First Fiduciary Investment Counsel Inc. Has $15.76 Million Position in The Walt Disney Company $DIS

Key Points

• First Fiduciary Investment Counsel Inc. increased its stake in The Walt Disney Company by 39.6% during the 2nd quarter, holding a total of 127,112 shares valued at approximately $15.76 million.
• Walt Disney reported $1.61 earnings per share for the most recent quarter, exceeding analysts' expectations of $1.45, on revenues of $23.65 billion.
• Numerous brokerages have issued a buy rating on Disney, with a consensus target price of $131.18 following recent price adjustments by top financial institutions.

First Fiduciary Investment Counsel Inc. raised its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 39.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 127,112 shares of the entertainment giant's stock after purchasing an additional 36,087 shares during the period. Walt Disney accounts for approximately 3.1% of First Fiduciary Investment Counsel Inc.'s portfolio, making the stock its 9th largest holding. First Fiduciary Investment Counsel Inc.'s holdings in Walt Disney were worth $15,763,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Blue Zone Wealth Advisors LLC grew its holdings 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 during the period. PDS Planning Inc grew its holdings 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 during the period. Blue Trust Inc. grew its holdings 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 during the period. Verde Servicos Internacionais S.A. bought a new position in Walt Disney during the second quarter valued at $9,215,000. Finally, Moseley Investment Management Inc. grew its holdings 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 during the period. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Down 1.6%

Shares of DIS stock opened at $109.17 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a market capitalization of $196.27 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.46 and a beta of 1.54. The business's fifty day moving average is $115.36 and its 200 day moving average is $110.34.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter last year, the business posted $1.39 earnings per share. The firm's revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on DIS. Stephens reissued a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. JPMorgan Chase & Co. increased their target price on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Evercore ISI increased their target price on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Chardan Capital restated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.18.

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.

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