Mmbg Investment Advisors CO. Sells 37,590 Shares of The Walt Disney Company (NYSE:DIS)

Mmbg Investment Advisors CO. lessened its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 22.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 133,131 shares of the entertainment giant's stock after selling 37,590 shares during the period. Walt Disney makes up about 1.6% of Mmbg Investment Advisors CO.'s investment portfolio, making the stock its 14th largest position. Mmbg Investment Advisors CO.'s holdings in Walt Disney were worth $14,824,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of DIS. Czech National Bank boosted its position in Walt Disney by 6.3% during the 4th quarter. Czech National Bank now owns 392,648 shares of the entertainment giant's stock valued at $43,721,000 after acquiring an additional 23,251 shares in the last quarter. Aprio Wealth Management LLC lifted its position in shares of Walt Disney by 2.7% during the fourth quarter. Aprio Wealth Management LLC now owns 10,672 shares of the entertainment giant's stock valued at $1,188,000 after buying an additional 279 shares during the last quarter. Winthrop Advisory Group LLC boosted its holdings in shares of Walt Disney by 1.8% in the 4th quarter. Winthrop Advisory Group LLC now owns 14,418 shares of the entertainment giant's stock valued at $1,605,000 after buying an additional 253 shares in the last quarter. Fiduciary Alliance LLC lifted its position in Walt Disney by 1.2% during the fourth quarter. Fiduciary Alliance LLC now owns 52,108 shares of the entertainment giant's stock valued at $5,802,000 after acquiring an additional 643 shares during the last quarter. Finally, City State Bank grew its holdings in Walt Disney by 5.0% in the fourth quarter. City State Bank now owns 3,040 shares of the entertainment giant's stock worth $339,000 after purchasing an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Price Performance

Shares of NYSE DIS opened at $105.93 on Monday. The company has a market capitalization of $191.50 billion, a price-to-earnings ratio of 34.50, a PEG ratio of 1.80 and a beta of 1.49. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average of $93.86 and a two-hundred day moving average of $104.22. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.24. The firm had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.21 EPS. As a group, analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Barclays raised their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday. Guggenheim cut their target price on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday. Prescient Securities lowered their price target on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Thursday. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $123.54.

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.

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