The Walt Disney Company (NYSE:DIS) is Beta Wealth Group Inc.’s 10th Largest Position

Beta Wealth Group Inc. lessened its position in shares of The Walt Disney Company (NYSE:DIS) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,985 shares of the entertainment giant’s stock after selling 3,350 shares during the quarter. Walt Disney accounts for 2.6% of Beta Wealth Group Inc.’s portfolio, making the stock its 10th largest position. Beta Wealth Group Inc.’s holdings in Walt Disney were worth $4,965,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DIS. Avitas Wealth Management LLC lifted its position in Walt Disney by 2.2% during the fourth quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock valued at $997,000 after purchasing an additional 238 shares during the period. WNY Asset Management LLC boosted its stake in shares of Walt Disney by 32.8% in the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock worth $756,000 after buying an additional 2,304 shares during the last quarter. Telos Capital Management Inc. grew its holdings in Walt Disney by 1.7% during the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after acquiring an additional 1,236 shares during the period. Stelac Advisory Services LLC raised its position in Walt Disney by 7.7% during the third quarter. Stelac Advisory Services LLC now owns 68,909 shares of the entertainment giant’s stock valued at $5,598,000 after acquiring an additional 4,915 shares in the last quarter. Finally, Howard Capital Management Group LLC lifted its holdings in Walt Disney by 1.8% in the fourth quarter. Howard Capital Management Group LLC now owns 213,601 shares of the entertainment giant’s stock valued at $19,286,000 after acquiring an additional 3,716 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Trading Up 1.1 %

Walt Disney stock traded up $1.10 during trading on Friday, reaching $101.76. 6,451,579 shares of the company were exchanged, compared to its average volume of 12,550,620. The stock’s 50 day simple moving average is $112.52 and its two-hundred day simple moving average is $103.17. The company has a market capitalization of $185.51 billion, a P/E ratio of 110.61, a PEG ratio of 1.26 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same quarter in the previous year, the firm earned $0.93 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts expect that The Walt Disney Company will post 4.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James P. Gorman acquired 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DIS. The Goldman Sachs Group dropped their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Morgan Stanley upped their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Rosenblatt Securities raised their target price on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Needham & Company LLC restated a “buy” rating and issued a $145.00 price target on shares of Walt Disney in a research note on Tuesday, May 7th. Finally, Argus increased their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.29.

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.