The Walt Disney Company (NYSE:DIS) Holdings Trimmed by Marietta Wealth Management LLC

Marietta Wealth Management LLC lowered its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 14.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,739 shares of the entertainment giant's stock after selling 8,370 shares during the quarter. Marietta Wealth Management LLC's holdings in Walt Disney were worth $4,401,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Trian Fund Management L.P. grew its position in Walt Disney by 411.6% in the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant's stock valued at $2,663,976,000 after acquiring an additional 26,443,257 shares during the last quarter. Moneta Group Investment Advisors LLC grew its holdings in shares of Walt Disney by 109,924.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant's stock worth $2,056,126,000 after purchasing an additional 23,644,765 shares during the last quarter. Norges Bank purchased a new position in Walt Disney in the 4th quarter worth about $1,433,075,000. Morgan Stanley lifted its holdings in Walt Disney by 13.5% during the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant's stock valued at $4,011,473,000 after buying an additional 5,499,014 shares in the last quarter. Finally, First Eagle Investment Management LLC bought a new stake in Walt Disney during the 3rd quarter valued at about $326,171,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Insiders Place Their Bets

In other news, EVP Sonia L. Coleman sold 1,857 shares of the business's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares of the company's stock, valued at $536,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Walt Disney from $115.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, February 7th. Tigress Financial restated a "buy" rating and set a $136.00 price objective on shares of Walt Disney in a research note on Wednesday, February 21st. Raymond James upped their price target on Walt Disney from $112.00 to $128.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 26th. Morgan Stanley upped their target price on Walt Disney from $110.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, March 4th. Finally, Guggenheim raised their price target on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the company's stock. According to MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and an average target price of $124.54.

Walt Disney Price Performance

Shares of NYSE:DIS traded up $0.94 during trading on Tuesday, reaching $113.89. 9,289,456 shares of the company's stock traded hands, compared to its average volume of 12,253,987. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a 50-day simple moving average of $113.30 and a 200-day simple moving average of $97.91. The firm has a market cap of $208.91 billion, a PE ratio of 70.14, a P/E/G ratio of 1.65 and a beta of 1.42.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.25. The company had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. Walt Disney's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.99 earnings per share. As a group, analysts predict that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be given a dividend of $0.45 per share. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney's dividend payout ratio is presently 18.52%.

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.