First Fiduciary Investment Counsel Inc. Has $8.43 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

First Fiduciary Investment Counsel Inc. boosted its position in shares of The Walt Disney Company (NYSE:DIS) by 10.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 87,667 shares of the entertainment giant’s stock after buying an additional 8,236 shares during the quarter. Walt Disney makes up approximately 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC increased its stake in Walt Disney by 8.4% during the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after acquiring an additional 5,184 shares during the period. Lmcg Investments LLC increased its stake in Walt Disney by 18.6% during the third quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock valued at $14,174,000 after acquiring an additional 23,116 shares during the period. PGGM Investments bought a new position in Walt Disney during the first quarter valued at about $1,036,000. Nisa Investment Advisors LLC increased its stake in Walt Disney by 22.2% during the third quarter. Nisa Investment Advisors LLC now owns 704,887 shares of the entertainment giant’s stock valued at $67,803,000 after acquiring an additional 127,859 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in Walt Disney by 30.8% during the first quarter. Advisors Asset Management Inc. now owns 25,987 shares of the entertainment giant’s stock valued at $3,180,000 after acquiring an additional 6,118 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Up 0.1 %

NYSE:DIS opened at $99.04 on Friday. The stock’s fifty day moving average price is $93.90 and its two-hundred day moving average price is $97.05. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market cap of $179.62 billion, a price-to-earnings ratio of 38.09, a P/E/G ratio of 1.52 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter in the prior year, the business earned $1.03 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, analysts anticipate that The Walt Disney Company will post 4.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DIS. Macquarie lowered their price objective on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, September 19th. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Morgan Stanley lowered their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Loop Capital lowered their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $118.05.

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.