Frank Rimerman Advisors LLC Increases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Frank Rimerman Advisors LLC increased its holdings in The Walt Disney Company (NYSE:DIS) by 12.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 18,584 shares of the entertainment giant’s stock after purchasing an additional 2,058 shares during the period. Frank Rimerman Advisors LLC’s holdings in Walt Disney were worth $2,069,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in DIS. FPC Investment Advisory Inc. acquired a new position in Walt Disney in the fourth quarter valued at $28,000. Tacita Capital Inc boosted its holdings in Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after acquiring an additional 124 shares during the last quarter. Midwest Capital Advisors LLC acquired a new position in Walt Disney in the fourth quarter valued at $34,000. Bay Harbor Wealth Management LLC acquired a new position in Walt Disney in the fourth quarter valued at $35,000. Finally, Vision Financial Markets LLC acquired a new position in Walt Disney in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on DIS shares. Bank of America lifted their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Sanford C. Bernstein lifted their target price on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Prescient Securities reduced their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Evercore ISI boosted their price objective on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, Loop Capital boosted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.64.

Walt Disney Stock Up 1.9 %

Shares of Walt Disney stock opened at $98.73 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The firm has a market cap of $178.48 billion, a P/E ratio of 32.16, a P/E/G ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The business has a 50-day moving average price of $109.10 and a 200 day moving average price of $104.27.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. On average, sell-side analysts forecast 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.