Marietta Wealth Management LLC Acquires 1,763 Shares of The Walt Disney Company $DIS

Marietta Wealth Management LLC grew its position in shares of The Walt Disney Company (NYSE:DIS) by 3.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 50,348 shares of the entertainment giant’s stock after acquiring an additional 1,763 shares during the quarter. Marietta Wealth Management LLC’s holdings in Walt Disney were worth $6,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of DIS. Brighton Jones LLC lifted its holdings 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 period. Vest Financial LLC increased its stake in shares of Walt Disney by 73.5% in the 1st quarter. Vest Financial LLC now owns 12,996 shares of the entertainment giant’s stock worth $1,283,000 after purchasing an additional 5,507 shares in the last quarter. Curat Global LLC purchased a new stake in shares of Walt Disney in the 1st quarter worth $142,000. Eagle Rock Investment Company LLC increased its stake in shares of Walt Disney by 0.9% in the 1st quarter. Eagle Rock Investment Company LLC now owns 65,806 shares of the entertainment giant’s stock worth $6,495,000 after purchasing an additional 615 shares in the last quarter. Finally, Pines Wealth Management LLC increased its stake in shares of Walt Disney by 6.4% in the 1st quarter. Pines Wealth Management LLC now owns 6,114 shares of the entertainment giant’s stock worth $603,000 after purchasing an additional 366 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Up 0.3%

Shares of Walt Disney stock opened at $112.49 on Friday. The firm has a market cap of $202.25 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.48 and a beta of 1.54. The business has a 50-day moving average price of $116.12 and a 200-day moving average price of $110.02. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.39 earnings per share. Equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DIS shares. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday. Guggenheim raised their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, June 27th. Stephens reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Rosenblatt Securities raised their price target on Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a report on Monday, August 11th. Finally, Barclays raised their price target on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Nineteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $131.18.

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.