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

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

A number of other hedge funds and other institutional investors have also bought and sold shares of DIS. Mcdonald Partners LLC lifted its holdings in shares of Walt Disney by 0.5% in the 1st quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock worth $2,199,000 after acquiring an additional 88 shares during the last quarter. Sendero Wealth Management LLC raised its position in Walt Disney by 2.0% in the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock valued at $569,000 after purchasing an additional 89 shares during the period. McKinley Carter Wealth Services Inc. lifted its stake in Walt Disney by 1.5% during the first quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock worth $721,000 after purchasing an additional 89 shares in the last quarter. Pflug Koory LLC boosted its position in shares of Walt Disney by 1.0% during the first quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock worth $1,100,000 after buying an additional 91 shares during the period. Finally, Regent Peak Wealth Advisors LLC raised its holdings in shares of Walt Disney by 3.5% in the 1st quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock valued at $343,000 after buying an additional 94 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by insiders.

Walt Disney Stock Performance

Walt Disney stock traded up $0.25 during mid-day trading on Friday, reaching $86.21. 16,008,396 shares of the company were exchanged, compared to its average volume of 11,678,434. The firm’s 50-day simple moving average is $96.90 and its two-hundred day simple moving average is $105.21. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The firm has a market cap of $157.16 billion, a PE ratio of 93.71, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the company earned $1.03 earnings per share. Equities analysts predict that The Walt Disney Company will post 4.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on DIS shares. Loop Capital reduced their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Barclays cut their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday. Wells Fargo & Company decreased their price target on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday. Macquarie increased their price objective on shares of Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $118.75.

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.