Montecito Bank & Trust lowered its stake in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,266 shares of the entertainment giant’s stock after selling 136 shares during the quarter. Montecito Bank & Trust’s holdings in Walt Disney were worth $1,829,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of DIS. Worth Asset Management LLC bought a new stake in shares of Walt Disney in the first quarter valued at about $29,000. NewSquare Capital LLC lifted its position in shares of Walt Disney by 805.9% in the 4th quarter. NewSquare Capital LLC now owns 308 shares of the entertainment giant’s stock worth $27,000 after acquiring an additional 274 shares during the period. Luken Investment Analytics LLC acquired a new stake in shares of Walt Disney during the 4th quarter worth approximately $29,000. MBM Wealth Consultants LLC raised its stake in shares of Walt Disney by 197.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after purchasing an additional 243 shares in the last quarter. Finally, Silicon Valley Capital Partners bought a new position in Walt Disney in the fourth quarter worth $35,000. 63.67% of the stock is owned by institutional investors.
Walt Disney Price Performance
Shares of DIS stock opened at $88.64 on Monday. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 0.44. The Walt Disney Company has a 12 month low of $84.07 and a 12 month high of $126.48. The firm has a market cap of $161.97 billion, a price-to-earnings ratio of 39.40, a PEG ratio of 1.98 and a beta of 1.28. The stock has a 50-day moving average price of $92.15 and a 200 day moving average price of $96.84.
Analyst Ratings Changes
A number of equities analysts have recently commented on DIS shares. Guggenheim reduced their price objective on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, April 11th. KeyCorp lowered their price objective on Walt Disney from $120.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, May 25th. Morgan Stanley cut their target price on Walt Disney from $120.00 to $110.00 in a research report on Monday, June 5th. StockNews.com initiated coverage on Walt Disney in a research note on Thursday, May 18th. They set a “sell” rating for the company. Finally, Wolfe Research downgraded shares of Walt Disney from an “outperform” rating to a “peer perform” rating in a research note on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $121.82.
Insider Buying and Selling at Walt Disney
In related news, EVP Brent Woodford sold 1,145 shares of Walt Disney stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $99.16, for a total transaction of $113,538.20. Following the completion of the sale, the executive vice president now directly owns 29,138 shares of the company’s stock, valued at $2,889,324.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.
Walt Disney Profile
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 networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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