Monterey Private Wealth Inc. Buys 411 Shares of The Walt Disney Company (NYSE:DIS)

Monterey Private Wealth Inc. grew its stake in The Walt Disney Company (NYSE:DISGet Rating) by 4.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,863 shares of the entertainment giant’s stock after purchasing 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 reporting period.

A number of other large investors also recently modified their holdings of DIS. Clear Perspectives Financial Planning LLC lifted its holdings in Walt Disney by 126.3% during the first quarter. Clear Perspectives Financial Planning LLC now owns 181 shares of the entertainment giant’s stock worth $25,000 after acquiring an additional 101 shares during the period. Roble Belko & Company Inc lifted its holdings in Walt Disney by 96.2% during the first quarter. Roble Belko & Company Inc now owns 206 shares of the entertainment giant’s stock worth $28,000 after acquiring an additional 101 shares during the period. MBM Wealth Consultants LLC lifted its holdings in Walt Disney by 94.7% during the fourth quarter. MBM Wealth Consultants LLC now owns 220 shares of the entertainment giant’s stock worth $34,000 after acquiring an additional 107 shares during the period. Rational Advisors LLC lifted its holdings in Walt Disney by 74.1% during the first quarter. Rational Advisors LLC now owns 242 shares of the entertainment giant’s stock worth $33,000 after acquiring an additional 103 shares during the period. Finally, Delos Wealth Advisors LLC lifted its holdings in Walt Disney by 2,933.3% during the fourth quarter. Delos Wealth Advisors LLC now owns 273 shares of the entertainment giant’s stock worth $42,000 after acquiring an additional 264 shares during the period. Institutional investors own 61.37% of the company’s stock.

Walt Disney Price Performance

Walt Disney stock opened at $102.16 on Friday. The Walt Disney Company has a 52 week low of $90.23 and a 52 week high of $179.63. The business has a 50-day simple moving average of $110.43 and a 200 day simple moving average of $113.15. The company has a quick ratio of 0.97, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. The stock has a market cap of $186.24 billion, a price-to-earnings ratio of 59.40, a PEG ratio of 1.40 and a beta of 1.20.

Walt Disney (NYSE:DISGet Rating) last issued its quarterly earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.10. Walt Disney had a return on equity of 7.20% and a net margin of 3.87%. The firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.01 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue was up 26.5% compared to the same quarter last year. On average, research analysts forecast that The Walt Disney Company will post 3.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 3,000 shares of Walt Disney stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $119.03, for a total transaction of $357,090.00. Following the completion of the sale, the executive vice president now owns 28,624 shares of the company’s stock, valued at $3,407,114.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DIS. Evercore ISI dropped their price target on Walt Disney from $150.00 to $130.00 in a report on Wednesday, July 27th. Truist Financial decreased their target price on Walt Disney from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, July 26th. Barclays decreased their target price on Walt Disney from $130.00 to $120.00 and set an “equal weight” rating for the company in a research report on Thursday, July 14th. Rosenblatt Securities raised their target price on Walt Disney from $124.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Finally, StockNews.com raised Walt Disney from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $151.48.

Walt Disney Profile

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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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