Forvis Mazars Wealth Advisors LLC Purchases 3,363 Shares of The Walt Disney Company $DIS

Key Points

• Forvis Mazars Wealth Advisors LLC increased its holdings in The Walt Disney Company by 6.9% in the first quarter, owning a total of 52,351 shares worth approximately $5.17 million.
• Several institutional investors, including Brandywine Global Investment Management LLC which raised its stake by 68.6%, now own 65.71% of Disney's stock, indicating strong confidence from large investors.
• Walt Disney reported earnings of $1.61 per share for the quarter, exceeding analysts' expectations of $1.45, while revenue was slightly below forecasts at $23.65 billion.

Forvis Mazars Wealth Advisors LLC raised its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 6.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,351 shares of the entertainment giant's stock after purchasing an additional 3,363 shares during the period. Forvis Mazars Wealth Advisors LLC's holdings in Walt Disney were worth $5,167,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney during the 1st quarter worth $26,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at $27,000. Kessler Investment Group LLC raised its holdings in shares of Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after purchasing an additional 200 shares in the last quarter. Copia Wealth Management bought a new stake in shares of Walt Disney during the 4th quarter worth $36,000. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of Walt Disney in the fourth quarter worth approximately $39,000. 65.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on DIS. Citigroup raised their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Raymond James Financial restated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. UBS Group increased their target price on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Susquehanna restated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.18.

Walt Disney Stock Down 0.3%

NYSE DIS traded down $0.3470 on Tuesday, reaching $116.2030. The company had a trading volume of 5,313,911 shares, compared to its average volume of 9,753,308. The company's fifty day moving average is $119.35 and its 200-day moving average is $108.08. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The firm has a market capitalization of $208.92 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 1.67 and a beta of 1.56. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter in the prior year, the firm posted $1.39 EPS. The business's revenue was up 2.1% on a year-over-year basis. On average, research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney 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.