Forward Management LLC Purchases Shares of 6,662 Walt Disney Co (DIS)

Forward Management LLC purchased a new position in shares of Walt Disney Co (NYSE:DIS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,662 shares of the entertainment giant’s stock, valued at approximately $657,000.

Other large investors have also modified their holdings of the company. Tortoise Investment Management LLC lifted its holdings in Walt Disney by 0.6% in the second quarter. Tortoise Investment Management LLC now owns 2,269 shares of the entertainment giant’s stock valued at $241,000 after buying an additional 14 shares during the period. Burt Wealth Advisors lifted its holdings in Walt Disney by 0.5% in the second quarter. Burt Wealth Advisors now owns 3,182 shares of the entertainment giant’s stock valued at $338,000 after buying an additional 15 shares during the period. Sonata Capital Group Inc. lifted its holdings in Walt Disney by 0.7% in the second quarter. Sonata Capital Group Inc. now owns 2,732 shares of the entertainment giant’s stock valued at $290,000 after buying an additional 20 shares during the period. Leisure Capital Management lifted its holdings in Walt Disney by 0.5% in the second quarter. Leisure Capital Management now owns 4,449 shares of the entertainment giant’s stock valued at $473,000 after buying an additional 20 shares during the period. Finally, First Capital Advisors Group LLC. lifted its holdings in Walt Disney by 0.4% in the second quarter. First Capital Advisors Group LLC. now owns 6,515 shares of the entertainment giant’s stock valued at $692,000 after buying an additional 24 shares during the period. Institutional investors own 61.52% of the company’s stock.

Shares of Walt Disney Co (DIS) opened at $109.47 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42. The company has a market cap of $165,330.00, a PE ratio of 19.27, a PEG ratio of 2.38 and a beta of 1.38. Walt Disney Co has a 52-week low of $96.20 and a 52-week high of $116.10.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.05). The business had revenue of $12.78 billion for the quarter, compared to the consensus estimate of $13.30 billion. Walt Disney had a return on equity of 16.71% and a net margin of 14.59%. The company’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 earnings per share. research analysts anticipate that Walt Disney Co will post 6.23 EPS for the current year.

The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, January 11th. Stockholders of record on Monday, December 11th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Friday, December 8th. Walt Disney’s payout ratio is presently 29.58%.

Several research firms recently issued reports on DIS. Vetr lowered shares of Walt Disney from a “buy” rating to a “hold” rating and set a $113.39 target price on the stock. in a report on Wednesday, January 3rd. Royal Bank of Canada boosted their target price on shares of Walt Disney to $135.00 and gave the company a “top pick” rating in a report on Wednesday, January 3rd. Rosenblatt Securities upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and boosted their target price for the company from $115.00 to $130.00 in a report on Wednesday, January 3rd. Zacks Investment Research lowered shares of Walt Disney from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Finally, Piper Jaffray Companies set a $125.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research note on Friday, December 15th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $115.77.

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Walt Disney Profile

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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