The Walt Disney Company (NYSE:DIS) Shares Purchased by First Fiduciary Investment Counsel Inc.

First Fiduciary Investment Counsel Inc. lifted its position in The Walt Disney Company (NYSE:DIS - Free Report) by 10.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,667 shares of the entertainment giant's stock after purchasing an additional 8,236 shares during the quarter. Walt Disney makes up 1.7% of First Fiduciary Investment Counsel Inc.'s investment portfolio, making the stock its 28th biggest holding. First Fiduciary Investment Counsel Inc.'s holdings in Walt Disney were worth $8,433,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Applied Finance Capital Management LLC raised its position in Walt Disney by 12.3% in the 3rd quarter. Applied Finance Capital Management LLC now owns 439,274 shares of the entertainment giant's stock valued at $42,254,000 after purchasing an additional 48,189 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Walt Disney in the third quarter valued at about $2,942,000. Capital Performance Advisors LLP acquired a new stake in shares of Walt Disney during the third quarter worth about $172,000. Granite Group Advisors LLC grew its holdings in shares of Walt Disney by 47.7% during the third quarter. Granite Group Advisors LLC now owns 739,835 shares of the entertainment giant's stock worth $71,165,000 after buying an additional 238,893 shares during the last quarter. Finally, Reik & CO. LLC increased its position in Walt Disney by 124.8% in the 3rd quarter. Reik & CO. LLC now owns 8,613 shares of the entertainment giant's stock valued at $828,000 after acquiring an additional 4,781 shares during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DIS. Bank of America lowered their target price on Walt Disney from $145.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. 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 research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Walt Disney from $130.00 to $115.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Evercore ISI dropped their price target on shares of Walt Disney from $128.00 to $105.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. Finally, Piper Sandler assumed coverage on Walt Disney in a report on Wednesday, October 16th. They issued a "neutral" rating and a $95.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and an average price target of $118.05.

Walt Disney Price Performance

Shares of NYSE DIS traded up $0.09 on Friday, hitting $99.02. The company's stock had a trading volume of 7,982,113 shares, compared to its average volume of 7,450,800. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a 50 day moving average of $93.90 and a 200-day moving average of $97.05. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a market capitalization of $179.58 billion, a price-to-earnings ratio of 38.08, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. Walt Disney's revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. As a group, research analysts predict that The Walt Disney Company will post 4.93 EPS for the current year.

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.