Brown Miller Wealth Management LLC Sells 316 Shares of The Walt Disney Company $DIS

Brown Miller Wealth Management LLC decreased its position in The Walt Disney Company (NYSE:DIS) by 0.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,610 shares of the entertainment giant’s stock after selling 316 shares during the quarter. Walt Disney accounts for 1.4% of Brown Miller Wealth Management LLC’s portfolio, making the stock its 12th largest position. Brown Miller Wealth Management LLC’s holdings in Walt Disney were worth $4,416,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its position in Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after purchasing an additional 1,904 shares during the period. Vest Financial LLC boosted its position in Walt Disney by 73.5% during the first quarter. Vest Financial LLC now owns 12,996 shares of the entertainment giant’s stock valued at $1,283,000 after buying an additional 5,507 shares during the period. Curat Global LLC bought a new position in shares of Walt Disney during the first quarter valued at about $142,000. Eagle Rock Investment Company LLC increased its holdings in shares of Walt Disney by 0.9% in the first quarter. Eagle Rock Investment Company LLC now owns 65,806 shares of the entertainment giant’s stock worth $6,495,000 after buying an additional 615 shares during the period. Finally, Pines Wealth Management LLC lifted its stake in shares of Walt Disney by 6.4% in the 1st quarter. Pines Wealth Management LLC now owns 6,114 shares of the entertainment giant’s stock valued at $603,000 after acquiring an additional 366 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Up 0.3%

NYSE:DIS opened at $112.49 on Friday. The company has a 50-day moving average price of $116.12 and a 200-day moving average price of $110.02. The stock has a market cap of $202.25 billion, a price-to-earnings ratio of 17.63, a P/E/G ratio of 1.48 and a beta of 1.54. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter in the previous year, the company earned $1.39 earnings per share. Walt Disney’s quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DIS. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday. Jefferies Financial Group cut shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Citigroup upped their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Susquehanna restated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $131.18.

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.