Marks Group Wealth Management Inc Decreases Stake in The Walt Disney Company (NYSE:DIS)

Marks Group Wealth Management Inc lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.1% in the first quarter, HoldingsChannel.com reports. The firm owned 6,006 shares of the entertainment giant’s stock after selling 130 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Walt Disney were worth $593,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in DIS. Brighton Jones LLC increased its holdings in 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 purchasing an additional 1,904 shares during the period. Proficio Capital Partners LLC increased its stake in shares of Walt Disney by 13.6% during the fourth quarter. Proficio Capital Partners LLC now owns 16,815 shares of the entertainment giant’s stock valued at $1,872,000 after buying an additional 2,016 shares during the period. Catalyst Funds Management Pty Ltd bought a new position in shares of Walt Disney during the fourth quarter valued at approximately $624,000. Choate Investment Advisors lifted its stake in Walt Disney by 66.4% in the fourth quarter. Choate Investment Advisors now owns 136,622 shares of the entertainment giant’s stock worth $15,213,000 after acquiring an additional 54,529 shares during the period. Finally, one8zero8 LLC purchased a new stake in Walt Disney in the fourth quarter worth $915,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 1.4%

NYSE:DIS opened at $119.82 on Monday. The stock has a market cap of $215.41 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 1.75 and a beta of 1.56. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average price is $114.90 and its 200-day moving average price is $106.62. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on DIS shares. Rosenblatt Securities boosted their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. UBS Group boosted their price target on shares of Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Wolfe Research upgraded shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective for the company in a report on Monday, April 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Finally, Loop Capital increased their target price on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.35.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president directly owned 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by insiders.

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.