Maridea Wealth Management LLC Trims Stake in The Walt Disney Company $DIS

Maridea Wealth Management LLC cut its position in The Walt Disney Company (NYSE:DIS) by 64.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,308 shares of the entertainment giant’s stock after selling 7,871 shares during the quarter. Maridea Wealth Management LLC’s holdings in Walt Disney were worth $534,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Walt Disney during the 1st quarter worth $26,000. Kessler Investment Group LLC increased its stake in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 200 shares during the period. Copia Wealth Management purchased a new stake in shares of Walt Disney in the fourth quarter valued at about $36,000. First PREMIER Bank raised its holdings in shares of Walt Disney by 72.2% in the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock valued at $48,000 after buying an additional 205 shares during the last quarter. Finally, Capitol Family Office Inc. acquired a new stake in shares of Walt Disney during the first quarter worth about $52,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Susquehanna reissued a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Rosenblatt Securities increased their price target on Walt Disney from $140.00 to $141.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Loop Capital boosted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Finally, Wall Street Zen downgraded shares of Walt Disney from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $131.18.

Walt Disney Stock Down 0.4%

Shares of NYSE DIS opened at $112.95 on Friday. The stock has a market capitalization of $203.07 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 1.64 and a beta of 1.55. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The firm has a 50-day moving average price of $117.11 and a 200 day moving average price of $109.34. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) 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 company had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same period last year, the company posted $1.39 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

About Walt Disney

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.