Beam Wealth Advisors Inc. Raises Position in The Walt Disney Company (NYSE:DIS)

Beam Wealth Advisors Inc. boosted its position in The Walt Disney Company (NYSE:DIS) by 593.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,133 shares of the entertainment giant’s stock after purchasing an additional 15,517 shares during the period. Beam Wealth Advisors Inc.’s holdings in Walt Disney were worth $1,800,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of DIS. Vanguard Group Inc. grew its stake in shares of Walt Disney by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock worth $18,815,185,000 after acquiring an additional 2,325,582 shares during the period. Norges Bank purchased a new stake in Walt Disney during the fourth quarter valued at about $1,938,647,000. Bank of New York Mellon Corp boosted its position in Walt Disney by 10.8% during the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after purchasing an additional 1,449,730 shares during the period. Jennison Associates LLC bought a new position in Walt Disney during the first quarter worth about $1,490,492,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Walt Disney by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock worth $1,473,252,000 after purchasing an additional 293,482 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on DIS shares. Barclays dropped their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. UBS Group dropped their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Loop Capital reduced their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Macquarie dropped their price objective on Walt Disney from $107.00 to $94.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Finally, Redburn Atlantic upgraded Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price for the company in a research note on Tuesday, May 21st. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $117.95.

Insider Activity

In related news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Stock Performance

Walt Disney stock opened at $88.34 on Tuesday. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a market cap of $160.21 billion, a P/E ratio of 96.02, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The firm’s fifty day moving average price is $91.79 and its 200-day moving average price is $103.05.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. Walt Disney’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 earnings per share. On average, equities research analysts expect that The Walt Disney Company will post 4.92 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.