Bank of Marin Makes New Investment in The Walt Disney Company (NYSE:DIS)

Bank of Marin bought a new stake in The Walt Disney Company (NYSE:DIS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,162 shares of the entertainment giant’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. ESL Trust Services LLC purchased a new stake in Walt Disney during the first quarter valued at about $31,000. William B. Walkup & Associates Inc. acquired a new stake in Walt Disney during the 2nd quarter valued at $32,000. Mascoma Wealth Management LLC lifted its stake in shares of Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares in the last quarter. First PREMIER Bank increased its stake 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 worth $50,000 after buying an additional 256 shares during the last quarter. Finally, Iron Horse Wealth Management LLC raised its stake in shares of Walt Disney by 148.7% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after purchasing an additional 333 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Up 3.0 %

DIS traded up $3.31 during midday trading on Friday, hitting $112.43. 5,069,785 shares of the company’s stock traded hands, compared to its average volume of 10,883,850. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The stock’s fifty day simple moving average is $95.03 and its 200-day simple moving average is $96.77. The company has a market cap of $203.90 billion, a PE ratio of 43.12, a price-to-earnings-growth ratio of 1.67 and a beta of 1.40.

Analysts Set New Price Targets

Several brokerages recently issued reports on DIS. Bank of America raised their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday. Piper Sandler started coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target on the stock. Wells Fargo & Company raised their target price on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday. Evercore ISI lifted their price target on shares of Walt Disney from $105.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Loop Capital dropped their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Four analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.68.

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.