Mather Group LLC. Decreases Stake in The Walt Disney Company $DIS

Mather Group LLC. cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 8.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,876 shares of the entertainment giant’s stock after selling 1,166 shares during the quarter. Mather Group LLC.’s holdings in Walt Disney were worth $1,473,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DIS. J. Safra Sarasin Holding AG boosted its position in shares of Walt Disney by 8.1% in the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock worth $21,983,000 after buying an additional 16,781 shares in the last quarter. Planning Directions Inc. acquired a new stake in shares of Walt Disney in the first quarter worth approximately $326,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Walt Disney in the 2nd quarter valued at $4,220,599,000. Wedge Capital Management L L P NC boosted its holdings in Walt Disney by 8,744.0% in the second quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock valued at $39,724,000 after acquiring an additional 316,707 shares during the last quarter. Finally, WoodTrust Financial Corp grew its holdings in shares of Walt Disney by 6.7% during the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock worth $9,491,000 after purchasing an additional 6,047 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $113.49 on Thursday. The firm has a market capitalization of $204.05 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 1.62 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The business has a 50 day simple moving average of $117.30 and a 200 day simple moving average of $109.27.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same period in the previous year, the business earned $1.39 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. On average, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DIS shares. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Tuesday. Jefferies Financial Group lowered shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Barclays raised their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Chardan Capital reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $131.18.

Walt Disney Company 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.