Forte Capital LLC ADV Buys 220 Shares of The Walt Disney Company (NYSE:DIS)

Forte Capital LLC ADV increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,752 shares of the entertainment giant’s stock after buying an additional 220 shares during the quarter. Forte Capital LLC ADV’s holdings in Walt Disney were worth $938,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of DIS. M&G PLC purchased a new stake in shares of Walt Disney in the third quarter valued at about $1,250,000. Concurrent Investment Advisors LLC boosted its stake in shares of Walt Disney by 8.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock worth $6,420,000 after buying an additional 5,184 shares during the last quarter. Maia Wealth LLC grew its holdings in shares of Walt Disney by 13.1% in the third quarter. Maia Wealth LLC now owns 15,306 shares of the entertainment giant’s stock valued at $1,460,000 after acquiring an additional 1,778 shares in the last quarter. Radnor Capital Management LLC purchased a new stake in shares of Walt Disney during the third quarter valued at approximately $3,090,000. Finally, Catalina Capital Group LLC lifted its holdings in Walt Disney by 20.7% during the third quarter. Catalina Capital Group LLC now owns 6,193 shares of the entertainment giant’s stock worth $596,000 after acquiring an additional 1,061 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $98.89 on Thursday. The company’s fifty day moving average is $93.54 and its 200 day moving average is $97.12. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The stock has a market cap of $179.35 billion, a PE ratio of 38.03, a PEG ratio of 1.52 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. The firm had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $1.03 earnings per share. Research analysts anticipate that The Walt Disney Company will post 4.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DIS has been the subject of several research analyst reports. Wells Fargo & Company decreased their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Macquarie dropped their target price on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, September 19th. Loop Capital reduced their target price on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Bank of America lowered their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. reduced their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $118.05.

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.