RFP Financial Group LLC Acquires 1,956 Shares of The Walt Disney Company (NYSE:DIS)

RFP Financial Group LLC raised its holdings in The Walt Disney Company (NYSE:DIS) by 41.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,712 shares of the entertainment giant’s stock after purchasing an additional 1,956 shares during the quarter. RFP Financial Group LLC’s holdings in Walt Disney were worth $646,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of DIS. Jennison Associates LLC acquired a new stake in shares of Walt Disney during the 1st quarter valued at $1,490,492,000. Capital World Investors boosted its stake in shares of Walt Disney by 3,332.4% during the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after purchasing an additional 6,084,993 shares in the last quarter. Swedbank AB bought a new stake in shares of Walt Disney during the first quarter worth about $493,715,000. Farallon Capital Management LLC acquired a new position in shares of Walt Disney in the second quarter valued at approximately $355,673,000. Finally, Ontario Teachers Pension Plan Board bought a new position in Walt Disney in the 1st quarter valued at approximately $425,567,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

DIS stock traded up $0.48 during mid-day trading on Tuesday, reaching $97.10. 1,183,734 shares of the company traded hands, compared to its average volume of 10,920,333. The Walt Disney Company has a 52-week low of $79.23 and a 52-week high of $123.74. The company has a market capitalization of $177.02 billion, a P/E ratio of 105.08, a P/E/G ratio of 1.49 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The company has a fifty day moving average price of $91.94 and a 200-day moving average price of $98.60.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. The company had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. Walt Disney’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 earnings per share. As a group, analysts anticipate 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 acquired 11,756 shares of the stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on DIS shares. Morgan Stanley decreased their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Wells Fargo & Company reduced their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. The Goldman Sachs Group initiated coverage on Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target on the stock. Piper Sandler assumed coverage on Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective for the company. Finally, Moffett Nathanson lowered their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Five 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.

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.