The Walt Disney Company (NYSE:DIS) Shares Bought by Mechanics Financial Corp

Mechanics Financial Corp raised its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,096 shares of the entertainment giant’s stock after acquiring an additional 169 shares during the period. Mechanics Financial Corp’s holdings in Walt Disney were worth $1,102,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. United Asset Strategies Inc. increased its holdings in shares of Walt Disney by 2.7% during the 2nd quarter. United Asset Strategies Inc. now owns 58,186 shares of the entertainment giant’s stock valued at $5,777,000 after purchasing an additional 1,513 shares in the last quarter. Crestwood Advisors Group LLC increased its holdings in Walt Disney by 4.8% in the second quarter. Crestwood Advisors Group LLC now owns 272,671 shares of the entertainment giant’s stock valued at $27,075,000 after buying an additional 12,549 shares in the last quarter. Elevated Capital Advisors LLC increased its holdings in Walt Disney by 7.6% in the second quarter. Elevated Capital Advisors LLC now owns 6,572 shares of the entertainment giant’s stock valued at $653,000 after buying an additional 465 shares in the last quarter. LCM Capital Management Inc raised its position in shares of Walt Disney by 11.7% in the second quarter. LCM Capital Management Inc now owns 8,030 shares of the entertainment giant’s stock worth $797,000 after acquiring an additional 843 shares during the period. Finally, Hilltop Partners LLC boosted its stake in shares of Walt Disney by 9.1% during the 2nd quarter. Hilltop Partners LLC now owns 9,225 shares of the entertainment giant’s stock worth $916,000 after acquiring an additional 770 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Up 0.6 %

DIS stock traded up $0.57 during midday trading on Monday, hitting $90.38. 8,403,600 shares of the company’s stock were exchanged, compared to its average volume of 11,458,957. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The business has a 50-day simple moving average of $93.23 and a two-hundred day simple moving average of $103.94. The stock has a market capitalization of $163.91 billion, a PE ratio of 98.24, a P/E/G ratio of 1.34 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last issued 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 analyst estimates of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. Walt Disney’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. On average, sell-side analysts predict that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Analyst Ratings Changes

DIS has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, August 8th. The Goldman Sachs Group assumed coverage on Walt Disney in a research report on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price on the stock. Loop Capital cut their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. UBS Group decreased their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. cut their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $117.95.

Insider Buying and Selling

In other news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Company Profile

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.