Mechanics Financial Corp Has $1.38 Million Stake in The Walt Disney Company $DIS

Mechanics Financial Corp lowered its position in The Walt Disney Company (NYSE:DIS) by 0.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,156 shares of the entertainment giant’s stock after selling 95 shares during the quarter. Mechanics Financial Corp’s holdings in Walt Disney were worth $1,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jmac Enterprises LLC acquired a new position in shares of Walt Disney in the second quarter valued at approximately $216,000. Rainey & Randall Wealth Advisors Inc. acquired a new position in shares of Walt Disney in the second quarter valued at approximately $207,000. Cornell Pochily Investment Advisors Inc. increased its stake in shares of Walt Disney by 12.9% in the second quarter. Cornell Pochily Investment Advisors Inc. now owns 7,609 shares of the entertainment giant’s stock valued at $944,000 after buying an additional 872 shares during the period. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Walt Disney by 6.8% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 25,825 shares of the entertainment giant’s stock valued at $3,203,000 after buying an additional 1,644 shares during the period. Finally, Catalina Capital Group LLC acquired a new position in shares of Walt Disney in the second quarter valued at approximately $214,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DIS. Jefferies Financial Group downgraded Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Barclays increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. increased their target price on shares of Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Finally, Needham & Company LLC reissued a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research report on Tuesday, September 23rd. Nineteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Price Performance

Walt Disney stock opened at $112.14 on Friday. The stock has a market capitalization of $201.62 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.48 and a beta of 1.54. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The stock’s 50 day moving average price is $116.30 and its two-hundred day moving average price is $109.86. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.39 EPS. On average, equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney 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.