Bowen Hanes & Co. Inc. Sells 255 Shares of The Walt Disney Company $DIS

Bowen Hanes & Co. Inc. lessened its position in The Walt Disney Company (NYSE:DIS) by 2.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,070 shares of the entertainment giant’s stock after selling 255 shares during the quarter. Bowen Hanes & Co. Inc.’s holdings in Walt Disney were worth $895,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Walt Disney during the first quarter valued at about $26,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Walt Disney in the fourth quarter worth about $27,000. Kessler Investment Group LLC grew its stake in shares of Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after purchasing an additional 200 shares during the last quarter. Copia Wealth Management bought a new stake in shares of Walt Disney in the fourth quarter worth about $36,000. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of Walt Disney in the fourth quarter worth about $39,000. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DIS shares. Evercore ISI raised their target price on Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Citigroup raised their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. raised their target price on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Wolfe Research raised Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price on the stock in a research note on Monday, April 21st. Finally, Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Price Performance

Shares of NYSE DIS opened at $116.56 on Tuesday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The firm has a market cap of $209.57 billion, a P/E ratio of 18.27, a PEG ratio of 1.67 and a beta of 1.56. The company has a 50 day moving average of $119.35 and a 200 day moving average of $108.08. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

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

Walt Disney Profile

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.