Fiduciary Financial Group LLC Purchases Shares of 5,430 The Walt Disney Company (NYSE:DIS)

Fiduciary Financial Group LLC acquired a new position in shares of The Walt Disney Company (NYSE:DIS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,430 shares of the entertainment giant’s stock, valued at approximately $535,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ESL Trust Services LLC acquired a new stake in Walt Disney during the 1st quarter valued at $31,000. Gold Investment Management Ltd. bought a new position in shares of Walt Disney in the fourth quarter valued at about $28,000. Partnership Wealth Management LLC bought a new stake in Walt Disney during the 4th quarter worth about $33,000. Stone House Investment Management LLC increased its position in Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after acquiring an additional 270 shares in the last quarter. Finally, Red Tortoise LLC raised its stake in shares of Walt Disney by 141.4% in the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after acquiring an additional 215 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Calvin Mcdonald acquired 11,756 shares of the stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price for the company in a research note on Tuesday, May 21st. Moffett Nathanson cut their target price on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Needham & Company LLC reduced their target price on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group began coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target for the company. Finally, Barclays reduced their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.21.

Walt Disney Stock Performance

NYSE:DIS traded up $0.49 during mid-day trading on Friday, reaching $89.29. 10,266,739 shares of the company’s stock were exchanged, compared to its average volume of 11,680,049. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The business’s fifty day simple moving average is $95.66 and its two-hundred day simple moving average is $104.84. The firm has a market capitalization of $162.77 billion, a PE ratio of 96.43, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis. Analysts anticipate that The Walt Disney Company will post 4.77 earnings per share for the current fiscal 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.