BEAM Asset Management LLC Grows Holdings in The Walt Disney Company (NYSE:DIS)

BEAM Asset Management LLC raised its position in The Walt Disney Company (NYSE:DIS) by 8.0% during the third quarter, Holdings Channel.com reports. The firm owned 1,560 shares of the entertainment giant’s stock after buying an additional 116 shares during the period. BEAM Asset Management LLC’s holdings in Walt Disney were worth $264,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Penserra Capital Management LLC purchased a new position in shares of Walt Disney during the 2nd quarter worth about $29,000. Johnson Midwest Financial LLC lifted its holdings in shares of Walt Disney by 142.9% during the 2nd quarter. Johnson Midwest Financial LLC now owns 170 shares of the entertainment giant’s stock worth $30,000 after acquiring an additional 100 shares during the period. FFT Wealth Management LLC purchased a new position in shares of Walt Disney during the 2nd quarter worth about $37,000. Financial Insights Inc. purchased a new position in shares of Walt Disney during the 2nd quarter worth about $37,000. Finally, Paragon Wealth Strategies LLC purchased a new position in shares of Walt Disney during the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 64.08% of the company’s stock.

Walt Disney stock opened at $151.34 on Thursday. The stock has a market cap of $275.00 billion, a P/E ratio of 138.84, a price-to-earnings-growth ratio of 1.49 and a beta of 1.17. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average of $170.25 and a 200-day moving average of $175.01. The Walt Disney Company has a 52 week low of $146.29 and a 52 week high of $203.02.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, November 10th. The entertainment giant reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.13). Walt Disney had a return on equity of 4.86% and a net margin of 2.96%. During the same period in the prior year, the firm earned ($0.20) EPS. As a group, equities analysts predict that The Walt Disney Company will post 4.74 earnings per share for the current fiscal year.

DIS has been the topic of several recent analyst reports. Moffett Nathanson cut their price objective on shares of Walt Disney from $185.00 to $180.00 and set a “neutral” rating on the stock in a report on Monday, October 18th. The Goldman Sachs Group dropped their target price on shares of Walt Disney from $218.00 to $209.00 and set a “buy” rating for the company in a research report on Thursday, November 11th. Atlantic Securities downgraded shares of Walt Disney from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $219.00 to $172.00 in a research report on Thursday, November 11th. Wolfe Research dropped their target price on shares of Walt Disney from $209.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, November 11th. Finally, Barclays downgraded shares of Walt Disney from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $210.00 to $175.00 in a research report on Monday, October 18th. Six investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $200.15.

In related news, CEO Robert A. Chapek sold 10,587 shares of the firm’s stock in a transaction on Tuesday, August 31st. The stock was sold at an average price of $182.00, for a total transaction of $1,926,834.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.25% of the company’s stock.

Walt Disney Profile

The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Media Networks, Parks, Experiences and Products, Studio Entertainment and Direct-to-Consumer and International (DTCI). The Media Networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, radio networks and stations.

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

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