Fiducient Advisors LLC Buys 135 Shares of The Walt Disney Company (NYSE:DIS)

Fiducient Advisors LLC grew its stake in The Walt Disney Company (NYSE:DIS) by 4.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,283 shares of the entertainment giant’s stock after purchasing an additional 135 shares during the quarter. Fiducient Advisors LLC’s holdings in Walt Disney were worth $326,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gold Investment Management Ltd. purchased a new stake in Walt Disney in the fourth quarter worth about $28,000. ESL Trust Services LLC bought a new position in shares of Walt Disney in the 1st quarter worth approximately $31,000. Partnership Wealth Management LLC purchased a new position in shares of Walt Disney in the 4th quarter valued at approximately $33,000. Frank Rimerman Advisors LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $37,000. Finally, Mascoma Wealth Management LLC grew its stake in Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 122 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of DIS stock opened at $87.94 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The company has a 50 day moving average price of $91.98 and a 200-day moving average price of $103.22. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The firm has a market capitalization of $160.32 billion, a PE ratio of 95.59, a P/E/G ratio of 1.34 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 EPS. As a group, equities research analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DIS has been the subject of several recent research reports. Loop Capital lowered their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Raymond James dropped their price objective on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC decreased their target price on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Moffett Nathanson lowered their target price on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Finally, Morgan Stanley cut their price target 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. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $117.95.

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.