Financiere des Professionnels Fonds d investissement inc. Purchases 5,203 Shares of The Walt Disney Company (NYSE:DIS)

Financiere des Professionnels Fonds d investissement inc. lifted its position in The Walt Disney Company (NYSE:DIS) by 8.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 67,004 shares of the entertainment giant’s stock after acquiring an additional 5,203 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in Walt Disney were worth $6,613,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney during the 4th quarter valued at $27,000. Kessler Investment Group LLC lifted its holdings in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 200 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Walt Disney during the 4th quarter valued at $32,000. Copia Wealth Management acquired a new stake in Walt Disney during the 4th quarter valued at $36,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Walt Disney during the 4th quarter valued at $39,000. 65.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president directly owned 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by insiders.

Walt Disney Stock Performance

Shares of DIS stock opened at $123.98 on Friday. The business’s 50 day simple moving average is $111.87 and its 200 day simple moving average is $106.34. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The stock has a market capitalization of $222.88 billion, a PE ratio of 25.35, a PEG ratio of 1.81 and a beta of 1.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The business had revenue of $23.62 billion for the quarter, compared to analysts’ expectations of $23.15 billion. During the same period in the prior year, the business posted $1.21 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. As a group, research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Rosenblatt Securities raised their price target on Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Wolfe Research raised Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target for the company in a report on Monday, April 21st. Guggenheim raised their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, June 27th. Jefferies Financial Group raised Walt Disney from a “hold” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $144.00 in a report on Monday, June 30th. Finally, Needham & Company LLC reissued a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.83.

Walt Disney Company 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.