Forte Capital LLC ADV Has $900,000 Stock Position in The Walt Disney Company (NYSE:DIS)

Forte Capital LLC ADV boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,963 shares of the entertainment giant’s stock after buying an additional 125 shares during the period. Forte Capital LLC ADV’s holdings in Walt Disney were worth $900,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DIS. SevenBridge Financial Group LLC lifted its position in Walt Disney by 17.1% in the 3rd quarter. SevenBridge Financial Group LLC now owns 32,792 shares of the entertainment giant’s stock worth $2,658,000 after buying an additional 4,796 shares in the last quarter. Forsta AP Fonden boosted its position in Walt Disney by 2.2% during the third quarter. Forsta AP Fonden now owns 476,600 shares of the entertainment giant’s stock valued at $38,628,000 after purchasing an additional 10,300 shares during the last quarter. Diversified Investment Strategies LLC grew its stake in Walt Disney by 2.5% in the third quarter. Diversified Investment Strategies LLC now owns 31,876 shares of the entertainment giant’s stock valued at $2,584,000 after purchasing an additional 772 shares in the last quarter. Intellectus Partners LLC increased its position in Walt Disney by 7.1% in the 3rd quarter. Intellectus Partners LLC now owns 18,185 shares of the entertainment giant’s stock worth $1,474,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Kennedy Investment Group raised its stake in shares of Walt Disney by 7.9% during the 3rd quarter. Kennedy Investment Group now owns 2,719 shares of the entertainment giant’s stock worth $220,000 after purchasing an additional 199 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on DIS shares. Evercore ISI increased their price objective on Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. The Goldman Sachs Group cut their price target on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. UBS Group upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Argus raised their target price on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, Daiwa Capital Markets reiterated a “buy” rating and set a $133.00 price target on shares of Walt Disney in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.08.

Walt Disney Price Performance

Shares of Walt Disney stock traded up $1.04 during trading on Friday, hitting $113.66. 7,411,112 shares of the company’s stock traded hands, compared to its average volume of 7,776,801. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The company has a market cap of $208.49 billion, a PE ratio of 70.16, a PEG ratio of 1.38 and a beta of 1.40. The firm’s fifty day moving average price is $114.50 and its 200 day moving average price is $100.60.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating the consensus estimate of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter in the previous year, the company earned $0.99 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Analysts forecast that The Walt Disney Company will post 4.67 earnings per share for the current year.

Walt Disney Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be issued a $0.45 dividend. The ex-dividend date is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio is 55.56%.

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.