RMR Wealth Builders Purchases 1,923 Shares of The Walt Disney Company $DIS

RMR Wealth Builders lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 31.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,028 shares of the entertainment giant’s stock after purchasing an additional 1,923 shares during the quarter. RMR Wealth Builders’ holdings in Walt Disney were worth $996,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DIS. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Walt Disney during the first quarter worth about $26,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth about $27,000. Kessler Investment Group LLC raised its position in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after purchasing an additional 200 shares during the period. Copia Wealth Management acquired a new stake in shares of Walt Disney during the fourth quarter worth about $36,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Walt Disney during the fourth quarter worth about $39,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Down 0.9%

Shares of NYSE:DIS opened at $116.02 on Monday. The company’s 50-day moving average price is $118.34 and its two-hundred day moving average price is $108.99. 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 stock has a market capitalization of $208.60 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 1.68 and a beta of 1.55.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $23.69 billion. During the same period in the previous year, the firm posted $1.39 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DIS has been the topic of several research reports. Barclays boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Evercore ISI upped their target price on shares of Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Wall Street Zen lowered shares of Walt Disney from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 20th. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.18.

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.