The Stralem & Co. Inc. Maintains Stake in Walt Disney Co (DIS)

The Stralem & Co. Inc. Maintains Stake in Walt Disney Co (DIS)

Several other institutional investors have also bought and sold shares of DIS. Gamble Jones Investment Counsel raised its position in Walt Disney by 1.1% in the third quarter. Gamble Jones Investment Counsel now owns 77,785 shares of the entertainment giant’s stock valued at $7,223,000 after buying an additional 825 shares during the last quarter. Swedbank raised its position in Walt Disney by 2.2% in the third quarter. Swedbank now owns 2,729,428 shares of the entertainment giant’s stock valued at $253,455,000 after buying an additional 59,021 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Walt Disney during the third quarter valued at $1,690,000. Advisor Group Inc. raised its position in Walt Disney by 1.9% in the third quarter. Advisor Group Inc. now owns 231,151 shares of the entertainment giant’s stock valued at $21,255,000 after buying an additional 4,355 shares during the last quarter. Finally, Korea Investment CORP raised its position in Walt Disney by 10.0% in the third quarter. Korea Investment CORP now owns 929,801 shares of the entertainment giant’s stock valued at $86,341,000 after buying an additional 84,820 shares during the last quarter. Institutional investors and hedge funds own 58.65% of the company’s stock.

Stralem & Co. Inc. held its position in Walt Disney Co (NYSE:DIS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 268,500 shares of the entertainment giant’s stock at the end of the first quarter. Walt Disney accounts for 3.3% of Stralem & Co. Inc.’s investment portfolio, making the stock its 3rd largest position. Stralem & Co. Inc.’s holdings in Walt Disney were worth $27,983,000 as of its most recent filing with the SEC.

Shares of Walt Disney Co (NYSE:DIS) opened at 107.18 on Monday. The firm has a market capitalization of $167.72 billion, a price-to-earnings ratio of 18.69 and a beta of 1.25. Walt Disney Co has a 52 week low of $90.32 and a 52 week high of $116.10. The stock has a 50 day moving average of $110.90 and a 200-day moving average of $108.55.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, May 9th. The entertainment giant reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.05. The business had revenue of $13.34 billion during the quarter, compared to analysts’ expectations of $13.44 billion. Walt Disney had a net margin of 16.29% and a return on equity of 19.43%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the company posted $1.36 EPS. Analysts expect that Walt Disney Co will post $5.95 earnings per share for the current year.

Several equities analysts recently weighed in on DIS shares. Goldman Sachs Group Inc upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their target price for the company from $109.00 to $134.00 in a report on Tuesday, February 7th. Stifel Nicolaus restated a “hold” rating and set a $100.00 target price on shares of Walt Disney in a report on Wednesday, February 8th. Needham & Company LLC restated a “hold” rating on shares of Walt Disney in a report on Wednesday, February 8th. Guggenheim restated a “neutral” rating and set a $118.00 target price on shares of Walt Disney in a report on Wednesday, February 8th. Finally, Instinet reiterated a “buy” rating on shares of Walt Disney in a report on Wednesday, February 8th. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $116.49. In related news, EVP Brent Woodford sold 2,000 shares of the stock in a transaction dated 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 owns 27,745 shares in the company, valued at approximately $3,176,802.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan E. Arnold sold 12,143 shares of the stock in a transaction dated 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 approximately $5,306,330.46. The disclosure for this sale can be found here. Company insiders own 13.00% of the company’s stock.

Walt Disney 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “DIS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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