FORA Capital LLC Purchases New Shares in The Walt Disney Company (NYSE:DIS)

FORA Capital LLC purchased a new position in shares of The Walt Disney Company (NYSE:DIS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,396 shares of the entertainment giant’s stock, valued at approximately $904,000.

A number of other institutional investors have also recently added to or reduced their stakes in DIS. RPg Family Wealth Advisory LLC acquired a new position in shares of Walt Disney in the third quarter worth about $126,000. CreativeOne Wealth LLC increased its stake in shares of Walt Disney by 5.4% in the third quarter. CreativeOne Wealth LLC now owns 11,448 shares of the entertainment giant’s stock worth $1,101,000 after buying an additional 590 shares during the last quarter. RS Crum Inc. boosted its stake in Walt Disney by 0.8% during the 3rd quarter. RS Crum Inc. now owns 16,651 shares of the entertainment giant’s stock valued at $1,602,000 after acquiring an additional 127 shares during the last quarter. RBO & Co. LLC grew its holdings in Walt Disney by 2.1% during the 3rd quarter. RBO & Co. LLC now owns 149,444 shares of the entertainment giant’s stock worth $14,375,000 after acquiring an additional 3,012 shares in the last quarter. Finally, Townsquare Capital LLC increased its position in shares of Walt Disney by 20.3% in the 3rd quarter. Townsquare Capital LLC now owns 192,719 shares of the entertainment giant’s stock worth $18,538,000 after purchasing an additional 32,584 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares in the company, valued at $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the transaction, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

DIS stock opened at $117.60 on Friday. The company has a market capitalization of $212.97 billion, a P/E ratio of 43.39, a PEG ratio of 2.16 and a beta of 1.40. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The company has a 50-day simple moving average of $99.99 and a 200 day simple moving average of $97.15. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DIS shares. JPMorgan Chase & Co. decreased their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Piper Sandler began coverage on Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target for the company. Raymond James restated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Guggenheim boosted their target price on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, UBS Group reduced their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $123.83.

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.