Forvis Mazars Wealth Advisors LLC Buys 2,067 Shares of The Walt Disney Company $DIS

Forvis Mazars Wealth Advisors LLC grew its stake in The Walt Disney Company (NYSE:DIS) by 3.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,418 shares of the entertainment giant’s stock after acquiring an additional 2,067 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Walt Disney were worth $6,748,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. J. Safra Sarasin Holding AG raised its stake in shares of Walt Disney by 8.1% during the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock worth $21,983,000 after buying an additional 16,781 shares during the last quarter. Planning Directions Inc. bought a new stake in shares of Walt Disney during the first quarter worth approximately $326,000. Kingstone Capital Partners Texas LLC bought a new stake in shares of Walt Disney during the second quarter worth approximately $4,220,599,000. Wedge Capital Management L L P NC raised its stake in shares of Walt Disney by 8,744.0% during the second quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock worth $39,724,000 after buying an additional 316,707 shares during the last quarter. Finally, WoodTrust Financial Corp raised its stake in shares of Walt Disney by 6.7% during the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock worth $9,491,000 after buying an additional 6,047 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DIS. Susquehanna reissued a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. JPMorgan Chase & Co. boosted their price objective on shares of Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Evercore ISI boosted their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Guggenheim boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, June 27th. Finally, Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Tuesday, September 23rd. Nineteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $132.90.

Walt Disney Stock Up 0.7%

Walt Disney stock opened at $110.69 on Friday. The stock has a market capitalization of $199.00 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $114.86 and a 200-day moving average of $110.83.

Walt Disney (NYSE:DIS) last released its quarterly earnings results 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 company had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 earnings per share. On average, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Company 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.