MTM Investment Management LLC Reduces Holdings in The Walt Disney Company (NYSE:DIS)

MTM Investment Management LLC trimmed its stake in shares of The Walt Disney Company (NYSE:DIS) by 11.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,106 shares of the entertainment giant’s stock after selling 419 shares during the quarter. MTM Investment Management LLC’s holdings in Walt Disney were worth $295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. William B. Walkup & Associates Inc. purchased a new position in shares of Walt Disney in the second quarter worth $32,000. Mascoma Wealth Management LLC grew its holdings in Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares during the last quarter. First PREMIER Bank increased its position in shares of Walt Disney by 98.1% in 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 during the period. Iron Horse Wealth Management LLC raised its stake in shares of Walt Disney by 148.7% during the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after acquiring an additional 333 shares during the last quarter. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Walt Disney during the third quarter worth about $57,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 1.0 %

DIS stock opened at $112.42 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average of $96.55 and a 200 day moving average of $96.60. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The firm has a market cap of $203.59 billion, a PE ratio of 41.48, a price-to-earnings-growth ratio of 1.85 and a beta of 1.40.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of research analyst reports. Piper Sandler started coverage on Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target on the stock. TD Cowen boosted their target price on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Wells Fargo & Company boosted their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Evercore ISI raised their target price on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research report on Monday. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $123.83.

Walt Disney Company 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.