Marco Investment Management LLC Grows Position in The Walt Disney Company (NYSE:DIS)

Marco Investment Management LLC increased its position in The Walt Disney Company (NYSE:DIS) by 11.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 70,313 shares of the entertainment giant’s stock after purchasing an additional 7,345 shares during the quarter. The Walt Disney makes up about 1.4% of Marco Investment Management LLC’s investment portfolio, making the stock its 22nd largest holding. Marco Investment Management LLC’s holdings in The Walt Disney were worth $12,359,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. FORA Capital LLC purchased a new position in The Walt Disney during the first quarter valued at $28,000. Johnson Midwest Financial LLC raised its stake in The Walt Disney by 142.9% during the second quarter. Johnson Midwest Financial LLC now owns 170 shares of the entertainment giant’s stock valued at $30,000 after buying an additional 100 shares during the last quarter. FFT Wealth Management LLC purchased a new position in The Walt Disney during the second quarter valued at $37,000. Paragon Wealth Strategies LLC purchased a new position in The Walt Disney during the second quarter valued at $39,000. Finally, Smith Asset Management Group LP purchased a new position in The Walt Disney during the second quarter valued at $39,000. Institutional investors own 64.10% of the company’s stock.

Several research analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on The Walt Disney from $209.00 to $216.00 and gave the stock an “overweight” rating in a research note on Friday, August 13th. Royal Bank of Canada boosted their price target on The Walt Disney from $202.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, August 13th. Barclays boosted their price target on The Walt Disney from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, August 13th. The Goldman Sachs Group boosted their price target on The Walt Disney from $215.00 to $218.00 and gave the stock a “buy” rating in a research note on Friday, August 13th. Finally, BMO Capital Markets lifted their price objective on The Walt Disney from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Friday, August 13th. Four analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $208.56.

In related news, CEO Robert A. Chapek sold 10,587 shares of the business’s stock in a transaction dated Tuesday, August 31st. The stock was sold at an average price of $182.00, for a total value of $1,926,834.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, August 13th. The shares were sold at an average price of $186.57, for a total value of $1,492,560.00. Following the sale, the executive vice president now owns 42,620 shares in the company, valued at $7,951,613.40. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.

Shares of NYSE DIS traded down $3.98 during mid-day trading on Monday, reaching $179.49. The company’s stock had a trading volume of 176,882 shares, compared to its average volume of 9,474,151. The firm has a market capitalization of $326.16 billion, a PE ratio of 300.77, a P/E/G ratio of 3.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.24 and a quick ratio of 1.19. The stock has a fifty day moving average of $179.35 and a two-hundred day moving average of $181.13. The Walt Disney Company has a 52 week low of $117.23 and a 52 week high of $203.02.

The Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, August 12th. The entertainment giant reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.23. The firm had revenue of $17.02 billion during the quarter, compared to analyst estimates of $16.82 billion. The Walt Disney had a return on equity of 3.78% and a net margin of 1.77%. During the same quarter in the prior year, the company posted $0.08 earnings per share. Analysts anticipate that The Walt Disney Company will post 2.45 EPS for the current fiscal year.

About The Walt Disney

The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Media Networks, Parks, Experiences and Products, Studio Entertainment and Direct-to-Consumer and International (DTCI). The Media Networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, radio networks and stations.

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

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