Beech Hill Advisors Inc. Grows Stake in The Walt Disney Company (NYSE:DIS)

Beech Hill Advisors Inc. raised its stake in The Walt Disney Company (NYSE:DIS) by 0.7% during the second quarter, HoldingsChannel reports. The fund owned 46,135 shares of the entertainment giant’s stock after buying an additional 305 shares during the period. Walt Disney comprises approximately 2.0% of Beech Hill Advisors Inc.’s holdings, making the stock its 18th largest position. Beech Hill Advisors Inc.’s holdings in Walt Disney were worth $4,119,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Profit Investment Management LLC boosted its position in shares of Walt Disney by 19.8% during the second quarter. Profit Investment Management LLC now owns 8,793 shares of the entertainment giant’s stock valued at $785,000 after buying an additional 1,455 shares during the last quarter. Sanders Morris Harris LLC boosted its position in shares of Walt Disney by 396.3% during the second quarter. Sanders Morris Harris LLC now owns 18,238 shares of the entertainment giant’s stock valued at $1,646,000 after buying an additional 14,563 shares during the last quarter. Evanson Asset Management LLC boosted its position in shares of Walt Disney by 15.6% during the second quarter. Evanson Asset Management LLC now owns 4,647 shares of the entertainment giant’s stock valued at $415,000 after buying an additional 627 shares during the last quarter. Czech National Bank boosted its position in shares of Walt Disney by 0.5% during the second quarter. Czech National Bank now owns 216,338 shares of the entertainment giant’s stock valued at $19,315,000 after buying an additional 1,130 shares during the last quarter. Finally, Level Four Advisory Services LLC boosted its position in shares of Walt Disney by 5.5% during the second quarter. Level Four Advisory Services LLC now owns 41,701 shares of the entertainment giant’s stock valued at $3,723,000 after buying an additional 2,188 shares during the last quarter. 61.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Citigroup dropped their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, August 16th. Evercore ISI lowered their target price on Walt Disney from $130.00 to $110.00 and set an “outperform” rating on the stock in a report on Monday, July 24th. Wells Fargo & Company lowered their target price on Walt Disney from $146.00 to $110.00 and set an “overweight” rating on the stock in a report on Tuesday, September 5th. StockNews.com began coverage on Walt Disney in a report on Thursday, August 17th. They issued a “sell” rating on the stock. Finally, Credit Suisse Group lowered their target price on Walt Disney from $126.00 to $122.00 and set an “outperform” rating on the stock in a report on Monday, August 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $115.35.

Walt Disney Stock Performance

NYSE:DIS opened at $85.58 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 0.44. The Walt Disney Company has a 12-month low of $79.75 and a 12-month high of $118.18. The stock has a 50-day moving average price of $85.78 and a 200 day moving average price of $91.59. The stock has a market capitalization of $156.59 billion, a P/E ratio of 69.58, a P/E/G ratio of 1.68 and a beta of 1.28.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The firm had revenue of $22.33 billion during the quarter, compared to analysts’ expectations of $22.50 billion. During the same quarter last year, the business posted $1.09 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis. Equities research analysts forecast that The Walt Disney Company will post 3.68 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 959 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $89.05, for a total transaction of $85,398.95. Following the completion of the transaction, the executive vice president now owns 961 shares in the company, valued at approximately $85,577.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is currently owned by company insiders.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.