Forbes J M & Co. LLP Sells 379 Shares of The Walt Disney Company $DIS

Forbes J M & Co. LLP lessened its holdings in The Walt Disney Company (NYSE:DIS) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,174 shares of the entertainment giant’s stock after selling 379 shares during the period. Forbes J M & Co. LLP’s holdings in Walt Disney were worth $1,262,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DIS. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Walt Disney in the 1st quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. raised its stake in Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after acquiring an additional 94 shares during the period. Kessler Investment Group LLC raised its position in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after buying an additional 200 shares during the last quarter. First PREMIER Bank raised its position in shares of Walt Disney by 72.2% during the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock valued at $48,000 after buying an additional 205 shares during the last quarter. Finally, Capitol Family Office Inc. bought a new stake in shares of Walt Disney during the first quarter valued at approximately $52,000. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on DIS. Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Susquehanna restated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Needham & Company LLC restated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research report on Tuesday, September 23rd. Finally, Evercore ISI lifted their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Nineteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Stock Performance

DIS stock opened at $114.47 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The business has a 50-day moving average price of $116.70 and a 200 day moving average price of $109.75. The company has a market capitalization of $205.81 billion, a P/E ratio of 17.94, a PEG ratio of 1.66 and a beta of 1.55. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. The firm 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 firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 earnings per share. As a group, equities research analysts forecast that The Walt Disney Company will post 5.47 EPS 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.