Forum Financial Management LP Trims Stock Position in The Walt Disney Company $DIS

Forum Financial Management LP trimmed its position in The Walt Disney Company (NYSE:DIS) by 72.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,265 shares of the entertainment giant’s stock after selling 24,943 shares during the quarter. Forum Financial Management LP’s holdings in Walt Disney were worth $893,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Walt Disney by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 159,342,154 shares of the entertainment giant’s stock valued at $18,128,357,000 after buying an additional 1,220,207 shares during the period. State Street Corp grew its position in Walt Disney by 2.3% in the fourth quarter. State Street Corp now owns 83,873,646 shares of the entertainment giant’s stock worth $9,604,567,000 after acquiring an additional 1,853,897 shares during the period. Geode Capital Management LLC grew its position in Walt Disney by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 40,588,604 shares of the entertainment giant’s stock worth $4,597,804,000 after acquiring an additional 1,361,888 shares during the period. J. Stern & Co. LLP increased its position in shares of Walt Disney by 9,060.1% during the 4th quarter. J. Stern & Co. LLP now owns 38,135,363 shares of the entertainment giant’s stock worth $4,338,660,000 after purchasing an additional 37,719,041 shares during the last quarter. Finally, Norges Bank purchased a new stake in Walt Disney in the 4th quarter valued at about $2,388,278,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney News Roundup

Here are the key news stories impacting Walt Disney this week:

• Positive Sentiment: Disney is expanding fan engagement ahead of its D23 event, with concerts, panels, and new activations planned for this summer, which could support interest in the brand and parks business. Article Title
• Positive Sentiment: Delta Airlines joined Disney World’s airport luggage transfer service, a small but consumer-friendly perk that may improve the guest experience and reinforce the value of Disney’s parks offering. Article Title
• Neutral Sentiment: Disney’s streaming division is back in the spotlight after the company agreed to a $50 million settlement tied to streaming services; the payout is manageable for a company Disney’s size, but it adds to ongoing scrutiny around the segment. Article Title
• Neutral Sentiment: Comcast’s decision to split NBCUniversal and Sky has renewed talk about competitive pressure in streaming and media, but the impact on Disney is indirect and mostly strategic rather than immediate. Article Title
• Negative Sentiment: Media coverage highlighting Disney’s $50 million streaming settlement could weigh on sentiment by reminding investors of regulatory and legal costs in the streaming business. Article Title

Walt Disney Stock Performance

Shares of DIS stock opened at $98.64 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.33. The Walt Disney Company has a 52 week low of $92.18 and a 52 week high of $124.69. The stock has a market capitalization of $171.30 billion, a PE ratio of 15.76, a P/E/G ratio of 1.24 and a beta of 1.39. The firm has a 50 day moving average of $102.69 and a two-hundred day moving average of $104.95.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, May 6th. The entertainment giant reported $1.57 EPS for the quarter, topping the consensus estimate of $1.49 by $0.08. Walt Disney had a net margin of 11.54% and a return on equity of 8.92%. The business had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $24.87 billion. During the same quarter in the previous year, the firm posted $1.45 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Walt Disney has set its FY 2026 guidance at 6.640-6.640 EPS. On average, research analysts predict that The Walt Disney Company will post 6.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DIS shares. Barclays increased their target price on shares of Walt Disney from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. lifted their target price on shares of Walt Disney from $138.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Needham & Company LLC restated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Friday, June 12th. Rosenblatt Securities raised their price target on Walt Disney from $121.00 to $126.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Finally, Wells Fargo & Company cut their price objective on Walt Disney from $148.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.71.

About Walt Disney

The Walt Disney Company (NYSE: DIS), commonly known as Disney, is a diversified global entertainment and media conglomerate headquartered in Burbank, California. Founded in 1923 by Walt and Roy O. Disney, the company grew from an animation studio into a multi?national entertainment enterprise known for iconic intellectual property and family?oriented storytelling. Disney’s operations span film and television production, streaming services, theme parks and resorts, consumer products, and live entertainment.

On the content side, Disney produces and distributes feature films and television programming through a portfolio of studios and labels that includes Walt Disney Pictures, Pixar, Marvel Studios, Lucasfilm and 20th Century Studios, along with broadcast and cable networks such as ABC, FX and National Geographic.