Frank Rimerman Advisors LLC Has $1.73 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Frank Rimerman Advisors LLC grew its position in The Walt Disney Company (NYSE:DIS) by 4,101.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 17,395 shares of the entertainment giant’s stock after buying an additional 16,981 shares during the period. Frank Rimerman Advisors LLC’s holdings in Walt Disney were worth $1,727,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gryphon Financial Partners LLC bought a new position in shares of Walt Disney in the 4th quarter valued at about $603,000. ProVise Management Group LLC boosted its stake in Walt Disney by 7.3% in the fourth quarter. ProVise Management Group LLC now owns 5,546 shares of the entertainment giant’s stock valued at $501,000 after acquiring an additional 379 shares during the last quarter. Congress Wealth Management LLC DE boosted its stake in Walt Disney by 191.1% in the fourth quarter. Congress Wealth Management LLC DE now owns 11,183 shares of the entertainment giant’s stock valued at $1,010,000 after acquiring an additional 7,341 shares during the last quarter. Linscomb & Williams Inc. grew its holdings in Walt Disney by 11.6% during the 4th quarter. Linscomb & Williams Inc. now owns 3,108 shares of the entertainment giant’s stock worth $281,000 after acquiring an additional 323 shares during the period. Finally, Cape Investment Advisory Inc. raised its position in shares of Walt Disney by 35.7% during the 4th quarter. Cape Investment Advisory Inc. now owns 13,247 shares of the entertainment giant’s stock valued at $1,196,000 after acquiring an additional 3,483 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of recent analyst reports. Bank of America dropped their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Macquarie lowered their price target on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday. Barclays reduced their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. lowered their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, Raymond James decreased their price target on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $118.43.

Walt Disney Trading Up 0.3 %

Shares of NYSE:DIS opened at $93.75 on Monday. The stock has a market capitalization of $170.91 billion, a PE ratio of 101.90, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The company’s 50-day moving average price is $90.67 and its two-hundred day moving average price is $101.83. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 earnings per share. On average, equities analysts forecast that The Walt Disney Company will post 4.92 EPS 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.