Mascoma Wealth Management LLC Has $44,000 Stock Holdings in The Walt Disney Company (NYSE:DIS)

Mascoma Wealth Management LLC increased its holdings in The Walt Disney Company (NYSE:DIS) by 38.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 443 shares of the entertainment giant’s stock after acquiring an additional 122 shares during the period. Mascoma Wealth Management LLC’s holdings in Walt Disney were worth $44,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Gold Investment Management Ltd. purchased a new stake in Walt Disney in the 4th quarter valued at $28,000. ESL Trust Services LLC purchased a new stake in Walt Disney in the 1st quarter valued at about $31,000. Partnership Wealth Management LLC purchased a new position in shares of Walt Disney in the 4th quarter worth approximately $33,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Walt Disney during the fourth quarter valued at approximately $37,000. Finally, Beaird Harris Wealth Management LLC boosted its position in Walt Disney by 30.7% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 117 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS opened at $89.23 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The stock has a market cap of $162.67 billion, a P/E ratio of 96.99, a price-to-earnings-growth ratio of 1.34 and a beta of 1.40. The firm’s fifty day simple moving average is $92.48 and its 200 day simple moving average is $103.53.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the previous year, the firm posted $1.03 EPS. The business’s revenue was up 3.9% on a year-over-year basis. As a group, research analysts predict that The Walt Disney Company will post 4.92 EPS for the current year.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction dated Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the subject of several research reports. Barclays reduced their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. UBS Group lowered their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective on the stock in a report on Tuesday, May 21st. Morgan Stanley lowered their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, Bank of America lowered their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $117.95.

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.