Walt Disney Company (The) (DIS) Position Increased by Marsico Capital Management LLC

Marsico Capital Management LLC boosted its position in shares of Walt Disney Company (The) (NYSE:DIS) by 1.0% during the first quarter, Holdings Channel reports. The fund owned 904,609 shares of the entertainment giant’s stock after buying an additional 9,315 shares during the period. Walt Disney Company (The) accounts for about 4.4% of Marsico Capital Management LLC’s investment portfolio, making the stock its 8th largest position. Marsico Capital Management LLC’s holdings in Walt Disney Company (The) were worth $102,574,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in Walt Disney Company (The) during the fourth quarter worth about $1,507,183,000. Fisher Asset Management LLC raised its position in Walt Disney Company (The) by 1.2% in the first quarter. Fisher Asset Management LLC now owns 8,846,672 shares of the entertainment giant’s stock worth $1,003,124,000 after buying an additional 101,808 shares during the last quarter. Parnassus Investments CA raised its position in Walt Disney Company (The) by 0.4% in the first quarter. Parnassus Investments CA now owns 5,823,364 shares of the entertainment giant’s stock worth $638,073,000 after buying an additional 20,641 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Walt Disney Company (The) by 4.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 4,707,552 shares of the entertainment giant’s stock worth $533,790,000 after buying an additional 185,290 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Walt Disney Company (The) by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,441,017 shares of the entertainment giant’s stock worth $503,567,000 after buying an additional 18,753 shares during the last quarter. 62.42% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Company (NYSE:DIS) traded down 0.86% during mid-day trading on Thursday, reaching $101.95. 2,351,415 shares of the company’s stock traded hands. Walt Disney Company has a 1-year low of $90.32 and a 1-year high of $116.10. The stock has a market cap of $159.25 billion, a P/E ratio of 18.08 and a beta of 1.40. The firm has a 50-day moving average price of $106.24 and a 200-day moving average price of $109.34. Walt Disney Company (The) also was the target of some unusual options trading activity on Monday. Stock traders acquired 26,917 put options on the stock. This is an increase of 352% compared to the typical volume of 5,955 put options.

Walt Disney Company (The) (NYSE:DIS) last released its earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.57%. The business had revenue of $14.24 billion during the quarter, compared to analysts’ expectations of $14.44 billion. During the same period last year, the business earned $1.62 earnings per share. The firm’s revenue was down .3% on a year-over-year basis. Equities research analysts anticipate that Walt Disney Company will post $5.90 EPS for the current fiscal year.

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, July 27th. Investors of record on Monday, July 10th were paid a $0.78 dividend. The ex-dividend date of this dividend was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio is presently 27.56%.

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DIS has been the subject of a number of analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Walt Disney Company (The) in a research note on Tuesday, April 25th. BidaskClub raised shares of Walt Disney Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Deutsche Bank AG reissued a “buy” rating and set a $125.00 target price (down from $130.00) on shares of Walt Disney Company (The) in a research note on Monday, May 15th. Credit Suisse Group reissued an “outperform” rating and set a $120.00 target price (down from $125.00) on shares of Walt Disney Company (The) in a research note on Wednesday. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $130.00 target price on shares of Walt Disney Company (The) in a research note on Friday, July 14th. Six investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $115.58.

In related news, Chairman Robert A. Iger sold 797,578 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $105.09, for a total value of $83,817,472.02. Following the completion of the transaction, the chairman now directly owns 1,566,484 shares of the company’s stock, valued at $164,621,803.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is currently 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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Institutional Ownership by Quarter for Walt Disney Company (The) (NYSE:DIS)

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