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

Marietta Wealth Management LLC reduced its stake in The Walt Disney Company (NYSE:DIS) by 0.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 47,557 shares of the entertainment giant’s stock after selling 406 shares during the quarter. Marietta Wealth Management LLC’s holdings in Walt Disney were worth $4,722,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was acquired 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 of the company’s stock, valued at approximately $1,897,943.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on DIS. Macquarie dropped their target price on Walt Disney from $107.00 to $94.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Wells Fargo & Company decreased their target price on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Moffett Nathanson reduced their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Bank of America lowered their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Evercore ISI lowered their price objective on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $118.13.

Walt Disney Stock Performance

Shares of DIS stock traded up $0.51 during trading hours on Friday, reaching $89.30. 10,277,743 shares of the company traded hands, compared to its average volume of 11,680,049. The firm has a 50-day moving average price of $95.41 and a 200 day moving average price of $104.83. The company has a market cap of $162.80 billion, a P/E ratio of 97.07, a P/E/G ratio of 1.15 and a beta of 1.40. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts predict that The Walt Disney Company will post 4.77 earnings per share for the current fiscal year.

Walt Disney Company Profile

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.