Forte Capital LLC ADV Has $900,000 Position in The Walt Disney Company (NYSE:DIS)

Forte Capital LLC ADV lifted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,963 shares of the entertainment giant’s stock after purchasing an additional 125 shares during the period. Forte Capital LLC ADV’s holdings in Walt Disney were worth $900,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in DIS. Royal Fund Management LLC grew its stake in shares of Walt Disney by 2.4% in the 4th quarter. Royal Fund Management LLC now owns 4,880 shares of the entertainment giant’s stock valued at $441,000 after buying an additional 113 shares during the period. AJOVista LLC acquired a new stake in Walt Disney in the fourth quarter valued at approximately $214,000. Provence Wealth Management Group raised its position in shares of Walt Disney by 175.2% during the fourth quarter. Provence Wealth Management Group now owns 4,931 shares of the entertainment giant’s stock worth $445,000 after purchasing an additional 3,139 shares during the period. Legacy Financial Advisors Inc. increased its stake in Walt Disney by 32.7% during the 4th quarter. Legacy Financial Advisors Inc. now owns 10,999 shares of the entertainment giant’s stock valued at $993,000 after purchasing an additional 2,712 shares in the last quarter. Finally, Sapient Capital LLC bought a new stake in Walt Disney during the 4th quarter valued at $33,400,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $95.00 to $135.00 in a research report on Monday, March 25th. Wells Fargo & Company raised their price objective on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Argus increased their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Needham & Company LLC raised their price objective on shares of Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, Raymond James increased their price objective on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $125.08.

Walt Disney Price Performance

DIS traded up $1.04 during trading on Friday, reaching $113.66. The stock had a trading volume of 7,411,112 shares, compared to its average volume of 7,776,801. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The business has a 50-day moving average of $114.50 and a 200-day moving average of $100.60. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The stock has a market cap of $208.49 billion, a PE ratio of 70.16, a PEG ratio of 1.38 and a beta of 1.40.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating the consensus estimate of $0.97 by $0.25. The firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $0.99 EPS. As a group, equities research analysts anticipate that The Walt Disney Company will post 4.67 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be given a $0.45 dividend. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s payout ratio is presently 55.56%.

Insider Buying and Selling at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

Walt Disney Company 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.