Beech Hill Advisors Inc. Acquires 305 Shares of The Walt Disney Company (NYSE:DIS)

Beech Hill Advisors Inc. grew its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,135 shares of the entertainment giant’s stock after buying an additional 305 shares during the period. Walt Disney makes up 2.0% of Beech Hill Advisors Inc.’s investment portfolio, making the stock its 18th largest holding. Beech Hill Advisors Inc.’s holdings in Walt Disney were worth $4,119,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Moneta Group Investment Advisors LLC raised its position in shares of Walt Disney by 109,924.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock worth $2,056,126,000 after purchasing an additional 23,644,765 shares during the period. Norges Bank acquired a new position in shares of Walt Disney during the fourth quarter worth approximately $1,433,075,000. Providence Capital Advisors LLC raised its position in shares of Walt Disney by 11,064.4% during the first quarter. Providence Capital Advisors LLC now owns 10,982,227 shares of the entertainment giant’s stock worth $109,679,000 after purchasing an additional 10,883,859 shares during the period. Trian Fund Management L.P. acquired a new position in shares of Walt Disney during the fourth quarter worth approximately $784,509,000. Finally, Morgan Stanley raised its position in shares of Walt Disney by 13.5% during the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock worth $4,011,473,000 after purchasing an additional 5,499,014 shares during the period. 61.17% of the stock is currently owned by institutional investors.

Walt Disney Trading Up 1.3 %

Shares of Walt Disney stock opened at $85.58 on Monday. The Walt Disney Company has a 52-week low of $79.75 and a 52-week high of $118.18. The stock’s 50-day simple moving average is $85.78 and its 200 day simple moving average is $91.59. The stock has a market capitalization of $156.59 billion, a P/E ratio of 69.58, a P/E/G ratio of 1.68 and a beta of 1.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.00 and a current ratio of 1.07.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The business had revenue of $22.33 billion for the quarter, compared to analysts’ expectations of $22.50 billion. During the same period in the previous year, the business posted $1.09 EPS. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, research analysts anticipate that The Walt Disney Company will post 3.68 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Barclays lowered their target price on Walt Disney from $107.00 to $88.00 in a research report on Wednesday, June 21st. Rosenblatt Securities increased their price target on Walt Disney from $102.00 to $104.00 and gave the company a “buy” rating in a research report on Tuesday, September 12th. Truist Financial reissued a “buy” rating and issued a $105.00 price target on shares of Walt Disney in a research report on Monday, August 21st. Wells Fargo & Company lowered their price target on Walt Disney from $146.00 to $110.00 and set an “overweight” rating for the company in a research report on Tuesday, September 5th. Finally, StockNews.com initiated coverage on Walt Disney in a research report on Thursday, August 17th. They issued a “sell” rating for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $115.35.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 959 shares of Walt Disney stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $89.05, for a total transaction of $85,398.95. Following the completion of the transaction, the executive vice president now owns 961 shares of the company’s stock, valued at approximately $85,577.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Walt Disney Company Profile

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 networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.