Frisch Financial Group Inc. Lowers Stock Position in The Walt Disney Company (NYSE:DIS)

Frisch Financial Group Inc. lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 5.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,094 shares of the entertainment giant’s stock after selling 1,207 shares during the quarter. Frisch Financial Group Inc.’s holdings in Walt Disney were worth $2,094,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Walt Disney by 1.5% during the first quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock valued at $18,815,185,000 after buying an additional 2,325,582 shares during the period. Bank of New York Mellon Corp lifted its position in Walt Disney by 10.8% during the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock valued at $1,477,831,000 after buying an additional 1,449,730 shares during the period. Jennison Associates LLC purchased a new position in Walt Disney during the first quarter valued at $1,490,492,000. Price T Rowe Associates Inc. MD raised its position in shares of Walt Disney by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock worth $1,473,252,000 after purchasing an additional 293,482 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Walt Disney by 4.4% in the 4th quarter. Fisher Asset Management LLC now owns 7,201,556 shares of the entertainment giant’s stock worth $650,229,000 after purchasing an additional 306,676 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DIS shares. UBS Group lowered their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Bank of America lowered their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target for the company in a research report on Tuesday, May 21st. The Goldman Sachs Group started coverage on Walt Disney in a research report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target for the company. Finally, JPMorgan Chase & Co. lowered their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.95.

Walt Disney Trading Up 1.4 %

Walt Disney stock opened at $91.84 on Tuesday. The business has a 50-day simple moving average of $90.95 and a two-hundred day simple moving average of $102.35. The company has a market cap of $166.56 billion, a P/E ratio of 99.83, a P/E/G ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $1.03 EPS. Analysts predict that The Walt Disney Company will post 4.92 EPS for the current year.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald acquired 11,756 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.

About Walt Disney

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.