Bayesian Capital Management LP Takes Position in Walt Disney Co (DIS)

Bayesian Capital Management LP acquired a new position in Walt Disney Co (NYSE:DIS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,000 shares of the entertainment giant’s stock, valued at approximately $1,980,000. Walt Disney accounts for 0.5% of Bayesian Capital Management LP’s investment portfolio, making the stock its 17th largest position.

A number of other large investors have also recently added to or reduced their stakes in DIS. Lombard Odier Transatlantic Limited Partnership increased its stake in Walt Disney by 71.4% in the third quarter. Lombard Odier Transatlantic Limited Partnership now owns 1,200 shares of the entertainment giant’s stock worth $111,000 after buying an additional 500 shares during the period. New Capital Management LP purchased a new stake in Walt Disney during the fourth quarter worth $139,000. TLP Group LLC purchased a new stake in Walt Disney during the third quarter worth $129,000. Massey Quick & Co. LLC purchased a new stake in Walt Disney during the fourth quarter worth $152,000. Finally, Signature Estate & Investment Advisors LLC increased its stake in Walt Disney by 2.2% in the third quarter. Signature Estate & Investment Advisors LLC now owns 1,649 shares of the entertainment giant’s stock worth $153,000 after buying an additional 36 shares during the period. Hedge funds and other institutional investors own 58.65% of the company’s stock.

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

Shares of Walt Disney Co (NYSE:DIS) traded down 0.30% on Friday, reaching $114.44. 7,120,273 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $112.40 and its 200 day moving average price is $104.65. The company has a market cap of $180.96 billion, a price-to-earnings ratio of 20.66 and a beta of 1.25. Walt Disney Co has a 12 month low of $90.32 and a 12 month high of $115.12.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 7th. The entertainment giant reported $1.55 EPS for the quarter, topping the consensus estimate of $1.48 by $0.07. Walt Disney had a net margin of 16.29% and a return on equity of 19.43%. The company had revenue of $14.78 billion for the quarter, compared to the consensus estimate of $15.30 billion. During the same period in the previous year, the firm earned $1.63 earnings per share. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. Equities research analysts predict that Walt Disney Co will post $5.95 EPS for the current fiscal year.

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DIS has been the subject of a number of recent research reports. Evercore ISI upgraded Walt Disney from a “buy” rating to a “top pick” rating and increased their price objective for the company from $103.00 to $120.00 in a research report on Tuesday, January 3rd. Royal Bank of Canada upgraded Walt Disney from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $101.00 to $130.00 in a research report on Thursday, January 5th. Credit Suisse Group AG reiterated an “outperform” rating on shares of Walt Disney in a research report on Wednesday, January 11th. Drexel Hamilton reiterated a “hold” rating and set a $107.00 price objective on shares of Walt Disney in a research report on Thursday, January 12th. Finally, Pivotal Research reiterated a “sell” rating and set a $85.00 price objective (down previously from $102.00) on shares of Walt Disney in a research report on Thursday, January 12th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $116.57.

In related news, EVP Brent Woodford sold 2,000 shares of Walt Disney stock in a transaction on Monday, January 30th. The shares were sold at an average price of $110.50, for a total value of $221,000.00. Following the transaction, the executive vice president now directly owns 27,745 shares of the company’s stock, valued at $3,065,822.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.00% of the stock is owned by insiders.

About Walt Disney

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.

5 Day Chart for NYSE:DIS

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