Monterey Private Wealth Inc. Increases Holdings in The Walt Disney Company (NYSE:DIS)

Monterey Private Wealth Inc. boosted its holdings in shares of The Walt Disney Company (NYSE:DISGet Rating) by 4.3% during the second quarter, Holdings Channel reports. The firm owned 9,863 shares of the entertainment giant’s stock after acquiring an additional 411 shares during the quarter. Monterey Private Wealth Inc.’s holdings in Walt Disney were worth $931,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Clear Perspectives Financial Planning LLC increased its holdings in Walt Disney by 126.3% during the 1st quarter. Clear Perspectives Financial Planning LLC now owns 181 shares of the entertainment giant’s stock valued at $25,000 after purchasing an additional 101 shares during the period. Roble Belko & Company Inc increased its holdings in Walt Disney by 96.2% during the 1st quarter. Roble Belko & Company Inc now owns 206 shares of the entertainment giant’s stock valued at $28,000 after purchasing an additional 101 shares during the period. MBM Wealth Consultants LLC increased its holdings in Walt Disney by 94.7% during the 4th quarter. MBM Wealth Consultants LLC now owns 220 shares of the entertainment giant’s stock valued at $34,000 after purchasing an additional 107 shares during the period. Rational Advisors LLC increased its holdings in Walt Disney by 74.1% during the 1st quarter. Rational Advisors LLC now owns 242 shares of the entertainment giant’s stock valued at $33,000 after purchasing an additional 103 shares during the period. Finally, Delos Wealth Advisors LLC increased its holdings in Walt Disney by 2,933.3% during the 4th quarter. Delos Wealth Advisors LLC now owns 273 shares of the entertainment giant’s stock valued at $42,000 after purchasing an additional 264 shares during the period. Hedge funds and other institutional investors own 61.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DIS shares. Credit Suisse Group reduced their target price on Walt Disney from $170.00 to $157.00 and set an “outperform” rating on the stock in a report on Thursday, August 11th. Royal Bank of Canada set a $150.00 target price on Walt Disney in a report on Wednesday, August 10th. Barclays reduced their target price on Walt Disney from $130.00 to $120.00 and set an “equal weight” rating on the stock in a report on Thursday, July 14th. Guggenheim upgraded Walt Disney from a “neutral” rating to a “buy” rating and upped their target price for the stock from $110.00 to $145.00 in a report on Thursday, August 11th. Finally, Morgan Stanley reduced their target price on Walt Disney from $170.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, June 30th. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.48.

Walt Disney Stock Performance

DIS stock opened at $102.16 on Friday. The stock has a market capitalization of $186.24 billion, a PE ratio of 59.40, a price-to-earnings-growth ratio of 1.40 and a beta of 1.20. The Walt Disney Company has a 12-month low of $90.23 and a 12-month high of $179.63. The company has a current ratio of 1.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The stock’s 50 day simple moving average is $110.43 and its 200 day simple moving average is $113.15.

Walt Disney (NYSE:DISGet Rating) last released its quarterly earnings data on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.10. The business had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.01 billion. Walt Disney had a return on equity of 7.20% and a net margin of 3.87%. The firm’s quarterly revenue was up 26.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 EPS. As a group, research analysts forecast that The Walt Disney Company will post 3.85 earnings per share for the current fiscal year.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 3,000 shares of the stock in a transaction on Friday, August 12th. The stock was sold at an average price of $119.03, for a total transaction of $357,090.00. Following the transaction, the executive vice president now directly owns 28,624 shares of the company’s stock, valued at approximately $3,407,114.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by insiders.

About Walt Disney

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The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

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

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