The Walt Disney Company (NYSE:DIS) Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 8.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 17,012 shares of the entertainment giant’s stock after selling 1,572 shares during the period. Frank Rimerman Advisors LLC’s holdings in Walt Disney were worth $1,679,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DIS. Vanguard Group Inc. raised its holdings in Walt Disney by 1.6% in the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock valued at $15,383,615,000 after acquiring an additional 2,446,087 shares in the last quarter. Northern Trust Corp raised its position in shares of Walt Disney by 10.4% during the 4th quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant’s stock worth $2,476,693,000 after purchasing an additional 2,096,431 shares during the period. Bank of New York Mellon Corp lifted its stake in Walt Disney by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant’s stock valued at $1,758,968,000 after buying an additional 717,066 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Walt Disney by 21.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant’s stock worth $1,878,142,000 after buying an additional 3,016,339 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Walt Disney by 1.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,136,276 shares of the entertainment giant’s stock valued at $1,240,025,000 after acquiring an additional 192,871 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Down 0.4%

NYSE DIS opened at $112.40 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.61 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The firm’s fifty day simple moving average is $119.16 and its 200-day simple moving average is $108.01. The company has a market capitalization of $202.07 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 1.62 and a beta of 1.56.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 EPS. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

DIS has been the subject of a number of analyst reports. Rosenblatt Securities boosted their price target on Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Morgan Stanley upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Wolfe Research upgraded shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. boosted their price target on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Thursday. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $131.14.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president directly owned 46,831 shares of the company’s stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.16% of the company’s stock.

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.