Citizens Financial Group Inc. RI Acquires 5,881 Shares of The Walt Disney Company (NYSE:DIS)

Key Points

• Citizens Financial Group Inc. increased its holdings in The Walt Disney Company by 2.6%, owning 228,094 shares valued at $22.5 million as of the latest reporting period.
• Walt Disney reported earnings per share of $1.45 for the last quarter, surpassing analysts' estimates and marking a 7% revenue increase from the prior year.
• Several analysts have raised their price targets for Disney, with Citigroup's target increasing from $125 to $140, enhancing the stock's overall outlook as a 'buy'.

Citizens Financial Group Inc. RI boosted its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 2.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,094 shares of the entertainment giant's stock after purchasing an additional 5,881 shares during the quarter. Citizens Financial Group Inc. RI's holdings in Walt Disney were worth $22,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney during the fourth quarter worth approximately $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Walt Disney in the 1st quarter worth $26,000. Kessler Investment Group LLC lifted its stake in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after purchasing an additional 200 shares during the last quarter. Copia Wealth Management purchased a new stake in Walt Disney during the fourth quarter valued at about $36,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of Walt Disney during the fourth quarter valued at about $39,000. 65.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DIS shares. JPMorgan Chase & Co. boosted their target price on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Citigroup raised their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. UBS Group upped their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Wall Street Zen downgraded Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. Finally, Guggenheim upped their price target on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $129.83.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president owned 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Stock Down 2.0%

Shares of DIS traded down $2.28 during mid-day trading on Thursday, reaching $112.89. The company had a trading volume of 15,471,053 shares, compared to its average volume of 8,322,005. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.61 and a current ratio of 0.72. The company has a market capitalization of $202.94 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 1.68 and a beta of 1.56. The firm has a 50-day moving average price of $119.18 and a 200 day moving average price of $107.98. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating 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 business had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. During the same quarter in the previous year, the business earned $1.39 earnings per share. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

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.