KMG Fiduciary Partners LLC Decreases Stock Position in The Walt Disney Company $DIS

KMG Fiduciary Partners LLC cut its holdings in The Walt Disney Company (NYSE:DIS) by 46.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,703 shares of the entertainment giant’s stock after selling 27,404 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Walt Disney were worth $3,931,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DIS. MJT & Associates Financial Advisory Group Inc. bought a new stake in Walt Disney in the 1st quarter worth about $26,000. Mpwm Advisory Solutions LLC bought a new position in Walt Disney during the 4th quarter valued at about $27,000. Kessler Investment Group LLC boosted its holdings in shares of Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after acquiring an additional 200 shares during the last quarter. Copia Wealth Management bought a new stake in shares of Walt Disney in the fourth quarter worth approximately $36,000. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of Walt Disney during the fourth quarter valued at approximately $39,000. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the topic of several research reports. Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Morgan Stanley raised their price target on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Wall Street Zen cut Walt Disney from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 20th. Evercore ISI raised their target price on Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. upped their price target on shares of Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $115.98 on Thursday. The firm has a market cap of $208.52 billion, a price-to-earnings ratio of 18.18, a P/E/G ratio of 1.67 and a beta of 1.55. The firm has a fifty day moving average price of $117.97 and a 200 day moving average price of $109.10. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter in the previous year, the company earned $1.39 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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.