Rodgers Brothers Inc. Has $5.04 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Rodgers Brothers Inc. grew its position in The Walt Disney Company (NYSE:DIS) by 7.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,325 shares of the entertainment giant’s stock after buying an additional 2,000 shares during the quarter. The Walt Disney makes up approximately 1.0% of Rodgers Brothers Inc.’s portfolio, making the stock its 26th largest position. Rodgers Brothers Inc.’s holdings in The Walt Disney were worth $5,042,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FORA Capital LLC acquired a new position in shares of The Walt Disney in the first quarter worth about $28,000. Lloyd Advisory Services LLC. lifted its position in shares of The Walt Disney by 210.7% in the first quarter. Lloyd Advisory Services LLC. now owns 233 shares of the entertainment giant’s stock worth $43,000 after purchasing an additional 158 shares in the last quarter. Cardinal Capital Management Inc. lifted its position in shares of The Walt Disney by 243.8% in the first quarter. Cardinal Capital Management Inc. now owns 275 shares of the entertainment giant’s stock worth $51,000 after purchasing an additional 195 shares in the last quarter. Selective Wealth Management Inc. lifted its position in shares of The Walt Disney by 93.8% in the first quarter. Selective Wealth Management Inc. now owns 310 shares of the entertainment giant’s stock worth $57,000 after purchasing an additional 150 shares in the last quarter. Finally, Human Investing LLC lifted its position in shares of The Walt Disney by 185.2% in the first quarter. Human Investing LLC now owns 348 shares of the entertainment giant’s stock worth $64,000 after purchasing an additional 226 shares in the last quarter. Institutional investors own 63.84% of the company’s stock.

In other The Walt Disney news, Chairman Robert A. Iger sold 550,570 shares of The Walt Disney stock in a transaction on Tuesday, June 1st. The shares were sold at an average price of $179.21, for a total transaction of $98,667,649.70. Following the sale, the chairman now owns 569,131 shares in the company, valued at $101,993,966.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan E. Arnold sold 8,400 shares of The Walt Disney stock in a transaction on Wednesday, June 2nd. The stock was sold at an average price of $177.75, for a total transaction of $1,493,100.00. Following the sale, the director now owns 41,498 shares in the company, valued at approximately $7,376,269.50. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

Shares of The Walt Disney stock traded down $2.52 during midday trading on Thursday, hitting $174.37. The company had a trading volume of 213,611 shares, compared to its average volume of 9,377,594. The company’s 50 day moving average price is $176.22. The company has a market cap of $316.82 billion, a PE ratio of -70.76, a PEG ratio of 3.61 and a beta of 1.19. The company has a current ratio of 1.23, a quick ratio of 1.18 and a debt-to-equity ratio of 0.57. The Walt Disney Company has a 1-year low of $113.37 and a 1-year high of $203.02.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, May 13th. The entertainment giant reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.52. The business had revenue of $15.61 billion for the quarter, compared to the consensus estimate of $15.99 billion. The Walt Disney had a negative net margin of 7.73% and a positive return on equity of 2.07%. The Walt Disney’s quarterly revenue was down 13.4% on a year-over-year basis. During the same quarter last year, the company posted $0.60 earnings per share. Equities analysts predict that The Walt Disney Company will post 2.33 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on the stock. Truist reduced their price target on shares of The Walt Disney from $205.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, May 17th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft reduced their price target on shares of The Walt Disney from $222.00 to $213.00 and set a “buy” rating for the company in a research report on Tuesday, May 18th. Morgan Stanley raised their price objective on shares of The Walt Disney from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Wednesday, May 12th. Royal Bank of Canada reaffirmed a “buy” rating and set a $202.00 price objective on shares of The Walt Disney in a research report on Friday, May 14th. Finally, Sanford C. Bernstein reaffirmed a “neutral” rating and set a $163.00 price objective on shares of The Walt Disney in a research report on Friday, May 14th. Four equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The Walt Disney presently has an average rating of “Buy” and a consensus price target of $204.88.

About The Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.

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

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