The Walt Disney Company $DIS Shares Sold by First Financial Group Corp

First Financial Group Corp cut its stake in The Walt Disney Company (NYSE:DIS) by 5.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,869 shares of the entertainment giant’s stock after selling 163 shares during the quarter. First Financial Group Corp’s holdings in Walt Disney were worth $356,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. J. Safra Sarasin Holding AG increased its position in shares of Walt Disney by 8.1% during the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock worth $21,983,000 after purchasing an additional 16,781 shares during the last quarter. Planning Directions Inc. acquired a new stake in shares of Walt Disney during the 1st quarter worth about $326,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Walt Disney during the 2nd quarter worth about $4,220,599,000. Wedge Capital Management L L P NC increased its position in shares of Walt Disney by 8,744.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock worth $39,724,000 after purchasing an additional 316,707 shares during the last quarter. Finally, WoodTrust Financial Corp increased its position in shares of Walt Disney by 6.7% during the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock worth $9,491,000 after purchasing an additional 6,047 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DIS has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a research report on Saturday, September 27th. UBS Group lifted their target price on Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Guggenheim lifted their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, June 27th. Jefferies Financial Group downgraded Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Finally, Barclays lifted their target price on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Nineteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Price Performance

DIS stock opened at $112.54 on Wednesday. The business has a 50 day moving average price of $115.82 and a 200 day moving average price of $110.21. The stock has a market cap of $202.33 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 1.48 and a beta of 1.54. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion during 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%.The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.39 earnings per share. Equities research analysts anticipate 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.