Benchstone Capital Management LP Acquires New Position in The Walt Disney Company (NYSE:DIS)

Benchstone Capital Management LP bought a new position in The Walt Disney Company (NYSE:DIS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 383,541 shares of the entertainment giant's stock, valued at approximately $42,707,000. Walt Disney accounts for approximately 4.4% of Benchstone Capital Management LP's investment portfolio, making the stock its 2nd biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farmers Trust Co. boosted its stake in Walt Disney by 1.1% in the fourth quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant's stock valued at $945,000 after buying an additional 92 shares in the last quarter. Pathway Financial Advisors LLC increased its position in Walt Disney by 2.7% during the 4th quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant's stock worth $386,000 after purchasing an additional 92 shares in the last quarter. Prossimo Advisors LLC boosted its holdings in shares of Walt Disney by 1.1% during the 4th quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant's stock valued at $972,000 after acquiring an additional 92 shares in the last quarter. Saxon Interests Inc. grew its position in Walt Disney by 2.8% during the 4th quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant's stock worth $380,000 after acquiring an additional 93 shares during the last quarter. Finally, Onefund LLC increased its holdings in Walt Disney by 2.0% in the 4th quarter. Onefund LLC now owns 4,856 shares of the entertainment giant's stock worth $541,000 after purchasing an additional 93 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Walt Disney Trading Up 0.1 %

Shares of DIS stock traded up $0.09 on Tuesday, hitting $92.20. 11,789,668 shares of the stock traded hands, compared to its average volume of 10,106,684. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The stock has a market capitalization of $166.68 billion, a PE ratio of 30.03, a PEG ratio of 1.80 and a beta of 1.49. The firm's 50-day moving average price is $94.69 and its two-hundred day moving average price is $104.09. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. As a group, analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Ratings Changes

DIS has been the topic of several recent analyst reports. UBS Group dropped their price target on Walt Disney from $130.00 to $105.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Rosenblatt Securities reissued a "buy" rating and set a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Redburn Atlantic raised shares of Walt Disney from a "neutral" rating to a "buy" rating and boosted their price target for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Morgan Stanley raised their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Citigroup reaffirmed a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research note on Wednesday, January 22nd. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Walt Disney currently has an average rating of "Moderate Buy" and an average target price of $123.75.

About Walt Disney

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.