Benchstone Capital Management LP Acquires Shares of 160,539 The Walt Disney Company $DIS

Benchstone Capital Management LP acquired a new position in shares of The Walt Disney Company (NYSE:DIS) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 160,539 shares of the entertainment giant’s stock, valued at approximately $19,908,000. Walt Disney comprises 1.8% of Benchstone Capital Management LP’s investment portfolio, making the stock its 29th biggest holding.

A number of other institutional investors have also modified their holdings of the business. Kondo Wealth Advisors Inc. grew its position in Walt Disney by 1.2% in the 2nd quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant’s stock worth $904,000 after purchasing an additional 84 shares during the last quarter. Cornerstone Advisory LLC lifted its stake in Walt Disney by 1.5% during the second quarter. Cornerstone Advisory LLC now owns 5,890 shares of the entertainment giant’s stock valued at $730,000 after purchasing an additional 86 shares during the last quarter. Physician Wealth Advisors Inc. boosted its stake in shares of Walt Disney by 3.5% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock worth $323,000 after acquiring an additional 87 shares in the last quarter. Childress Capital Advisors LLC increased its stake in Walt Disney by 3.3% in the 2nd quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock worth $341,000 after purchasing an additional 87 shares in the last quarter. Finally, Apollon Financial LLC raised its holdings in shares of Walt Disney by 1.5% during the second quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant’s stock valued at $755,000 after acquiring an additional 87 shares during the period. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Guggenheim restated a “buy” rating and set a $140.00 price target on shares of Walt Disney in a report on Friday, November 14th. Sanford C. Bernstein restated an “outperform” rating on shares of Walt Disney in a research note on Wednesday, November 12th. Raymond James Financial restated a “market perform” rating on shares of Walt Disney in a research note on Friday, November 14th. Wall Street Zen downgraded shares of Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Wells Fargo & Company decreased their price target on Walt Disney from $159.00 to $152.00 and set an “overweight” rating on the stock in a research note on Friday, November 14th. Eighteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $134.41.

Walt Disney Trading Up 0.1%

DIS opened at $111.52 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $199.10 billion, a P/E ratio of 16.26, a P/E/G ratio of 1.54 and a beta of 1.49. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The firm’s fifty day simple moving average is $109.24 and its 200 day simple moving average is $114.59.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, topping the consensus estimate of $1.03 by $0.08. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. The firm had revenue of $22.46 billion for the quarter, compared to analysts’ expectations of $22.78 billion. During the same period in the previous year, the firm posted $1.14 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. As a group, research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be paid a $0.75 dividend. The ex-dividend date is Tuesday, June 30th. This represents a yield of 139.0%. Walt Disney’s payout ratio is 21.87%.

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.