Fortitude Advisory Group L.L.C. Sells 112 Shares of The Walt Disney Company $DIS

Fortitude Advisory Group L.L.C. trimmed its holdings in The Walt Disney Company (NYSE:DIS) by 4.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,554 shares of the entertainment giant’s stock after selling 112 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in Walt Disney were worth $317,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Beacon Financial Advisory LLC increased its stake in shares of Walt Disney by 18.7% in the second quarter. Beacon Financial Advisory LLC now owns 10,695 shares of the entertainment giant’s stock worth $1,326,000 after buying an additional 1,688 shares during the period. Marietta Wealth Management LLC increased its stake in shares of Walt Disney by 3.6% in the second quarter. Marietta Wealth Management LLC now owns 50,348 shares of the entertainment giant’s stock worth $6,244,000 after buying an additional 1,763 shares during the period. Simplicity Wealth LLC increased its stake in shares of Walt Disney by 92.5% in the second quarter. Simplicity Wealth LLC now owns 32,996 shares of the entertainment giant’s stock worth $4,092,000 after buying an additional 15,858 shares during the period. MBL Wealth LLC increased its stake in shares of Walt Disney by 12.7% in the second quarter. MBL Wealth LLC now owns 2,576 shares of the entertainment giant’s stock worth $319,000 after buying an additional 291 shares during the period. Finally, Capital City Trust Co. FL purchased a new position in shares of Walt Disney in the second quarter worth $243,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on DIS shares. Jefferies Financial Group downgraded shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Loop Capital lifted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th. Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Morgan Stanley boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Finally, Citigroup boosted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Nineteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Stock Up 0.3%

NYSE:DIS opened at $112.49 on Friday. The firm’s 50-day moving average price is $116.12 and its 200-day moving average price is $110.02. The company has a market capitalization of $202.25 billion, a PE ratio of 17.63, a P/E/G ratio of 1.48 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 EPS. On average, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.