Beech Hill Advisors Inc. Decreases Stock Holdings in The Walt Disney Company $DIS

Key Points

• Beech Hill Advisors Inc. reduced its stake in The Walt Disney Company by 23.6%, now holding 37,112 shares valued at $4,602,000, making it the 12th largest position in their portfolio.
• Multiple institutional investors increased their positions in Walt Disney, with notable increases including MJT & Associates and DiNuzzo Private Wealth Inc., which boosted their holdings significantly in recent quarters.
• Walt Disney reported a net margin of 12.22% and earnings per share of $1.61, exceeding analysts' expectations, amid a slight revenue decline year-over-year with total revenues of $23.65 billion for the quarter.

Beech Hill Advisors Inc. lowered its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 23.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,112 shares of the entertainment giant's stock after selling 11,464 shares during the quarter. Walt Disney accounts for 2.1% of Beech Hill Advisors Inc.'s portfolio, making the stock its 12th largest position. Beech Hill Advisors Inc.'s holdings in Walt Disney were worth $4,602,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in DIS. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Walt Disney in the 1st quarter worth $26,000. DiNuzzo Private Wealth Inc. lifted its holdings in Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock valued at $26,000 after acquiring an additional 94 shares during the period. Kessler Investment Group LLC boosted its position in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after purchasing an additional 200 shares during the last quarter. Harbor Asset Planning Inc. bought a new stake in shares of Walt Disney during the 2nd quarter valued at about $37,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Walt Disney during the 2nd quarter valued at about $49,000. Institutional investors own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of research reports. Rosenblatt Securities reissued a "buy" rating and issued a $141.00 price objective on shares of Walt Disney in a report on Friday. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Walt Disney in a report on Wednesday, October 8th. Guggenheim boosted their price target on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, June 27th. Susquehanna restated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Jefferies Financial Group cut Walt Disney from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $132.90.

Walt Disney Trading Up 1.2%

Shares of DIS opened at $112.01 on Tuesday. The firm has a market cap of $201.39 billion, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a 50 day simple moving average of $114.85 and a two-hundred day simple moving average of $111.19.

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

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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