Fortis Capital Advisors LLC Decreases Stake in The Walt Disney Company $DIS

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

A number of other institutional investors have also recently modified their holdings of DIS. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Walt Disney in the second quarter valued at approximately $4,220,599,000. Nuveen LLC acquired a new position in Walt Disney during the first quarter worth $1,353,607,000. Diamond Hill Capital Management Inc. raised its holdings in Walt Disney by 1,080.7% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock worth $277,993,000 after purchasing an additional 2,578,004 shares during the last quarter. Vanguard Group Inc. raised its holdings in Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after purchasing an additional 2,446,087 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Walt Disney by 9.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant’s stock worth $1,826,930,000 after purchasing an additional 1,642,907 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DIS. UBS Group lifted their price objective on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. lifted their price objective on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Citigroup lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Loop Capital boosted their price target on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. Finally, Wall Street Zen cut Walt Disney from a “buy” rating to a “hold” rating in a report on Friday. Nineteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Stock Performance

NYSE DIS opened at $112.49 on Friday. 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. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The business has a fifty day moving average of $116.12 and a 200-day moving average of $110.02.

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

About Walt Disney

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.