Marietta Investment Partners LLC Lowers Stake in The Walt Disney Company (NYSE:DIS)

Marietta Investment Partners LLC reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 51.5% during the 4th quarter, HoldingsChannel reports. The fund owned 1,927 shares of the entertainment giant’s stock after selling 2,050 shares during the period. Marietta Investment Partners LLC’s holdings in Walt Disney were worth $215,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. State Street Corp raised its position in shares of Walt Disney by 0.6% during the 3rd quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant’s stock worth $7,463,978,000 after purchasing an additional 490,681 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Walt Disney by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock worth $3,609,833,000 after purchasing an additional 1,393,082 shares during the last quarter. FMR LLC raised its position in shares of Walt Disney by 8.7% during the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock worth $3,310,539,000 after purchasing an additional 2,765,389 shares during the last quarter. Jennison Associates LLC raised its position in shares of Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after purchasing an additional 3,636,742 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Walt Disney by 15.5% during the 4th quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock worth $1,904,563,000 after purchasing an additional 2,300,912 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of DIS stock opened at $99.51 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The stock has a market capitalization of $179.89 billion, a PE ratio of 32.41, a P/E/G ratio of 1.80 and a beta of 1.41. The firm has a 50 day moving average of $108.04 and a two-hundred day moving average of $104.58.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Ratings Changes

DIS has been the subject of several research analyst reports. Macquarie restated a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Loop Capital increased their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Rosenblatt Securities reiterated a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a report on Monday, February 10th. Citigroup reiterated a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Finally, Jefferies Financial Group assumed coverage on shares of Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $125.64.

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.