The Walt Disney Company (NYSE:DIS) Shares Sold by Beam Wealth Advisors Inc.

Key Points

• Beam Wealth Advisors Inc. reduced its stake in The Walt Disney Company by 17.1%, ending the quarter with 14,969 shares valued at approximately $1.48 million.
• Walt Disney reported earnings per share of $1.61 for the last quarter, surpassing analysts' expectations of $1.45, with revenues of $23.65 billion.
• Institutional investors currently own 65.71% of Walt Disney's stock, reflecting ongoing interest from major investment firms.

Beam Wealth Advisors Inc. cut its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 17.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,969 shares of the entertainment giant's stock after selling 3,092 shares during the quarter. Beam Wealth Advisors Inc.'s holdings in Walt Disney were worth $1,477,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Brighton Jones LLC boosted its holdings in Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after purchasing an additional 1,904 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Walt Disney by 4.2% in the 4th quarter. Bessemer Group Inc. now owns 54,562 shares of the entertainment giant's stock valued at $6,075,000 after buying an additional 2,182 shares during the period. F M Investments LLC boosted its stake in shares of Walt Disney by 1,163.5% in the fourth quarter. F M Investments LLC now owns 56,316 shares of the entertainment giant's stock worth $6,271,000 after buying an additional 51,859 shares during the last quarter. Phoenix Financial Ltd. grew its holdings in Walt Disney by 5.4% during the fourth quarter. Phoenix Financial Ltd. now owns 97,124 shares of the entertainment giant's stock worth $10,857,000 after acquiring an additional 5,009 shares during the period. Finally, Redwood Park Advisors LLC acquired a new position in Walt Disney in the fourth quarter valued at approximately $53,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Down 2.0%

Shares of DIS opened at $112.89 on Friday. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The stock has a market cap of $202.94 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 1.68 and a beta of 1.56. The firm's fifty day moving average is $119.18 and its two-hundred day moving average is $107.98. The company has a quick ratio of 0.61, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly 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 for 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 quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.39 earnings per share. Research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president owned 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.16% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on DIS shares. Wall Street Zen cut shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. Rosenblatt Securities raised their price target on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Morgan Stanley upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday. Barclays raised their target price on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Finally, Guggenheim upped their price target on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $129.83.

Walt Disney 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.

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