Sunbeam Capital Management LLC Purchases Shares of 1,629 The Walt Disney Company $DIS

Sunbeam Capital Management LLC acquired a new position in The Walt Disney Company (NYSE:DIS) during the second quarter, HoldingsChannel reports. The firm acquired 1,629 shares of the entertainment giant’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its stake in shares of Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after acquiring an additional 1,904 shares during the period. OLD National Bancorp IN increased its holdings in Walt Disney by 5.7% in the 1st quarter. OLD National Bancorp IN now owns 18,015 shares of the entertainment giant’s stock valued at $1,778,000 after purchasing an additional 964 shares in the last quarter. Park Avenue Securities LLC raised its position in Walt Disney by 4.4% in the first quarter. Park Avenue Securities LLC now owns 73,299 shares of the entertainment giant’s stock valued at $7,233,000 after purchasing an additional 3,073 shares during the period. First Citizens Bank & Trust Co. lifted its stake in shares of Walt Disney by 5.7% during the first quarter. First Citizens Bank & Trust Co. now owns 35,564 shares of the entertainment giant’s stock worth $3,510,000 after purchasing an additional 1,933 shares in the last quarter. Finally, Wesbanco Bank Inc. boosted its position in shares of Walt Disney by 8.9% in the first quarter. Wesbanco Bank Inc. now owns 52,601 shares of the entertainment giant’s stock worth $5,192,000 after buying an additional 4,291 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DIS. Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a report on Friday. Raymond James Financial reiterated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Evercore ISI boosted their target price on shares of Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a report on Saturday, September 27th. Nineteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.18.

Walt Disney Stock Up 0.3%

DIS stock opened at $112.83 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The firm has a 50 day simple moving average of $115.97 and a 200-day simple moving average of $110.19. The company has a market capitalization of $202.86 billion, a P/E ratio of 17.68, a PEG ratio of 1.48 and a beta of 1.54. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the prior year, the firm posted $1.39 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts predict 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.