Beacon Pointe Advisors LLC Has $26.05 Million Stake in The Walt Disney Company $DIS

Beacon Pointe Advisors LLC lowered its position in The Walt Disney Company (NYSE:DIS) by 33.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 210,091 shares of the entertainment giant’s stock after selling 104,680 shares during the period. Beacon Pointe Advisors LLC’s holdings in Walt Disney were worth $26,053,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. raised its holdings in shares of Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after purchasing an additional 94 shares in the last quarter. Harbor Asset Planning Inc. acquired a new position in Walt Disney during the second quarter worth $37,000. RMG Wealth Management LLC bought a new position in Walt Disney during the second quarter valued at about $49,000. Legacy Investment Solutions LLC bought a new position in Walt Disney during the second quarter valued at about $53,000. Finally, Wolff Wiese Magana LLC boosted its stake in shares of Walt Disney by 41.5% during the 2nd quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock worth $57,000 after acquiring an additional 135 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

NYSE:DIS opened at $106.68 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a fifty day moving average price of $110.26 and a 200 day moving average price of $114.87. The stock has a market cap of $190.45 billion, a P/E ratio of 16.72, a PEG ratio of 1.45 and a beta of 1.55.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.08. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $22.46 billion for the quarter, compared to the consensus estimate of $22.78 billion. During the same quarter in the previous year, the firm posted $1.14 EPS. The business’s revenue was down .5% compared to the same quarter last year. Analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, June 30th will be given a $0.75 dividend. The ex-dividend date is Tuesday, June 30th. This represents a dividend yield of 139.0%. Walt Disney’s dividend payout ratio (DPR) is currently 21.87%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Stephens reissued a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Evercore ISI lifted their price target on shares of Walt Disney from $140.00 to $142.00 and gave the company an “outperform” rating in a research report on Friday, November 14th. Rosenblatt Securities restated a “buy” rating and issued a $141.00 price objective on shares of Walt Disney in a research note on Friday, October 17th. Guggenheim reiterated a “buy” rating and issued a $140.00 target price on shares of Walt Disney in a research note on Friday, November 14th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Walt Disney in a report on Friday, November 14th. Eighteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $134.41.

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.