New Covenant Trust Company N.A. Purchases 575 Shares of The Walt Disney Company (NYSE:DIS)

New Covenant Trust Company N.A. grew its holdings in shares of The Walt Disney Company (NYSE:DIS) by 10.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,155 shares of the entertainment giant’s stock after buying an additional 575 shares during the period. New Covenant Trust Company N.A.’s holdings in Walt Disney were worth $591,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ESL Trust Services LLC bought a new position in Walt Disney during the 1st quarter valued at approximately $31,000. William B. Walkup & Associates Inc. bought a new position in shares of Walt Disney in the second quarter worth approximately $32,000. Mascoma Wealth Management LLC grew its holdings in shares of Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 122 shares during the last quarter. First PREMIER Bank increased its position in shares of Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 256 shares in the last quarter. Finally, Iron Horse Wealth Management LLC raised its holdings in Walt Disney by 148.7% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after acquiring an additional 333 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on DIS shares. Piper Sandler started coverage on Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price on the stock. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Morgan Stanley reduced their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Finally, Raymond James restated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $118.05.

Walt Disney Stock Performance

NYSE:DIS opened at $95.81 on Friday. The stock has a 50-day moving average price of $93.16 and a 200 day moving average price of $97.45. The stock has a market capitalization of $173.76 billion, a P/E ratio of 36.85, a P/E/G ratio of 1.51 and a beta of 1.40. The Walt Disney Company has a 12-month low of $81.82 and a 12-month high of $123.74. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same period last year, the firm posted $1.03 EPS. The company’s revenue was up 3.9% on a year-over-year basis. Equities research analysts forecast that The Walt Disney Company will post 4.93 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald acquired 11,756 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by insiders.

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.