Beaumont Financial Advisors LLC Sells 4,133 Shares of The Walt Disney Company $DIS

Key Points

• Beaumont Financial Advisors LLC has reduced its holdings in Walt Disney Company by 20.9%, selling 4,133 shares during the second quarter, leaving it with 15,677 shares valued at approximately $1.94 million.
• Several hedge funds, including Strategic Investment Solutions Inc. and Five Oceans Advisors, increased their positions in Walt Disney, demonstrating ongoing institutional interest in the company.
• Walt Disney reported earnings of $1.61 per share for the last quarter, exceeding analysts' expectations and showing a 2.1% increase in revenue year-over-year.

Beaumont Financial Advisors LLC decreased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 20.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,677 shares of the entertainment giant's stock after selling 4,133 shares during the quarter. Beaumont Financial Advisors LLC's holdings in Walt Disney were worth $1,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL grew its holdings in shares of Walt Disney by 33.6% in the second quarter. Strategic Investment Solutions Inc. IL now owns 2,685 shares of the entertainment giant's stock valued at $333,000 after purchasing an additional 675 shares in the last quarter. Five Oceans Advisors lifted its position in Walt Disney by 8.8% during the second quarter. Five Oceans Advisors now owns 2,441 shares of the entertainment giant's stock valued at $303,000 after purchasing an additional 197 shares during the last quarter. LS Investment Advisors LLC lifted its position in Walt Disney by 2.4% during the second quarter. LS Investment Advisors LLC now owns 75,434 shares of the entertainment giant's stock valued at $9,355,000 after purchasing an additional 1,738 shares during the last quarter. Crown Wealth Group LLC purchased a new position in shares of Walt Disney in the 2nd quarter worth $249,000. Finally, CX Institutional increased its holdings in shares of Walt Disney by 4.3% in the 2nd quarter. CX Institutional now owns 9,619 shares of the entertainment giant's stock worth $1,193,000 after buying an additional 399 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Down 0.4%

DIS stock opened at $112.95 on Friday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The firm's 50-day moving average is $117.11 and its 200 day moving average is $109.34. The company has a market capitalization of $203.07 billion, a PE ratio of 17.70, a P/E/G ratio of 1.64 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 EPS. On average, research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DIS shares. Susquehanna reiterated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Morgan Stanley boosted their target price on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Wall Street Zen lowered Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $131.18.

About Walt Disney

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.

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