Citizens Financial Group Inc. RI Purchases 68,698 Shares of The Walt Disney Company (NYSE:DIS)

Citizens Financial Group Inc. RI increased its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 42.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,530 shares of the entertainment giant's stock after acquiring an additional 68,698 shares during the period. Citizens Financial Group Inc. RI's holdings in Walt Disney were worth $22,175,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Transcendent Capital Group LLC increased its holdings in shares of Walt Disney by 1.4% in the 1st 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 in the last quarter. Connable Office Inc. increased its holdings in Walt Disney by 0.3% in the 3rd quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant's stock worth $3,371,000 after acquiring an additional 108 shares in the last quarter. ADE LLC boosted its holdings in Walt Disney by 4.6% in the 2nd quarter. ADE LLC now owns 2,509 shares of the entertainment giant's stock worth $249,000 after buying an additional 110 shares during the period. Cozad Asset Management Inc. raised its stake in Walt Disney by 1.9% during the 3rd quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant's stock valued at $579,000 after purchasing an additional 110 shares during the period. Finally, Absher Wealth Management LLC grew its stake in Walt Disney by 0.8% during the third quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant's stock valued at $1,360,000 after acquiring an additional 111 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Needham & Company LLC lifted their target price on Walt Disney from $110.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Raymond James restated a "market perform" rating on shares of Walt Disney in a research note on Tuesday, October 1st. Macquarie raised their price objective on Walt Disney from $91.00 to $110.00 and gave the stock a "neutral" rating in a research report on Friday, November 15th. UBS Group dropped their price objective on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Finally, Barclays dropped their price objective on shares of Walt Disney from $130.00 to $105.00 and set an "overweight" rating on the stock in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney has a consensus rating of "Moderate Buy" and an average price target of $123.83.

Walt Disney Trading Up 1.0 %

Walt Disney stock traded up $1.18 during midday trading on Thursday, reaching $115.44. The stock had a trading volume of 3,844,579 shares, compared to its average volume of 10,985,663. The firm's fifty day simple moving average is $97.07 and its two-hundred day simple moving average is $96.72. The firm has a market cap of $209.05 billion, a price-to-earnings ratio of 42.17, a PEG ratio of 2.09 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74.

Walt Disney 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.