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 18th. The shares were sold at an average price of $114.50, for a total transaction of $229,000.00. Following the completion of the sale, the executive vice president now directly owns 27,745 shares in the company, valued at $3,176,802.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan E. Arnold sold 12,143 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $109.02, for a total transaction of $1,323,829.86. Following the sale, the director now owns 48,673 shares of the company’s stock, valued at $5,306,330.46. The disclosure for this sale can be found here. Insiders have sold 811,721 shares of company stock valued at $85,370,302 over the last 90 days. 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.

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