Grimes & Company Inc. Has $9.49 Million Stock Holdings in The Walt Disney Company $DIS

Grimes & Company Inc. cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 52.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,484 shares of the entertainment giant’s stock after selling 84,843 shares during the period. Grimes & Company Inc.’s holdings in Walt Disney were worth $9,485,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after purchasing an additional 2,446,087 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in Walt Disney during the second quarter valued at $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Walt Disney by 9.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant’s stock valued at $1,826,930,000 after buying an additional 1,642,907 shares during the period. Bank of New York Mellon Corp raised its position in Walt Disney by 4.2% during 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 period. Finally, Amundi raised its position in Walt Disney by 11.4% during the first quarter. Amundi now owns 14,882,195 shares of the entertainment giant’s stock valued at $1,468,873,000 after buying an additional 1,520,513 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DIS has been the topic of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Tuesday, September 23rd. Rosenblatt Securities upped their price target on Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Susquehanna reissued a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Citigroup upped their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Nineteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $131.18.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $112.49 on Monday. The business’s 50-day moving average price is $116.12 and its two-hundred day moving average price is $110.10. 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 company has a market capitalization of $202.25 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 1.48 and a beta of 1.54.

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

Walt Disney Company 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.