Marietta Wealth Management LLC Cuts Stock Position in The Walt Disney Company (NYSE:DIS)

Marietta Wealth Management LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,557 shares of the entertainment giant’s stock after selling 406 shares during the period. Marietta Wealth Management LLC’s holdings in Walt Disney were worth $4,722,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. SVB Wealth LLC lifted its stake in Walt Disney by 1.0% in the 4th quarter. SVB Wealth LLC now owns 39,853 shares of the entertainment giant’s stock worth $3,598,000 after purchasing an additional 386 shares in the last quarter. Sfmg LLC raised its position in shares of Walt Disney by 8.6% during the 4th quarter. Sfmg LLC now owns 4,201 shares of the entertainment giant’s stock valued at $379,000 after buying an additional 331 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Walt Disney by 71.5% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,147 shares of the entertainment giant’s stock worth $375,000 after buying an additional 1,729 shares in the last quarter. HF Advisory Group LLC grew its position in Walt Disney by 7.3% during the fourth quarter. HF Advisory Group LLC now owns 10,246 shares of the entertainment giant’s stock valued at $925,000 after acquiring an additional 701 shares during the last quarter. Finally, Strid Group LLC purchased a new stake in Walt Disney during the 4th quarter valued at about $786,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

NYSE:DIS traded up $0.51 during trading hours on Friday, reaching $89.30. 10,277,743 shares of the company were exchanged, compared to its average volume of 11,680,049. The firm has a market cap of $162.80 billion, a PE ratio of 97.07, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The stock’s 50-day moving average is $95.41 and its 200-day moving average is $104.83.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the business earned $1.03 earnings per share. On average, sell-side analysts anticipate that The Walt Disney Company will post 4.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Bank of America lowered their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. The Goldman Sachs Group assumed coverage on shares of Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 target price on the stock. Morgan Stanley reduced their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Barclays lowered their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Needham & Company LLC cut their price target on Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $118.13.

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.