Fortis Capital Advisors LLC Lowers Stock Holdings in The Walt Disney Company $DIS

Fortis Capital Advisors LLC lowered its holdings in The Walt Disney Company (NYSE:DIS) by 26.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,711 shares of the entertainment giant’s stock after selling 953 shares during the period. Fortis Capital Advisors LLC’s holdings in Walt Disney were worth $336,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. grew its position in Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after acquiring an additional 94 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney during the first quarter valued at about $26,000. Kessler Investment Group LLC grew its position in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after acquiring an additional 200 shares during the period. Wolff Wiese Magana LLC grew its position in Walt Disney by 41.5% during the second quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock valued at $57,000 after acquiring an additional 135 shares during the period. Finally, First PREMIER Bank grew its position in Walt Disney by 72.2% during the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock valued at $48,000 after acquiring an additional 205 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.3%

NYSE:DIS opened at $112.49 on Friday. 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 Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The business’s 50-day simple moving average is $116.12 and its 200 day simple moving average is $110.02. The stock has a market cap of $202.25 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 1.48 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 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DIS shares. Susquehanna reissued a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research report on Tuesday, September 23rd. UBS Group upped their target price on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.18.

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.