Nemes Rush Group LLC Buys 738 Shares of The Walt Disney Company (NYSE:DIS)

Nemes Rush Group LLC increased its position in shares of The Walt Disney Company (NYSE:DIS) by 6.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,828 shares of the entertainment giant’s stock after acquiring an additional 738 shares during the quarter. Nemes Rush Group LLC’s holdings in Walt Disney were worth $1,174,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Gryphon Financial Partners LLC acquired a new position in Walt Disney in the fourth quarter valued at about $603,000. Vectors Research Management LLC acquired a new position in shares of Walt Disney in the 4th quarter valued at approximately $213,000. Alberta Investment Management Corp grew its position in shares of Walt Disney by 17.9% in the 4th quarter. Alberta Investment Management Corp now owns 49,500 shares of the entertainment giant’s stock valued at $4,469,000 after purchasing an additional 7,500 shares during the period. Paulson Wealth Management Inc. increased its stake in Walt Disney by 40.6% during the 4th quarter. Paulson Wealth Management Inc. now owns 7,389 shares of the entertainment giant’s stock worth $667,000 after purchasing an additional 2,132 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC raised its holdings in Walt Disney by 1.6% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 9,640 shares of the entertainment giant’s stock worth $870,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $96.01 on Friday. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The stock has a 50 day moving average of $90.40 and a 200-day moving average of $101.30. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $175.03 billion, a P/E ratio of 104.36, a P/E/G ratio of 1.53 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 earnings per share. As a group, equities research analysts predict that The Walt Disney Company will post 4.92 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Evercore ISI dropped their price objective on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Raymond James cut their price target on Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Loop Capital decreased their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Morgan Stanley cut their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, Macquarie decreased their price target on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Three analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.43.

Insider Buying and Selling at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

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.