Marcum Wealth LLC Sells 922 Shares of The Walt Disney Company (NYSE:DIS)

Marcum Wealth LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 8.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,643 shares of the entertainment giant’s stock after selling 922 shares during the quarter. Marcum Wealth LLC’s holdings in Walt Disney were worth $928,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of DIS. ESL Trust Services LLC acquired a new stake in shares of Walt Disney during the first quarter valued at about $31,000. William B. Walkup & Associates Inc. bought a new stake in Walt Disney during the second quarter worth $32,000. Red Tortoise LLC grew its holdings in Walt Disney by 141.4% during the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after purchasing an additional 215 shares during the period. O Brien Wealth Partners LLC bought a new position in Walt Disney in the 1st quarter worth approximately $51,000. Finally, Mascoma Wealth Management LLC lifted its holdings in shares of Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after buying an additional 122 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Calvin Mcdonald acquired 11,756 shares of the stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS opened at $93.60 on Thursday. The Walt Disney Company has a fifty-two week low of $79.23 and a fifty-two week high of $123.74. The firm’s 50 day moving average is $90.76 and its two-hundred day moving average is $100.21. The company has a market cap of $170.64 billion, a P/E ratio of 101.74, a P/E/G ratio of 1.53 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. Analysts expect that The Walt Disney Company will post 4.92 EPS for the current year.

Analysts Set New Price Targets

DIS has been the subject of a number of research reports. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. The Goldman Sachs Group started coverage on Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Macquarie reduced their target price on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 19th. Finally, Loop Capital reduced their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $119.20.

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.