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

Marietta Wealth Management LLC reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 48,585 shares of the entertainment giant’s stock after selling 374 shares during the period. Marietta Wealth Management LLC’s holdings in Walt Disney were worth $4,795,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DIS. Brighton Jones LLC boosted its stake in shares of Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after buying an additional 1,904 shares during the last quarter. Advyzon Investment Management LLC purchased a new position in shares of Walt Disney during the 4th quarter valued at approximately $262,000. Boston Financial Mangement LLC boosted its stake in shares of Walt Disney by 1.5% during the 4th quarter. Boston Financial Mangement LLC now owns 6,287 shares of the entertainment giant’s stock valued at $700,000 after buying an additional 94 shares during the last quarter. Financial Harvest LLC bought a new position in Walt Disney during the fourth quarter worth $355,000. Finally, Legacy Capital Group California Inc. lifted its stake in Walt Disney by 4.6% during the fourth quarter. Legacy Capital Group California Inc. now owns 16,284 shares of the entertainment giant’s stock worth $1,813,000 after purchasing an additional 710 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DIS shares. Morgan Stanley raised their price objective on Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. UBS Group raised their price objective on Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Guggenheim reduced their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Finally, Rosenblatt Securities raised their price objective on Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, June 3rd. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $123.96.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president now directly owns 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.16% of the company’s stock.

Walt Disney Stock Performance

DIS stock opened at $117.61 on Friday. The stock has a market capitalization of $211.44 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 1.73 and a beta of 1.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $120.50. The stock’s fifty day moving average is $104.69 and its two-hundred day moving average is $105.88.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The business had revenue of $23.62 billion for the quarter, compared to analysts’ expectations of $23.15 billion. During the same period in the previous year, the business earned $1.21 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. On average, research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney 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.