Grimes & Company Inc. Has $15.83 Million Stake in The Walt Disney Company (NYSE:DIS)

Grimes & Company Inc. trimmed its holdings in The Walt Disney Company (NYSE:DIS) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 164,540 shares of the entertainment giant’s stock after selling 1,780 shares during the period. Grimes & Company Inc.’s holdings in Walt Disney were worth $15,827,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Sendero Wealth Management LLC increased its stake in shares of Walt Disney by 2.0% during the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock worth $569,000 after purchasing an additional 89 shares during the period. Regent Peak Wealth Advisors LLC increased its stake in shares of Walt Disney by 3.5% during the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock worth $343,000 after purchasing an additional 94 shares during the period. Horizon Bancorp Inc. IN increased its stake in shares of Walt Disney by 6.1% during the first quarter. Horizon Bancorp Inc. IN now owns 1,674 shares of the entertainment giant’s stock worth $205,000 after purchasing an additional 96 shares during the period. KFA Private Wealth Group LLC increased its stake in shares of Walt Disney by 4.1% during the first quarter. KFA Private Wealth Group LLC now owns 2,691 shares of the entertainment giant’s stock worth $329,000 after purchasing an additional 106 shares during the period. Finally, Transcendent Capital Group LLC increased its stake in shares of Walt Disney by 1.4% during the first quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock worth $968,000 after purchasing an additional 108 shares during the period. Institutional investors own 65.71% of the company’s stock.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 0.3 %

DIS traded down $0.30 during midday trading on Thursday, hitting $95.94. 305,701 shares of the company were exchanged, compared to its average volume of 10,862,149. The firm has a market capitalization of $174.90 billion, a P/E ratio of 104.61, a P/E/G ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 1-year low of $79.23 and a 1-year high of $123.74. The firm’s 50 day moving average price is $92.36 and its 200-day moving average price is $98.44. 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 announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping 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 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 business earned $1.03 EPS. As a group, equities analysts forecast that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. JPMorgan Chase & Co. lowered their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Macquarie lowered their price objective on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, September 19th. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. UBS Group lowered their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Wells Fargo & Company lowered their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $118.05.

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.