Forum Financial Management LP Acquires 1,610 Shares of The Walt Disney Company $DIS

Forum Financial Management LP boosted its holdings in The Walt Disney Company (NYSE:DIS) by 4.9% in the second quarter, HoldingsChannel reports. The firm owned 34,355 shares of the entertainment giant’s stock after purchasing an additional 1,610 shares during the period. Forum Financial Management LP’s holdings in Walt Disney were worth $4,260,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DIS. Brighton Jones LLC increased its holdings in shares of Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after acquiring an additional 1,904 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Walt Disney by 8.1% during the first quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock valued at $2,451,000 after acquiring an additional 1,856 shares in the last quarter. Consolidated Portfolio Review Corp increased its holdings in shares of Walt Disney by 2.7% during the first quarter. Consolidated Portfolio Review Corp now owns 8,396 shares of the entertainment giant’s stock valued at $829,000 after acquiring an additional 217 shares in the last quarter. Strategic Investment Advisors MI increased its holdings in shares of Walt Disney by 48.2% during the first quarter. Strategic Investment Advisors MI now owns 5,089 shares of the entertainment giant’s stock valued at $502,000 after acquiring an additional 1,655 shares in the last quarter. Finally, Global Assets Advisory LLC bought a new stake in shares of Walt Disney during the first quarter valued at approximately $331,000. 65.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DIS shares. Morgan Stanley boosted their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Rosenblatt Securities reaffirmed a “buy” rating and set a $141.00 target price on shares of Walt Disney in a research report on Friday, October 17th. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Wall Street Zen cut Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Nineteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.90.

Walt Disney Stock Performance

NYSE:DIS opened at $113.00 on Thursday. The stock has a 50-day simple moving average of $114.78 and a two-hundred day simple moving average of $111.22. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market capitalization of $203.16 billion, a PE ratio of 17.71, a P/E/G ratio of 1.50 and a beta of 1.54.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. Walt Disney’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts forecast that The Walt Disney Company will post 5.47 EPS for the current 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.