Kessler Investment Group LLC Purchases 476 Shares of The Walt Disney Company (NYSE:DIS)

Kessler Investment Group LLC increased its position in shares of The Walt Disney Company (NYSE:DIS) by 425.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 588 shares of the entertainment giant’s stock after acquiring an additional 476 shares during the quarter. Kessler Investment Group LLC’s holdings in The Walt Disney were worth $73,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado grew its stake in The Walt Disney by 4.8% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 341,476 shares of the entertainment giant’s stock worth $32,987,000 after buying an additional 15,620 shares during the last quarter. State Street Corp boosted its holdings in The Walt Disney by 0.8% in the first quarter. State Street Corp now owns 74,952,278 shares of the entertainment giant’s stock worth $7,240,390,000 after acquiring an additional 565,404 shares in the last quarter. Independent Family Office LLC purchased a new stake in shares of The Walt Disney during the first quarter worth about $248,000. Two Sigma Advisers LP acquired a new position in shares of The Walt Disney during the first quarter valued at about $29,676,000. Finally, APG Asset Management N.V. raised its position in shares of The Walt Disney by 22.7% in the 1st quarter. APG Asset Management N.V. now owns 3,202,584 shares of the entertainment giant’s stock valued at $309,370,000 after purchasing an additional 592,703 shares during the last quarter. Hedge funds and other institutional investors own 62.72% of the company’s stock.

DIS stock opened at $126.81 on Friday. The Walt Disney Company has a 52-week low of $79.07 and a 52-week high of $153.41. The company has a quick ratio of 1.29, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. The firm has a market cap of $229.15 billion, a P/E ratio of -204.53, a PEG ratio of 6.23 and a beta of 1.09. The company’s 50-day simple moving average is $128.38 and its 200-day simple moving average is $117.94.

The Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 4th. The entertainment giant reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.72. The Walt Disney had a positive return on equity of 6.58% and a negative net margin of 1.58%. The company had revenue of $11.80 billion during the quarter, compared to analysts’ expectations of $12.48 billion. During the same quarter in the prior year, the firm posted $1.35 EPS. The Walt Disney’s quarterly revenue was down 41.7% compared to the same quarter last year. On average, analysts anticipate that The Walt Disney Company will post 1.59 earnings per share for the current fiscal year.

Several analysts have weighed in on DIS shares. ValuEngine raised shares of The Walt Disney from a “hold” rating to a “buy” rating in a research report on Thursday, October 1st. Goldman Sachs Group initiated coverage on shares of The Walt Disney in a report on Monday, July 13th. They set a “buy” rating and a $137.00 price objective on the stock. Credit Suisse Group upgraded The Walt Disney from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $116.00 to $146.00 in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded The Walt Disney from a “hold” rating to a “buy” rating and boosted their price target for the company from $128.00 to $163.00 in a research note on Tuesday, September 8th. Finally, Cowen cut The Walt Disney from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $101.00 to $97.00 in a research note on Thursday, July 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have issued a buy rating to the stock. The Walt Disney has an average rating of “Buy” and a consensus target price of $134.70.

In other news, EVP Brent Woodford sold 2,000 shares of the stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $130.95, for a total transaction of $261,900.00. Following the transaction, the executive vice president now owns 36,620 shares in the company, valued at approximately $4,795,389. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.31% of the company’s stock.

About The Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight owned domestic television stations.

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

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