First Financial Group Corp Trims Stock Holdings in The Walt Disney Company $DIS

First Financial Group Corp lowered its position in The Walt Disney Company (NYSE:DIS) by 5.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 2,869 shares of the entertainment giant’s stock after selling 163 shares during the period. First Financial Group Corp’s holdings in Walt Disney were worth $356,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DIS. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney during the first quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. raised its stake in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares during the last quarter. Kessler Investment Group LLC raised its stake in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after purchasing an additional 200 shares during the last quarter. First PREMIER Bank raised its stake in shares of Walt Disney by 72.2% during the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock worth $48,000 after purchasing an additional 205 shares during the last quarter. Finally, RMG Wealth Management LLC purchased a new stake in shares of Walt Disney during the second quarter worth approximately $49,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 0.2%

DIS opened at $112.54 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The firm has a market cap of $202.33 billion, a P/E ratio of 17.64, a PEG ratio of 1.48 and a beta of 1.54. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The business’s fifty day simple moving average is $115.82 and its 200 day simple moving average is $110.21.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data 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 business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.39 earnings per share. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Susquehanna restated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Guggenheim upped their price target on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Walt Disney in a research note on Saturday, September 27th. Citigroup upped their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Finally, Rosenblatt Securities upped their price objective on Walt Disney from $140.00 to $141.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $131.18.

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.