Fortis Capital Advisors LLC Boosts Stock Position in The Walt Disney Company $DIS

Fortis Capital Advisors LLC grew its holdings in The Walt Disney Company (NYSE:DIS) by 62.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,664 shares of the entertainment giant’s stock after buying an additional 1,402 shares during the quarter. Fortis Capital Advisors LLC’s holdings in Walt Disney were worth $362,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of Walt Disney in the fourth quarter valued at approximately $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney in the first quarter valued at approximately $26,000. Kessler Investment Group LLC increased its position in shares of Walt Disney by 274.0% in 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 in the last quarter. Copia Wealth Management purchased a new stake in shares of Walt Disney in the fourth quarter valued at approximately $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in shares of Walt Disney in the fourth quarter valued at approximately $39,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on DIS shares. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Rosenblatt Securities lifted their price target on Walt Disney from $140.00 to $141.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday, September 4th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Morgan Stanley lifted their price target on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.18.

Walt Disney Stock Performance

NYSE DIS opened at $115.91 on Thursday. The stock’s fifty day moving average is $118.64 and its two-hundred day moving average is $108.95. The firm has a market capitalization of $208.40 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 1.70 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week 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, topping analysts’ consensus estimates of $1.45 by $0.16. The company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 earnings per share. On average, research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current 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.