Marietta Wealth Management LLC Has $4.40 Million Stake in The Walt Disney Company (NYSE:DIS)

Marietta Wealth Management LLC lessened its position in The Walt Disney Company (NYSE:DIS) by 14.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 48,739 shares of the entertainment giant’s stock after selling 8,370 shares during the quarter. Marietta Wealth Management LLC’s holdings in Walt Disney were worth $4,401,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Markel Corp boosted its position in Walt Disney by 2.3% during the 1st quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock worth $263,713,000 after buying an additional 42,500 shares during the period. Fairfield Bush & CO. lifted its holdings in Walt Disney by 3.4% during the 1st quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock worth $1,320,000 after buying an additional 320 shares during the period. United Bank boosted its holdings in Walt Disney by 8.7% in the first quarter. United Bank now owns 9,949 shares of the entertainment giant’s stock valued at $1,365,000 after acquiring an additional 794 shares during the last quarter. AMI Investment Management Inc. raised its holdings in Walt Disney by 4.6% during the 1st quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock worth $3,418,000 after purchasing an additional 1,094 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of Walt Disney by 0.6% in the 1st quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock worth $113,611,000 after purchasing an additional 4,722 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

Shares of Walt Disney stock traded up $1.06 during trading hours on Tuesday, hitting $114.01. 3,434,089 shares of the company’s stock traded hands, compared to its average volume of 12,182,065. The stock has a market capitalization of $209.13 billion, a price-to-earnings ratio of 70.14, a PEG ratio of 1.65 and a beta of 1.42. 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 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The company has a fifty day simple moving average of $113.30 and a 200-day simple moving average of $97.91.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. The business had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company posted $0.99 earnings per share. Equities research analysts anticipate that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be given a $0.45 dividend. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio is currently 18.52%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DIS shares. Raymond James increased their price objective on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Wells Fargo & Company lifted their price objective on Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. started coverage on Walt Disney in a research report on Thursday, April 11th. They set an “overweight” rating and a $140.00 target price on the stock. Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $95.00 to $135.00 in a report on Monday, March 25th. Finally, Morgan Stanley raised their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.54.

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.