Bessemer Group Inc. Boosts Stock Position in The Walt Disney Company (NYSE:DIS)

Bessemer Group Inc. grew its position in The Walt Disney Company (NYSE:DIS) by 11.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,008 shares of the entertainment giant’s stock after purchasing an additional 5,327 shares during the period. Bessemer Group Inc.’s holdings in Walt Disney were worth $6,487,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Mcdonald Partners LLC lifted its stake in Walt Disney by 0.5% during the 1st quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after acquiring an additional 88 shares during the period. McKinley Carter Wealth Services Inc. lifted its position in Walt Disney by 1.5% during the first quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock valued at $721,000 after purchasing an additional 89 shares during the period. Sendero Wealth Management LLC lifted its position in Walt Disney by 2.0% during the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock valued at $569,000 after purchasing an additional 89 shares during the period. Pflug Koory LLC boosted its holdings in Walt Disney by 1.0% in the first quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock valued at $1,100,000 after purchasing an additional 91 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC grew its position in Walt Disney by 3.5% during the 1st quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock worth $343,000 after purchasing an additional 94 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on DIS. Loop Capital upped their target price on Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Bank of America upped their price objective on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Argus lifted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Daiwa Capital Markets reissued a “buy” rating and set a $133.00 price target on shares of Walt Disney in a report on Monday, April 1st. Finally, Barclays dropped their price target on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $126.44.

Insider Buying and Selling

In other news, Director James P. Gorman bought 20,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now directly owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Walt Disney news, Director James P. Gorman bought 20,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was bought at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the purchase, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Walt Disney Price Performance

NYSE DIS traded down $1.11 during trading hours on Wednesday, hitting $89.83. 11,750,935 shares of the company’s stock traded hands, compared to its average volume of 11,331,122. The company has a market capitalization of $163.76 billion, a PE ratio of 98.07, a PEG ratio of 1.17 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The firm’s 50-day moving average is $100.19 and its 200-day moving average is $105.38.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. During the same period in the prior year, the business earned $0.93 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. Equities analysts forecast that The Walt Disney Company will post 4.75 EPS for the current fiscal year.

Walt Disney Company Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.