First Financial Group Corp Makes New $342,000 Investment in The Walt Disney Company (NYSE:DIS)

First Financial Group Corp bought a new position in shares of The Walt Disney Company (NYSE:DIS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,068 shares of the entertainment giant’s stock, valued at approximately $342,000.

Several other hedge funds have also made changes to their positions in DIS. FPC Investment Advisory Inc. acquired a new stake in shares of Walt Disney during the fourth quarter worth about $28,000. Tacita Capital Inc boosted its stake in shares of Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after buying an additional 124 shares during the period. Midwest Capital Advisors LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth about $34,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth about $35,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DIS. Rosenblatt Securities reiterated a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Needham & Company LLC restated a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Morgan Stanley raised their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Jefferies Financial Group initiated coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective for the company. Finally, Macquarie restated a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Stock Up 1.9 %

DIS stock opened at $98.73 on Friday. The stock has a market capitalization of $178.48 billion, a P/E ratio of 32.16, a PEG ratio of 1.80 and a beta of 1.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a 50 day moving average price of $109.10 and a two-hundred day moving average price of $104.27.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. As a group, sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

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.