FORVIS Wealth Advisors LLC Buys 877 Shares of The Walt Disney Company (NYSE:DIS)

FORVIS Wealth Advisors LLC raised its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,031 shares of the entertainment giant’s stock after acquiring an additional 877 shares during the quarter. FORVIS Wealth Advisors LLC’s holdings in Walt Disney were worth $5,999,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Planned Solutions Inc. bought a new position in shares of Walt Disney during the fourth quarter valued at $26,000. Gold Investment Management Ltd. bought a new position in shares of Walt Disney in the fourth quarter valued at about $28,000. Fortis Group Advisors LLC bought a new position in shares of Walt Disney in the third quarter valued at about $30,000. Stone House Investment Management LLC raised its holdings in shares of Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after buying an additional 270 shares during the last quarter. Finally, Partnership Wealth Management LLC bought a new position in shares of Walt Disney in the fourth quarter valued at about $33,000. 65.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Walt Disney news, Director James P. Gorman bought 20,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the purchase, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director James P. Gorman purchased 20,000 shares of Walt Disney stock in a transaction on Wednesday, May 8th. The stock was purchased at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the transaction, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Walt Disney Stock Up 0.6 %

NYSE DIS traded up $0.62 during trading hours on Thursday, reaching $98.61. 5,029,969 shares of the company’s stock were exchanged, compared to its average volume of 9,798,412. The company’s 50-day moving average is $103.86 and its two-hundred day moving average is $104.76. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The company has a market capitalization of $179.77 billion, a price-to-earnings ratio of 107.19, a price-to-earnings-growth ratio of 1.22 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. During the same period in the prior year, the business earned $0.93 EPS. Walt Disney’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, analysts forecast that The Walt Disney Company will post 4.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DIS shares. Macquarie lifted their price target on Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Wells Fargo & Company lifted their price target on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Moffett Nathanson cut their price target on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday. JPMorgan Chase & Co. assumed coverage on Walt Disney in a research report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price objective for the company. Finally, Guggenheim lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $126.44.

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.