Folger Nolan Fleming Douglas Capital Management Inc. Raises Stock Holdings in The Walt Disney Company (NYSE:DIS)

Folger Nolan Fleming Douglas Capital Management Inc. lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,152 shares of the entertainment giant’s stock after purchasing an additional 936 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Walt Disney were worth $7,998,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Jennison Associates LLC acquired a new stake in Walt Disney in the 1st quarter valued at about $1,490,492,000. Capital World Investors grew its holdings in shares of Walt Disney by 3,332.4% during the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after purchasing an additional 6,084,993 shares during the period. Swedbank AB purchased a new position in Walt Disney during the first quarter worth about $493,715,000. Farallon Capital Management LLC acquired a new stake in Walt Disney in the 2nd quarter valued at approximately $355,673,000. Finally, Ontario Teachers Pension Plan Board purchased a new stake in shares of Walt Disney in the 1st quarter valued at $425,567,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Calvin Mcdonald acquired 11,756 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DIS shares. UBS Group dropped their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Loop Capital dropped their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Finally, Piper Sandler initiated coverage on Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $118.05.

Walt Disney Price Performance

Shares of DIS opened at $95.04 on Thursday. The firm has a fifty day moving average price of $92.93 and a 200 day moving average price of $97.69. The stock has a market cap of $173.26 billion, a PE ratio of 103.30, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 1-year low of $80.18 and a 1-year high of $123.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last released its quarterly earnings results 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 firm 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%. Walt Disney’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 EPS. As a group, sell-side analysts anticipate that The Walt Disney Company will post 4.92 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.