The First Eagle Investment Management LLC Continues to Hold Stake in Walt Disney Company (The) (DIS)

The First Eagle Investment Management LLC Continues to Hold Stake in Walt Disney Company (The) (DIS)

First Eagle Investment Management LLC held its position in Walt Disney Company (The) (NYSE:DIS) during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 7,000 shares of the entertainment giant’s stock at the end of the third quarter. First Eagle Investment Management LLC’s holdings in Walt Disney Company (The) were worth $650,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rikoon Group LLC purchased a new position in Walt Disney Company (The) during the third quarter valued at $1,672,000. Olstein Capital Management L.P. increased its position in Walt Disney Company (The) by 12.2% in the third quarter. Olstein Capital Management L.P. now owns 92,000 shares of the entertainment giant’s stock valued at $8,543,000 after buying an additional 10,000 shares during the period. Moisand Fitzgerald Tamayo LLC increased its position in Walt Disney Company (The) by 3.3% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 6,621 shares of the entertainment giant’s stock valued at $615,000 after buying an additional 210 shares during the period. Wedbush Securities Inc. increased its position in Walt Disney Company (The) by 7.5% in the third quarter. Wedbush Securities Inc. now owns 40,934 shares of the entertainment giant’s stock valued at $3,801,000 after buying an additional 2,840 shares during the period. Finally, Ancora Inverness LLC increased its position in Walt Disney Company (The) by 9.2% in the third quarter. Ancora Inverness LLC now owns 27,030 shares of the entertainment giant’s stock valued at $2,510,000 after buying an additional 2,282 shares during the period. 56.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of Walt Disney Company (NYSE:DIS) traded up 0.18% during mid-day trading on Wednesday, hitting $108.16. 7,162,904 shares of the company were exchanged. Walt Disney Company has a 12-month low of $86.25 and a 12-month high of $109.49. The company has a market capitalization of $172.13 billion, a price-to-earnings ratio of 18.88 and a beta of 1.23. The firm has a 50 day moving average of $104.76 and a 200 day moving average of $97.45.

Walt Disney Company (The) (NYSE:DIS) last released its earnings results on Thursday, November 10th. The entertainment giant reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.16 by $0.06. Walt Disney Company (The) had a net margin of 16.88% and a return on equity of 19.81%. The business earned $13.14 billion during the quarter, compared to the consensus estimate of $13.71 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. The business’s revenue was down 2.7% on a year-over-year basis. Equities research analysts forecast that Walt Disney Company will post $5.92 earnings per share for the current year.

The firm also recently announced a semiannual dividend, which was paid on Wednesday, January 11th. Shareholders of record on Monday, December 12th were given a $0.78 dividend. This represents a yield of 1.58%. The ex-dividend date of this dividend was Thursday, December 8th. This is a boost from Walt Disney Company (The)’s previous semiannual dividend of $0.71. Walt Disney Company (The)’s payout ratio is currently 27.27%.

Several research analysts have recently weighed in on the stock. Citigroup Inc. lifted their target price on shares of Walt Disney Company (The) to $124.00 in a research report on Wednesday. Needham & Company LLC reaffirmed a “hold” rating on shares of Walt Disney Company (The) in a research report on Wednesday. BMO Capital Markets downgraded shares of Walt Disney Company (The) from a “market perform” rating to an “underperform” rating and lowered their price objective for the company from $107.97 to $88.00 in a research report on Wednesday. Loop Capital reaffirmed a “buy” rating and set a $117.00 price objective (up from $113.00) on shares of Walt Disney Company (The) in a research report on Tuesday. Finally, Goldman Sachs Group, Inc. (The) raised shares of Walt Disney Company (The) from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $109.00 to $134.00 in a research report on Tuesday. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $111.84.

In other Walt Disney Company (The) news, EVP Alan N. Braverman sold 19,871 shares of Walt Disney Company (The) stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $99.00, for a total value of $1,967,229.00. Following the transaction, the executive vice president now owns 135,614 shares in the company, valued at $13,425,786. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 2,000 shares of Walt Disney Company (The) stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $108.50, for a total value of $217,000.00. Following the completion of the transaction, the executive vice president now owns 27,745 shares in the company, valued at approximately $3,010,332.50. 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.

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