Walt Disney Co (NYSE:DIS) Shares Sold by Benson Investment Management Company Inc.

Benson Investment Management Company Inc. reduced its holdings in Walt Disney Co (NYSE:DIS) by 3.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,410 shares of the entertainment giant’s stock after selling 1,285 shares during the quarter. Walt Disney makes up 3.4% of Benson Investment Management Company Inc.’s portfolio, making the stock its 3rd biggest holding. Benson Investment Management Company Inc.’s holdings in Walt Disney were worth $4,745,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Glenview State Bank Trust DEPT. increased its stake in Walt Disney by 0.5% during the second quarter. Glenview State Bank Trust DEPT. now owns 15,057 shares of the entertainment giant’s stock worth $2,103,000 after acquiring an additional 70 shares during the last quarter. Aft Forsyth & Company Inc. boosted its position in shares of Walt Disney by 0.9% in the second quarter. Aft Forsyth & Company Inc. now owns 7,705 shares of the entertainment giant’s stock worth $1,076,000 after buying an additional 70 shares during the period. Altfest L J & Co. Inc. boosted its position in shares of Walt Disney by 0.5% in the second quarter. Altfest L J & Co. Inc. now owns 13,978 shares of the entertainment giant’s stock worth $1,952,000 after buying an additional 74 shares during the period. Botty Investors LLC boosted its position in shares of Walt Disney by 4.8% in the second quarter. Botty Investors LLC now owns 1,650 shares of the entertainment giant’s stock worth $230,000 after buying an additional 75 shares during the period. Finally, Wealthquest Corp boosted its position in shares of Walt Disney by 1.6% in the second quarter. Wealthquest Corp now owns 4,772 shares of the entertainment giant’s stock worth $666,000 after buying an additional 76 shares during the period. Hedge funds and other institutional investors own 68.47% of the company’s stock.

In related news, EVP Brent Woodford sold 2,200 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $146.68, for a total value of $322,696.00. Following the completion of the transaction, the executive vice president now owns 34,679 shares of the company’s stock, valued at $5,086,715.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.36% of the company’s stock.

Several equities research analysts have recently weighed in on DIS shares. Credit Suisse Group reaffirmed a “buy” rating and issued a $150.00 target price on shares of Walt Disney in a research report on Thursday, August 8th. Imperial Capital decreased their target price on Walt Disney from $140.00 to $139.00 and set an “in-line” rating for the company in a research report on Thursday, September 19th. JPMorgan Chase & Co. set a $150.00 target price on Walt Disney and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Moffett Nathanson set a $150.00 target price on Walt Disney and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Walt Disney in a research report on Monday, August 26th. Seven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $151.31.

Shares of DIS opened at $130.89 on Friday. The company has a market capitalization of $235.78 billion, a P/E ratio of 18.49, a P/E/G ratio of 4.35 and a beta of 0.96. Walt Disney Co has a one year low of $100.35 and a one year high of $147.15. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.67 and a current ratio of 0.70. The stock has a 50-day moving average price of $133.43 and a 200 day moving average price of $135.08.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.41). The business had revenue of $20.25 billion during the quarter, compared to analysts’ expectations of $21.40 billion. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. The company’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.87 EPS. As a group, equities research analysts forecast that Walt Disney Co will post 5.74 earnings per share for the current fiscal year.

Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

Read More: What are earnings reports?

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

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.