The Walt Disney Company (NYSE:DIS) Shares Sold by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. lessened its holdings in The Walt Disney Company (NYSE:DIS) by 14.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,666 shares of the entertainment giant’s stock after selling 446 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in Walt Disney were worth $263,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney during the fourth quarter worth approximately $27,000. FPC Investment Advisory Inc. acquired a new stake in Walt Disney during the fourth quarter worth approximately $28,000. Tacita Capital Inc lifted its position in shares of Walt Disney by 93.2% during the 4th 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 last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Walt Disney in the 4th quarter valued at $32,000. Finally, Midwest Capital Advisors LLC purchased a new position in shares of Walt Disney in the 4th quarter valued at $34,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

NYSE DIS opened at $119.43 on Tuesday. The stock has a market capitalization of $214.71 billion, a price-to-earnings ratio of 38.90, a PEG ratio of 1.80 and a beta of 1.54. The business’s 50 day moving average is $102.33 and its two-hundred day moving average is $105.78. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $120.50. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. The firm had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 earnings per share. Research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president now owns 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DIS. Barclays boosted their price target on shares of Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Guggenheim reduced their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target on the stock in a research note on Monday, April 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Finally, UBS Group increased their price objective on Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.96.

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.