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

Mmbg Investment Advisors CO. lessened its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 22.0% in the fourth quarter, according to the company in 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 quarter. Walt Disney accounts for 1.6% of Mmbg Investment Advisors CO.'s portfolio, making the stock its 14th biggest holding. Mmbg Investment Advisors CO.'s holdings in Walt Disney were worth $14,824,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DIS. Moore Capital Management LP bought a new stake in Walt Disney during the fourth quarter valued at about $6,075,000. Lazard Asset Management LLC grew its holdings in Walt Disney by 20.0% during the fourth quarter. Lazard Asset Management LLC now owns 71,001 shares of the entertainment giant's stock valued at $7,905,000 after purchasing an additional 11,837 shares during the period. Leigh Baldwin & CO. LLC bought a new stake in Walt Disney during the fourth quarter valued at about $60,580,000. Laurion Capital Management LP bought a new stake in Walt Disney during the fourth quarter valued at about $225,000. Finally, Investor s Fiduciary Advisor Network LLC bought a new stake in Walt Disney during the fourth quarter valued at about $238,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Trading Up 0.8%

NYSE:DIS traded up $0.85 during midday trading on Friday, hitting $113.07. The stock had a trading volume of 4,083,151 shares, compared to its average volume of 10,000,465. The Walt Disney Company has a one year low of $80.10 and a one year high of $118.63. The company has a market capitalization of $203.27 billion, a price-to-earnings ratio of 36.84, a PEG ratio of 1.80 and a beta of 1.49. The stock has a 50-day moving average of $94.32 and a 200 day moving average of $104.54. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Needham & Company LLC reissued a "buy" rating and set a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Guggenheim dropped their price objective on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Prescient Securities dropped their price objective on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Finally, Morgan Stanley upped their price objective on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.54.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president now owns 46,831 shares of the company's stock, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is 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.