Beech Hill Advisors Inc. Sells 1,785 Shares of The Walt Disney Company (NYSE:DIS)

Beech Hill Advisors Inc. cut its position in The Walt Disney Company (NYSE:DISGet Rating) by 3.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,545 shares of the entertainment giant’s stock after selling 1,785 shares during the quarter. Walt Disney comprises about 2.3% of Beech Hill Advisors Inc.’s portfolio, making the stock its 11th biggest holding. Beech Hill Advisors Inc.’s holdings in Walt Disney were worth $4,394,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DIS. First American Trust FSB lifted its position in shares of Walt Disney by 7.3% during the 1st quarter. First American Trust FSB now owns 41,833 shares of the entertainment giant’s stock valued at $5,737,000 after acquiring an additional 2,852 shares during the period. Northwest Investment Counselors LLC lifted its position in shares of Walt Disney by 1.0% during the 1st quarter. Northwest Investment Counselors LLC now owns 23,992 shares of the entertainment giant’s stock valued at $3,291,000 after acquiring an additional 237 shares during the period. Marietta Wealth Management LLC lifted its position in shares of Walt Disney by 9.3% during the 1st quarter. Marietta Wealth Management LLC now owns 53,573 shares of the entertainment giant’s stock valued at $7,348,000 after acquiring an additional 4,566 shares during the period. Clark Capital Management Group Inc. lifted its position in shares of Walt Disney by 27.8% during the 1st quarter. Clark Capital Management Group Inc. now owns 237,846 shares of the entertainment giant’s stock valued at $32,623,000 after acquiring an additional 51,721 shares during the period. Finally, Alta Capital Management LLC lifted its position in shares of Walt Disney by 4.0% during the 1st quarter. Alta Capital Management LLC now owns 417,909 shares of the entertainment giant’s stock valued at $57,320,000 after acquiring an additional 16,232 shares during the period. 61.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wells Fargo & Company upped their target price on Walt Disney from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, August 11th. JPMorgan Chase & Co. dropped their price objective on Walt Disney from $175.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, August 11th. Deutsche Bank Aktiengesellschaft dropped their price objective on Walt Disney from $191.00 to $130.00 in a research report on Monday, June 6th. KeyCorp upped their price objective on Walt Disney from $131.00 to $154.00 and gave the stock an “overweight” rating in a research report on Thursday, August 11th. Finally, Truist Financial dropped their price objective on Walt Disney from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, July 26th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $151.48.

Walt Disney Price Performance

Shares of DIS opened at $108.25 on Monday. The Walt Disney Company has a 12-month low of $90.23 and a 12-month high of $185.90. The business has a 50-day simple moving average of $109.40 and a two-hundred day simple moving average of $113.92. The company has a quick ratio of 0.97, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. The stock has a market cap of $197.35 billion, a PE ratio of 62.94, a PEG ratio of 1.41 and a beta of 1.20.

Walt Disney (NYSE:DISGet Rating) last issued its quarterly earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.10. The company had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $21.01 billion. Walt Disney had a return on equity of 7.20% and a net margin of 3.87%. The business’s quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.80 earnings per share. Analysts anticipate that The Walt Disney Company will post 3.85 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Brent Woodford sold 3,000 shares of the stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $119.03, for a total value of $357,090.00. Following the completion of the sale, the executive vice president now owns 28,624 shares of the company’s stock, valued at $3,407,114.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.10% of the company’s stock.

Walt Disney Profile

(Get Rating)

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

Further Reading

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

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