Mechanics Bank Trust Department Buys 860 Shares of The Walt Disney Company (NYSE:DIS)

Mechanics Bank Trust Department boosted its stake in The Walt Disney Company (NYSE:DIS) by 7.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,724 shares of the entertainment giant’s stock after acquiring an additional 860 shares during the quarter. Mechanics Bank Trust Department’s holdings in Walt Disney were worth $1,263,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MJP Associates Inc. ADV grew its stake in shares of Walt Disney by 4.3% during the 2nd quarter. MJP Associates Inc. ADV now owns 6,948 shares of the entertainment giant’s stock worth $690,000 after acquiring an additional 286 shares in the last quarter. Capital CS Group LLC boosted its stake in shares of Walt Disney by 106.0% during the 2nd quarter. Capital CS Group LLC now owns 2,553 shares of the entertainment giant’s stock worth $253,000 after buying an additional 45,020 shares during the last quarter. Fermata Advisors LLC increased its position in shares of Walt Disney by 58.2% in the second quarter. Fermata Advisors LLC now owns 4,518 shares of the entertainment giant’s stock valued at $449,000 after acquiring an additional 1,663 shares during the last quarter. Jacobs & Co. CA boosted its position in Walt Disney by 4.8% during the second quarter. Jacobs & Co. CA now owns 110,317 shares of the entertainment giant’s stock valued at $10,953,000 after purchasing an additional 5,038 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC increased its position in shares of Walt Disney by 1.0% during the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 19,242 shares of the entertainment giant’s stock worth $1,911,000 after purchasing an additional 182 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DIS has been the topic of a number of recent analyst reports. Loop Capital lowered their target price on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Moffett Nathanson reduced their price target on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Raymond James dropped their price objective on Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a research note on Thursday. UBS Group decreased their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Needham & Company LLC decreased their price objective on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday. Three research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.75.

Insider Buying and Selling

In other news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Price Performance

NYSE:DIS traded up $0.25 during trading hours on Friday, hitting $86.21. The company’s stock had a trading volume of 16,008,396 shares, compared to its average volume of 11,678,434. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The company has a market capitalization of $157.16 billion, a P/E ratio of 93.71, a PEG ratio of 1.15 and a beta of 1.40. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The stock has a fifty day simple moving average of $96.90 and a 200-day simple moving average of $105.21.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the prior year, the company earned $1.03 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, analysts anticipate that The Walt Disney Company will post 4.77 EPS for the current fiscal year.

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.