Bessemer Group Inc. Acquires 6,058 Shares of Walt Disney Company (The) (DIS)

Bessemer Group Inc. raised its holdings in Walt Disney Company (The) (NYSE:DIS) by 1.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 625,140 shares of the entertainment giant’s stock after purchasing an additional 6,058 shares during the quarter. Bessemer Group Inc.’s holdings in Walt Disney Company (The) were worth $66,421,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Acadian Asset Management LLC raised its position in shares of Walt Disney Company (The) by 88.8% in the first quarter. Acadian Asset Management LLC now owns 3,345,124 shares of the entertainment giant’s stock worth $379,305,000 after acquiring an additional 1,573,215 shares during the period. Harbour Capital Advisors LLC raised its position in shares of Walt Disney Company (The) by 10,076.9% in the second quarter. Harbour Capital Advisors LLC now owns 1,387,625 shares of the entertainment giant’s stock worth $13,060,000 after acquiring an additional 1,373,990 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Walt Disney Company (The) by 8,245.5% in the first quarter. Canada Pension Plan Investment Board now owns 670,726 shares of the entertainment giant’s stock worth $76,054,000 after acquiring an additional 662,689 shares during the period. AQR Capital Management LLC raised its position in shares of Walt Disney Company (The) by 111.0% in the first quarter. AQR Capital Management LLC now owns 1,190,645 shares of the entertainment giant’s stock worth $135,008,000 after acquiring an additional 626,245 shares during the period. Finally, State Treasurer State of Michigan raised its position in shares of Walt Disney Company (The) by 73.3% in the first quarter. State Treasurer State of Michigan now owns 1,355,053 shares of the entertainment giant’s stock worth $153,649,000 after acquiring an additional 573,000 shares during the period. 61.38% of the stock is currently owned by institutional investors.

Walt Disney Company (NYSE:DIS) opened at 96.93 on Friday. Walt Disney Company has a 12 month low of $90.56 and a 12 month high of $116.10. The firm’s 50-day moving average is $99.58 and its 200 day moving average is $106.00. The stock has a market capitalization of $149.61 billion, a P/E ratio of 17.19 and a beta of 1.40.

Walt Disney Company (The) (NYSE:DIS) last released its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The business had revenue of $14.24 billion for the quarter, compared to analysts’ expectations of $14.44 billion. During the same quarter last year, the company earned $1.62 EPS. The company’s revenue for the quarter was down .3% compared to the same quarter last year. On average, equities analysts anticipate that Walt Disney Company will post $5.79 earnings per share for the current year.

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In other news, Director Maria Elena Lagomasino acquired 976 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average price of $102.34 per share, with a total value of $99,883.84. Following the acquisition, the director now directly owns 7,513 shares in the company, valued at $768,880.42. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.38% of the stock is owned by company insiders.

A number of brokerages have weighed in on DIS. Bank of America Corporation set a $125.00 price objective on shares of Walt Disney Company (The) and gave the stock a “hold” rating in a research report on Saturday, June 24th. BMO Capital Markets reiterated an “underperform” rating and issued a $90.00 price objective (down previously from $95.00) on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. FBR & Co reiterated a “hold” rating and issued a $97.00 price objective on shares of Walt Disney Company (The) in a research report on Friday, September 8th. Guggenheim downgraded shares of Walt Disney Company (The) from a “buy” rating to a “neutral” rating in a research report on Thursday. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $125.00 price objective on shares of Walt Disney Company (The) in a research report on Tuesday, July 25th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $113.97.

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.

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

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