Icon Wealth Advisors LLC Sells 6,348 Shares of The Walt Disney Company (NYSE:DIS)

Icon Wealth Advisors LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 34.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,877 shares of the entertainment giant's stock after selling 6,348 shares during the quarter. Icon Wealth Advisors LLC's holdings in Walt Disney were worth $1,142,000 as of its most recent SEC filing.

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

Walt Disney Stock Up 0.8 %

DIS stock traded up $0.93 during mid-day trading on Friday, reaching $115.65. The company had a trading volume of 10,098,038 shares, compared to its average volume of 12,343,244. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The stock has a 50 day simple moving average of $98.09 and a two-hundred day simple moving average of $96.78. The company has a market capitalization of $209.44 billion, a price-to-earnings ratio of 42.68, a PEG ratio of 2.13 and a beta of 1.40. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74.

Analyst Ratings Changes

DIS has been the topic of several research analyst reports. UBS Group decreased their price target on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Evercore ISI upped their price target on Walt Disney from $128.00 to $134.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. Raymond James reiterated a "market perform" rating on shares of Walt Disney in a research report on Tuesday, October 1st. Macquarie raised their target price on shares of Walt Disney from $91.00 to $110.00 and gave the company a "neutral" rating in a research note on Friday, November 15th. Finally, Loop Capital lifted their price objective on Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $123.83.

Insider Transactions at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the business's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares of the company's stock, valued at $5,005,529.10. This represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney 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.