Beacon Pointe Advisors LLC Has $23.79 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Beacon Pointe Advisors LLC cut its stake in The Walt Disney Company (NYSE:DIS) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 213,632 shares of the entertainment giant’s stock after selling 3,952 shares during the period. Beacon Pointe Advisors LLC’s holdings in Walt Disney were worth $23,788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Walt Disney during the fourth quarter worth $49,000. Mission Creek Capital Partners Inc. boosted its stake in shares of Walt Disney by 12.9% during the 4th quarter. Mission Creek Capital Partners Inc. now owns 11,465 shares of the entertainment giant’s stock worth $1,277,000 after acquiring an additional 1,307 shares during the period. Gerber Kawasaki Wealth & Investment Management increased its holdings in shares of Walt Disney by 0.3% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 123,515 shares of the entertainment giant’s stock worth $13,753,000 after acquiring an additional 356 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in Walt Disney during the 4th quarter valued at $1,999,000. Finally, Bolthouse Investments LLC bought a new position in Walt Disney during the fourth quarter worth $398,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on DIS. Prescient Securities cut their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Citigroup reaffirmed a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Macquarie reissued a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. Needham & Company LLC reissued a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Tuesday, April 22nd. Finally, Morgan Stanley lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.75.

Walt Disney Stock Up 0.2 %

DIS opened at $90.23 on Monday. The firm has a 50-day simple moving average of $97.01 and a two-hundred day simple moving average of $104.24. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $118.63. The company has a market capitalization of $163.12 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.