Benin Management CORP Boosts Stock Position in The Walt Disney Company $DIS

Benin Management CORP increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.8% in the second quarter, HoldingsChannel reports. The firm owned 25,845 shares of the entertainment giant’s stock after buying an additional 935 shares during the quarter. Walt Disney makes up approximately 0.8% of Benin Management CORP’s holdings, making the stock its 19th biggest holding. Benin Management CORP’s holdings in Walt Disney were worth $3,205,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Walt Disney in the 1st quarter worth about $26,000. DiNuzzo Private Wealth Inc. boosted its stake in Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after buying an additional 94 shares during the last quarter. Kessler Investment Group LLC boosted its stake in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after buying an additional 200 shares during the last quarter. Harbor Asset Planning Inc. acquired a new stake in Walt Disney in the 2nd quarter worth about $37,000. Finally, RMG Wealth Management LLC acquired a new stake in Walt Disney in the 2nd quarter worth about $49,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of research analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $141.00 price target on shares of Walt Disney in a research note on Friday, October 17th. UBS Group raised their price target on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Tuesday, September 23rd. Stephens reissued a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. Nineteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $132.90.

Walt Disney Stock Up 2.1%

Shares of NYSE:DIS opened at $114.32 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The stock has a market capitalization of $205.54 billion, a P/E ratio of 17.92, a PEG ratio of 1.47 and a beta of 1.54. The stock has a 50-day simple moving average of $114.86 and a 200-day simple moving average of $111.21.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.Walt Disney’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 EPS. Equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.