Beacon Pointe Advisors LLC Cuts Holdings in The Walt Disney Company (NYSE:DIS)

Beacon Pointe Advisors LLC decreased its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 1.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 213,632 shares of the entertainment giant's stock after selling 3,952 shares during the period. Beacon Pointe Advisors LLC's holdings in Walt Disney were worth $23,788,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Walt Disney during the 4th quarter valued at $2,415,427,000. Arrowstreet Capital Limited Partnership grew its holdings in Walt Disney by 75.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock valued at $1,209,050,000 after buying an additional 4,680,930 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock worth $2,137,637,000 after acquiring an additional 3,636,742 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Walt Disney during the 4th quarter valued at approximately $358,151,000. Finally, Boston Partners bought a new position in shares of Walt Disney during the 4th quarter valued at approximately $350,707,000. 65.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DIS shares. UBS Group decreased their price objective on Walt Disney from $130.00 to $105.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. The Goldman Sachs Group upped their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Macquarie reaffirmed a "neutral" rating and issued a $110.00 target price on shares of Walt Disney in a research report on Monday, January 6th. Redburn Atlantic upgraded shares of Walt Disney from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Finally, Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price for the company in a research note on Monday, April 21st. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $123.75.

Walt Disney Trading Down 0.2 %

Shares of Walt Disney stock traded down $0.19 on Wednesday, reaching $90.98. 8,466,852 shares of the company's stock were exchanged, compared to its average volume of 10,104,266. The firm's 50-day moving average is $96.20 and its two-hundred day moving average is $104.20. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $118.63. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The company has a market capitalization of $164.47 billion, a P/E ratio of 29.64, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.