The Walt Disney Company $DIS Shares Sold by Beacon Investment Advisory Services Inc.

Key Points

• Beacon Investment Advisory Services Inc. decreased its stake in The Walt Disney Company by 8.3%, leaving them with 90,142 shares valued at approximately $11.18 million after selling 8,155 shares in Q2.
• Research analysts have varied ratings on Disney, with prices ranging from $125.00 to $141.00, and a consensus average target price of $131.18.
• Walt Disney’s latest earnings report showed earnings per share of $1.61, exceeding estimates and reflecting a 2.1% increase in revenue year-over-year.

Beacon Investment Advisory Services Inc. reduced its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 8.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,142 shares of the entertainment giant's stock after selling 8,155 shares during the period. Beacon Investment Advisory Services Inc.'s holdings in Walt Disney were worth $11,179,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Harrell Investment Partners LLC acquired a new stake in shares of Walt Disney during the 2nd quarter valued at approximately $1,674,000. Missouri Trust & Investment Co raised its position in shares of Walt Disney by 2.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 14,550 shares of the entertainment giant's stock valued at $1,804,000 after acquiring an additional 310 shares in the last quarter. Regatta Capital Group LLC increased its position in Walt Disney by 2.5% in the second quarter. Regatta Capital Group LLC now owns 34,340 shares of the entertainment giant's stock worth $4,258,000 after buying an additional 851 shares during the period. Signet Financial Management LLC increased its position in Walt Disney by 7.0% in the second quarter. Signet Financial Management LLC now owns 3,116 shares of the entertainment giant's stock worth $386,000 after buying an additional 203 shares during the period. Finally, Retireful LLC acquired a new stake in Walt Disney in the second quarter worth $292,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DIS shares. Rosenblatt Securities increased their target price on Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Wall Street Zen lowered Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Stephens reaffirmed a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Trading Up 1.1%

Shares of DIS stock opened at $113.49 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The stock has a market capitalization of $204.05 billion, a P/E ratio of 17.79, a P/E/G ratio of 1.62 and a beta of 1.55. The stock has a 50-day simple moving average of $117.30 and a 200 day simple moving average of $109.27.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same quarter last year, the company posted $1.39 EPS. Walt Disney's revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side 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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