Mather Group LLC. Sells 10,531 Shares of The Walt Disney Company (NYSE:DIS)

Mather Group LLC. trimmed its holdings in The Walt Disney Company (NYSE:DIS) by 47.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,820 shares of the entertainment giant’s stock after selling 10,531 shares during the quarter. Mather Group LLC.’s holdings in Walt Disney were worth $1,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of DIS. Mcdonald Partners LLC boosted its holdings in shares of Walt Disney by 0.5% in the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock worth $2,199,000 after buying an additional 88 shares during the last quarter. Sendero Wealth Management LLC increased its position in Walt Disney by 2.0% in the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock worth $569,000 after purchasing an additional 89 shares during the last quarter. Pflug Koory LLC boosted its stake in Walt Disney by 1.0% during the first quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock worth $1,100,000 after buying an additional 91 shares during the period. Regent Peak Wealth Advisors LLC boosted its stake in Walt Disney by 3.5% during the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock worth $343,000 after buying an additional 94 shares during the period. Finally, McLean Asset Management Corp boosted its stake in Walt Disney by 3.2% during the first quarter. McLean Asset Management Corp now owns 3,137 shares of the entertainment giant’s stock worth $370,000 after buying an additional 96 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Insider Activity at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is owned by insiders.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $92.52 on Wednesday. The company has a market capitalization of $168.67 billion, a PE ratio of 100.57, a P/E/G ratio of 1.53 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The company has a 50-day simple moving average of $90.78 and a two-hundred day simple moving average of $100.38. The Walt Disney Company has a one year low of $79.23 and a one year high of $123.74.

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

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent analyst reports. Moffett Nathanson dropped their price objective on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. UBS Group dropped their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Macquarie dropped their price objective on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Bank of America lowered their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Raymond James reissued a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.