Forum Financial Management LP grew its position in The Walt Disney Company (NYSE:DIS - Free Report) by 31.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,003 shares of the entertainment giant's stock after purchasing an additional 7,565 shares during the period. Forum Financial Management LP's holdings in Walt Disney were worth $3,564,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of DIS. FPC Investment Advisory Inc. bought a new stake in shares of Walt Disney in the fourth quarter valued at about $28,000. Tacita Capital Inc boosted its stake in Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after buying an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Walt Disney during the fourth quarter worth about $32,000. Midwest Capital Advisors LLC bought a new position in shares of Walt Disney in the fourth quarter worth about $34,000. Finally, Bay Harbor Wealth Management LLC acquired a new stake in shares of Walt Disney in the 4th quarter valued at approximately $35,000. 65.71% of the stock is currently owned by institutional investors.
Walt Disney Stock Performance
Shares of NYSE:DIS traded up $2.28 during trading on Tuesday, hitting $86.28. 3,441,552 shares of the company were exchanged, compared to its average volume of 10,025,488. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $118.63. The company has a market cap of $155.98 billion, a PE ratio of 28.10, a P/E/G ratio of 1.80 and a beta of 1.44. The stock has a 50 day moving average of $98.73 and a 200 day moving average of $104.38.
Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on DIS. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research note on Tuesday. Redburn Atlantic upgraded shares of Walt Disney from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Loop Capital boosted their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Rosenblatt Securities restated a "buy" rating and issued a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Finally, UBS Group lowered their price objective on shares of Walt Disney from $130.00 to $105.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $123.75.
View Our Latest Stock Report on DIS
Walt Disney Profile
(
Free Report)
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.
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