The Walt Disney Company $DIS Position Raised by First Fiduciary Investment Counsel Inc.

First Fiduciary Investment Counsel Inc. raised its position in shares of The Walt Disney Company (NYSE:DIS) by 39.6% during the second quarter, HoldingsChannel reports. The firm owned 127,112 shares of the entertainment giant’s stock after purchasing an additional 36,087 shares during the period. Walt Disney makes up approximately 3.1% of First Fiduciary Investment Counsel Inc.’s holdings, making the stock its 9th biggest holding. First Fiduciary Investment Counsel Inc.’s holdings in Walt Disney were worth $15,763,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Blue Zone Wealth Advisors LLC raised its position in Walt Disney by 1.6% during the second quarter. Blue Zone Wealth Advisors LLC now owns 45,872 shares of the entertainment giant’s stock valued at $5,689,000 after purchasing an additional 702 shares in the last quarter. PDS Planning Inc raised its position in Walt Disney by 9.4% during the second quarter. PDS Planning Inc now owns 9,445 shares of the entertainment giant’s stock valued at $1,171,000 after purchasing an additional 810 shares in the last quarter. Blue Trust Inc. raised its position in Walt Disney by 21.5% during the second quarter. Blue Trust Inc. now owns 13,348 shares of the entertainment giant’s stock valued at $1,655,000 after purchasing an additional 2,364 shares in the last quarter. Verde Servicos Internacionais S.A. purchased a new stake in Walt Disney during the second quarter valued at about $9,215,000. Finally, Moseley Investment Management Inc. raised its position in Walt Disney by 5.1% during the second quarter. Moseley Investment Management Inc. now owns 12,658 shares of the entertainment giant’s stock valued at $1,570,000 after purchasing an additional 611 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 1.6%

NYSE DIS opened at $109.17 on Friday. 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 stock has a market capitalization of $196.27 billion, a PE ratio of 17.11, a PEG ratio of 1.46 and a beta of 1.54. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The business’s 50-day moving average is $115.36 and its 200 day moving average is $110.34.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.Walt Disney’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $1.39 earnings per share. Sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on DIS. Citigroup raised 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. UBS Group raised their price objective on Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Jefferies Financial Group cut Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Rosenblatt Securities raised their price objective on Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Finally, Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock 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.