Forum Financial Management LP Has $4.26 Million Position in The Walt Disney Company $DIS

Forum Financial Management LP increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 4.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,355 shares of the entertainment giant’s stock after acquiring an additional 1,610 shares during the quarter. Forum Financial Management LP’s holdings in Walt Disney were worth $4,260,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. Brighton Jones LLC grew its holdings in shares of Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after purchasing an additional 1,904 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Walt Disney by 8.1% during the 1st quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock worth $2,451,000 after purchasing an additional 1,856 shares in the last quarter. Consolidated Portfolio Review Corp grew its holdings in shares of Walt Disney by 2.7% during the 1st quarter. Consolidated Portfolio Review Corp now owns 8,396 shares of the entertainment giant’s stock worth $829,000 after purchasing an additional 217 shares in the last quarter. Strategic Investment Advisors MI grew its holdings in shares of Walt Disney by 48.2% during the 1st quarter. Strategic Investment Advisors MI now owns 5,089 shares of the entertainment giant’s stock worth $502,000 after purchasing an additional 1,655 shares in the last quarter. Finally, Global Assets Advisory LLC acquired a new stake in shares of Walt Disney during the 1st quarter worth $331,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

Walt Disney stock opened at $113.00 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company 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. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The stock has a 50-day moving average price of $114.78 and a two-hundred day moving average price of $111.22.

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

Analysts Set New Price Targets

Several research firms have recently issued reports on DIS. Jefferies Financial Group lowered Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Evercore ISI raised their price objective on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $141.00 price objective on shares of Walt Disney in a research note on Friday, October 17th. Morgan Stanley raised their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Finally, Stephens reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

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.