Eagle Asset Management Inc. Boosts Stake in The Walt Disney Company (NYSE:DIS)

Eagle Asset Management Inc. lifted its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 49.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,000 shares of the entertainment giant's stock after acquiring an additional 4,947 shares during the period. Eagle Asset Management Inc.'s holdings in Walt Disney were worth $1,485,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Concurrent Investment Advisors LLC boosted its holdings in shares of Walt Disney by 8.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant's stock valued at $6,420,000 after buying an additional 5,184 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Walt Disney by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant's stock valued at $1,001,454,000 after acquiring an additional 114,701 shares in the last quarter. Summit Global Investments grew its holdings in Walt Disney by 476.0% in the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant's stock worth $1,191,000 after purchasing an additional 10,230 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Walt Disney during the third quarter worth $14,079,000. Finally, Lmcg Investments LLC lifted its holdings in shares of Walt Disney by 18.6% during the 3rd quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant's stock valued at $14,174,000 after purchasing an additional 23,116 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Price Performance

DIS traded up $0.12 during trading on Tuesday, hitting $116.12. The company's stock had a trading volume of 2,462,758 shares, compared to its average volume of 10,968,464. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $210.29 billion, a price-to-earnings ratio of 42.80, a P/E/G ratio of 2.15 and a beta of 1.40. The business's fifty day simple moving average is $98.57 and its 200 day simple moving average is $96.79. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the sale, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the transaction, the chief executive officer now directly owns 226,767 shares of the company's stock, valued at $25,980,695.19. The trade was a 62.15 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DIS shares. TD Cowen boosted their target price on Walt Disney from $108.00 to $123.00 and gave the stock a "hold" rating in a research note on Friday, November 15th. Raymond James restated a "market perform" rating on shares of Walt Disney in a report on Tuesday, October 1st. Guggenheim lifted their target price on shares of Walt Disney from $110.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. JPMorgan Chase & Co. cut their price target on shares of Walt Disney from $135.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, August 8th. Finally, Sanford C. Bernstein lifted their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, November 15th. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $123.83.

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.