Forum Financial Management LP Grows Stake in The Walt Disney Company (NYSE:DIS)

Forum Financial Management LP grew its position in The Walt Disney Company (NYSE:DIS - Free Report) by 31.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,003 shares of the entertainment giant's stock after purchasing an additional 7,565 shares during the quarter. Forum Financial Management LP's holdings in Walt Disney were worth $3,564,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Traynor Capital Management Inc. acquired a new stake in shares of Walt Disney during the fourth quarter worth $215,000. Teamwork Financial Advisors LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $206,000. Secure Asset Management LLC lifted its stake in shares of Walt Disney by 24.4% during the fourth quarter. Secure Asset Management LLC now owns 5,020 shares of the entertainment giant's stock worth $559,000 after buying an additional 985 shares during the period. Veracity Capital LLC lifted its stake in shares of Walt Disney by 3.6% during the fourth quarter. Veracity Capital LLC now owns 4,764 shares of the entertainment giant's stock worth $530,000 after buying an additional 166 shares during the period. Finally, Montecito Bank & Trust lifted its stake in shares of Walt Disney by 9.0% during the fourth quarter. Montecito Bank & Trust now owns 26,382 shares of the entertainment giant's stock worth $2,938,000 after buying an additional 2,185 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DIS shares. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price for the company in a research report on Monday, April 21st. Loop Capital boosted their target price on shares of Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. The Goldman Sachs Group boosted their target price on shares of Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Morgan Stanley boosted their target price on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Walt Disney presently has a consensus rating of "Moderate Buy" and an average target price of $123.54.

Walt Disney Stock Down 1.3%

Shares of NYSE DIS opened at $109.73 on Friday. The stock has a fifty day moving average price of $95.89 and a 200 day moving average price of $105.19. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $118.63. The company has a market cap of $197.27 billion, a P/E ratio of 35.74, a P/E/G ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same period last year, the firm earned $1.21 earnings per share. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. Research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president now owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.16% of the stock is currently owned by insiders.

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.

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