Trade Report: Today: Beacon Investment Advisory Services Inc. reached $334,000 position of Today: Walt Disney Co. (DIS)

Today: Beacon Investment Advisory Services Inc. reached $334,000 position  of Today: Walt Disney Co. (DIS)

Beacon Investment Advisory Services Inc. maintained its stake in shares of The Walt Disney Co. (NYSE:DIS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,415 shares of the entertainment giant’s stock at the end of the second quarter. Beacon Investment Advisory Services Inc.’s holdings in The Walt Disney were worth $334,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bank of Montreal Can purchased a new stake in shares of The Walt Disney during the second quarter valued at about $202,393,000. Emerald Acquisition Ltd. bought a new position in shares of The Walt Disney during the second quarter valued at $201,593,000. Nordea Investment Management AB boosted its position in shares of The Walt Disney by 430.0% in the second quarter. Nordea Investment Management AB now owns 2,156,556 shares of the entertainment giant’s stock valued at $210,954,000 after buying an additional 1,749,646 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of The Walt Disney by 6.5% in the first quarter. TIAA CREF Investment Management LLC now owns 10,992,868 shares of the entertainment giant’s stock valued at $1,091,702,000 after buying an additional 674,334 shares during the period. Finally, Virginia Retirement System bought a new position in shares of The Walt Disney during the first quarter valued at $55,212,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Shares of The Walt Disney Co. (NYSE:DIS) traded down 0.20% during trading on Monday, reaching $91.12. The company had a trading volume of 664,537 shares. The company’s 50 day moving average is $92.91 and its 200-day moving average is $97.49. The Walt Disney Co. has a 1-year low of $86.25 and a 1-year high of $120.65. The stock has a market capitalization of $146.44 billion, a price-to-earnings ratio of 16.38 and a beta of 1.25.

The Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.01. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same period in the previous year, the company earned $1.45 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities research analysts anticipate that The Walt Disney Co. will post $5.78 earnings per share for the current year.

Several equities analysts have recently weighed in on the company. Morgan Stanley reiterated a “hold” rating on shares of The Walt Disney in a research report on Sunday, July 17th. FBR & Co reiterated a “hold” rating on shares of The Walt Disney in a research report on Sunday, September 4th. Wells Fargo & Co. cut The Walt Disney to a “hold” rating in a research report on Thursday, August 25th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $108.00 price target (down from $109.00) on shares of The Walt Disney in a research report on Thursday, August 11th. Finally, Brean Capital reiterated a “hold” rating on shares of The Walt Disney in a research report on Thursday, August 11th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The Walt Disney presently has an average rating of “Hold” and a consensus price target of $109.56.

The Walt Disney Company Profile

The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.

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