Mattern Wealth Management LLC Has $204,000 Position in Walt Disney Co (NYSE:DIS)

Mattern Wealth Management LLC cut its stake in shares of Walt Disney Co (NYSE:DIS) by 47.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,828 shares of the entertainment giant’s stock after selling 1,642 shares during the quarter. Mattern Wealth Management LLC’s holdings in Walt Disney were worth $204,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Greatmark Investment Partners Inc. raised its position in shares of Walt Disney by 2.6% in the 1st quarter. Greatmark Investment Partners Inc. now owns 3,645 shares of the entertainment giant’s stock worth $352,000 after acquiring an additional 93 shares in the last quarter. Diversified Trust Co raised its position in shares of Walt Disney by 4.0% in the 1st quarter. Diversified Trust Co now owns 2,571 shares of the entertainment giant’s stock worth $248,000 after acquiring an additional 100 shares in the last quarter. Premier Asset Management LLC increased its position in Walt Disney by 4.8% in the 1st quarter. Premier Asset Management LLC now owns 2,165 shares of the entertainment giant’s stock valued at $209,000 after buying an additional 100 shares in the last quarter. Ellis Investment Partners LLC increased its position in Walt Disney by 1.9% in the 2nd quarter. Ellis Investment Partners LLC now owns 5,290 shares of the entertainment giant’s stock valued at $597,000 after buying an additional 100 shares in the last quarter. Finally, Winning Points Advisors LLC increased its position in Walt Disney by 2.6% in the 1st quarter. Winning Points Advisors LLC now owns 3,967 shares of the entertainment giant’s stock valued at $383,000 after buying an additional 101 shares in the last quarter. 62.66% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney stock opened at $116.94 on Friday. Walt Disney Co has a 12 month low of $79.07 and a 12 month high of $153.41. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 0.45. The business’s 50 day simple moving average is $115.68 and its 200 day simple moving average is $117.27. The company has a market cap of $208.91 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 13.36 and a beta of 1.10.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, May 5th. The entertainment giant reported $0.60 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.23). Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The firm had revenue of $18.01 billion during the quarter, compared to analysts’ expectations of $17.49 billion. During the same quarter in the previous year, the company posted $1.61 EPS. Walt Disney’s revenue for the quarter was up 20.7% on a year-over-year basis. As a group, equities research analysts forecast that Walt Disney Co will post 1.38 earnings per share for the current fiscal year.

A number of analysts recently commented on DIS shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Walt Disney in a research report on Friday, June 26th. Rosenblatt Securities reiterated a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research note on Wednesday, May 6th. Royal Bank of Canada cut their price target on Walt Disney from $110.00 to $108.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. Guggenheim lifted their price target on Walt Disney from $115.00 to $123.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, SunTrust Banks lifted their price target on Walt Disney from $110.00 to $160.00 and gave the company a “hold” rating in a research note on Tuesday, April 14th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $125.35.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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