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

Marietta Wealth Management LLC trimmed its stake in The Walt Disney Company (NYSE:DIS) by 14.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,739 shares of the entertainment giant’s stock after selling 8,370 shares during the period. Marietta Wealth Management LLC’s holdings in Walt Disney were worth $4,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Markel Corp lifted its holdings in shares of Walt Disney by 2.3% during the 1st quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock valued at $263,713,000 after purchasing an additional 42,500 shares during the last quarter. Fairfield Bush & CO. raised its stake in Walt Disney by 3.4% in the first quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock valued at $1,320,000 after buying an additional 320 shares during the last quarter. 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 worth $1,365,000 after acquiring an additional 794 shares in the last quarter. AMI Investment Management Inc. grew its stake in shares of Walt Disney by 4.6% during the first quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock worth $3,418,000 after acquiring an additional 1,094 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of Walt Disney by 0.6% during the first quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock valued at $113,611,000 after acquiring an additional 4,722 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Price Performance

Shares of DIS stock traded up $1.06 during trading hours on Tuesday, reaching $114.01. The company had a trading volume of 3,434,089 shares, compared to its average volume of 12,182,065. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The company 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 stock has a fifty day moving average of $113.30 and a 200-day moving average of $97.91. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84.

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

Walt Disney Cuts Dividend

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

Wall Street Analyst Weigh In

DIS has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on shares of Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Argus boosted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Evercore ISI raised their target price on Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Daiwa Capital Markets reiterated a “buy” rating and set a $133.00 price target on shares of Walt Disney in a research note on Monday, April 1st. Finally, The Goldman Sachs Group cut their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $124.54.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by insiders.

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.