Beech Hill Advisors Inc. Has $4.84 Million Stake in The Walt Disney Company (NYSE:DIS)

Beech Hill Advisors Inc. lifted its stake in The Walt Disney Company (NYSE:DIS) by 8.3% in the third quarter, HoldingsChannel.com reports. The firm owned 50,331 shares of the entertainment giant’s stock after purchasing an additional 3,839 shares during the quarter. Walt Disney comprises 1.8% of Beech Hill Advisors Inc.’s investment portfolio, making the stock its 16th largest position. Beech Hill Advisors Inc.’s holdings in Walt Disney were worth $4,841,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Horizon Wealth Management LLC raised its position in shares of Walt Disney by 1.8% during the third quarter. Horizon Wealth Management LLC now owns 17,965 shares of the entertainment giant’s stock worth $1,728,000 after acquiring an additional 315 shares during the last quarter. Bfsg LLC increased its position in Walt Disney by 690.7% in the third quarter. Bfsg LLC now owns 20,464 shares of the entertainment giant’s stock worth $1,968,000 after purchasing an additional 17,876 shares during the period. Twelve Points Wealth Management LLC raised its holdings in Walt Disney by 3.2% during the 3rd quarter. Twelve Points Wealth Management LLC now owns 4,264 shares of the entertainment giant’s stock worth $410,000 after purchasing an additional 133 shares during the last quarter. Wolff Wiese Magana LLC lifted its position in Walt Disney by 58.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 677 shares of the entertainment giant’s stock valued at $65,000 after purchasing an additional 250 shares during the period. Finally, Hunter Perkins Capital Management LLC boosted its stake in shares of Walt Disney by 1.3% in the 3rd quarter. Hunter Perkins Capital Management LLC now owns 55,030 shares of the entertainment giant’s stock valued at $5,293,000 after purchasing an additional 705 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE DIS opened at $96.75 on Thursday. The company has a fifty day moving average price of $91.29 and a 200 day moving average price of $99.24. The firm has a market cap of $176.38 billion, a PE ratio of 105.16, a PEG ratio of 1.49 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 1-year low of $79.23 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. Walt Disney’s revenue for the quarter was up 3.9% compared to the same quarter last year. Research analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insider Transactions at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DIS shares. Bank of America dropped their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Morgan Stanley cut their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft reduced their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Barclays dropped their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Wells Fargo & Company reduced their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Company 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.