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

Rodgers Brothers Inc. lifted its holdings in The Walt Disney Company (NYSE:DIS) by 7.9% in the 1st quarter, Holdings Channel.com reports. 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 about 1.0% of Rodgers Brothers Inc.’s holdings, making the stock its 26th largest holding. Rodgers Brothers Inc.’s holdings in The Walt Disney were worth $5,042,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. FORA Capital LLC acquired a new position in shares of The Walt Disney in the 1st quarter valued at approximately $28,000. Lloyd Advisory Services LLC. grew its position in shares of The Walt Disney by 210.7% in the 1st quarter. Lloyd Advisory Services LLC. now owns 233 shares of the entertainment giant’s stock valued at $43,000 after purchasing an additional 158 shares during the period. Cardinal Capital Management Inc. grew its position in shares of The Walt Disney by 243.8% in the 1st quarter. Cardinal Capital Management Inc. now owns 275 shares of the entertainment giant’s stock valued at $51,000 after purchasing an additional 195 shares during the period. Selective Wealth Management Inc. grew its position in shares of The Walt Disney by 93.8% in the 1st quarter. Selective Wealth Management Inc. now owns 310 shares of the entertainment giant’s stock valued at $57,000 after purchasing an additional 150 shares during the period. Finally, Human Investing LLC boosted its position in The Walt Disney by 185.2% during the 1st quarter. Human Investing LLC now owns 348 shares of the entertainment giant’s stock worth $64,000 after acquiring an additional 226 shares during the last quarter. Institutional investors and hedge funds own 63.84% of the company’s stock.

A number of research firms have weighed in on DIS. Wells Fargo & Company upped their price target on The Walt Disney from $201.00 to $219.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 20th. Truist reduced their price target on 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. The Goldman Sachs Group reduced their price target on The Walt Disney from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, May 14th. Sanford C. Bernstein reaffirmed a “neutral” rating and set a $163.00 price target on shares of The Walt Disney in a research report on Friday, May 14th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on 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. Four investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $204.88.

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

DIS traded down $2.52 during trading hours on Thursday, reaching $174.37. The company’s stock had a trading volume of 213,611 shares, compared to its average volume of 9,377,594. 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 company’s 50-day simple moving average is $176.22. The Walt Disney Company has a 52 week low of $113.37 and a 52 week high of $203.02. The firm has a market cap of $316.82 billion, a price-to-earnings ratio of -70.76, a PEG ratio of 3.61 and a beta of 1.19.

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

The Walt Disney Profile

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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