Forza Wealth Management LLC Purchases 660 Shares of The Walt Disney Company $DIS

Forza Wealth Management LLC increased its position in The Walt Disney Company (NYSE:DIS) by 9.1% during the second quarter, Holdings Channel.com reports. The firm owned 7,943 shares of the entertainment giant’s stock after buying an additional 660 shares during the quarter. Forza Wealth Management LLC’s holdings in Walt Disney were worth $985,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney during the 1st quarter valued at $26,000. DiNuzzo Private Wealth Inc. lifted its stake in Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after acquiring an additional 94 shares in the last quarter. Kessler Investment Group LLC lifted its stake in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. First PREMIER Bank lifted its stake in Walt Disney by 72.2% during the 1st quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock valued at $48,000 after acquiring an additional 205 shares in the last quarter. Finally, Capitol Family Office Inc. bought a new position in Walt Disney during the 1st quarter valued at $52,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Down 0.3%

DIS stock opened at $114.47 on Wednesday. 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 firm has a market capitalization of $205.81 billion, a PE ratio of 17.94, a PEG ratio of 1.66 and a beta of 1.55. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The stock has a 50-day simple moving average of $116.70 and a two-hundred day simple moving average of $109.75.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion during 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 company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.39 EPS. On average, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on DIS shares. Evercore ISI raised their price objective on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Citigroup lifted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Jefferies Financial Group cut Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Finally, UBS Group lifted their target price on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Nineteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $131.18.

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.