Jul 17, 2017

Sigma Planning Corp Sells 1,341 Shares of Walt Disney Company (The) (NYSE:DIS)

Sigma Planning Corp reduced its position in Walt Disney Company (The) (NYSE:DIS) by 3.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission.

The fund owned 35,240 shares of the entertainment giant's stock after selling 1,341 shares during the period. Sigma Planning Corp's holdings in Walt Disney Company (The) were worth $3,996,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of Walt Disney Company (The) during the fourth quarter worth about $110,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in Walt Disney Company (The) by 7,240.3% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 128,089 shares of the entertainment giant's stock valued at $128,000 after buying an additional 126,344 shares in the last quarter. New Capital Management LP bought a new position in Walt Disney Company (The) during the fourth quarter valued at about $139,000. Feltz Wealth PLAN Inc. bought a new position in Walt Disney Company (The) during the first quarter valued at about $173,000. Finally, Cordasco Financial Network boosted its position in Walt Disney Company (The) by 2.4% in the first quarter. Cordasco Financial Network now owns 1,549 shares of the entertainment giant's stock valued at $176,000 after buying an additional 37 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Walt Disney Company (NYSE DIS) traded up 0.77% on Friday, reaching $105.09. The company's stock had a trading volume of 4,370,311 shares. The stock has a 50-day moving average price of $106.63 and a 200-day moving average price of $109.31. Walt Disney Company has a 1-year low of $90.32 and a 1-year high of $116.10. The company has a market capitalization of $164.45 billion, a price-to-earnings ratio of 18.33 and a beta of 1.39.

Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings data on Tuesday, May 9th. The entertainment giant reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.05. The company had revenue of $13.34 billion during the quarter, compared to analysts' expectations of $13.44 billion. Walt Disney Company (The) had a return on equity of 19.81% and a net margin of 16.63%. The firm's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the firm earned $1.36 EPS. On average, equities research analysts forecast that Walt Disney Company will post $5.92 EPS for the current year.

The firm also recently declared a dividend, which will be paid on Thursday, July 27th. Stockholders of record on Monday, July 10th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Thursday, July 6th. Walt Disney Company (The)'s dividend payout ratio is currently 27.18%.

Several research firms have issued reports on DIS. BidaskClub cut shares of Walt Disney Company (The) from a "hold" rating to a "sell" rating in a research note on Sunday. Zacks Investment Research cut shares of Walt Disney Company (The) from a "hold" rating to a "sell" rating in a research note on Tuesday, July 11th. Guggenheim restated a "buy" rating and set a $122.00 target price (down previously from $128.00) on shares of Walt Disney Company (The) in a research note on Wednesday. BMO Capital Markets restated a "sell" rating and set a $95.00 target price on shares of Walt Disney Company (The) in a research note on Sunday. Finally, Royal Bank Of Canada reaffirmed a "buy" rating and set a $130.00 price target on shares of Walt Disney Company (The) in a research report on Friday. Seven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seventeen have given a buy rating to the company's stock. The company has an average rating of "Hold" and an average price target of $116.17.

In related news, EVP Brent Woodford sold 2,000 shares of Walt Disney Company (The) stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of $114.50, for a total transaction of $229,000.00. Following the completion of the transaction, the executive vice president now directly owns 27,745 shares of the company's stock, valued at $3,176,802.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Susan E. Arnold sold 12,143 shares of Walt Disney Company (The) stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $109.02, for a total value of $1,323,829.86. Following the transaction, the director now directly 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 sold a total of 811,721 shares of company stock valued at $85,370,302 over the last three months. Insiders own 0.38% of the company's stock.

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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by Mitch Edgeman