King Luther Capital Management Corp Has $43.09 Million Stock Position in The Walt Disney Company (NYSE:DIS)

King Luther Capital Management Corp cut its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 17.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 447,961 shares of the entertainment giant's stock after selling 91,613 shares during the period. King Luther Capital Management Corp's holdings in Walt Disney were worth $43,089,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cornerstone Advisors LLC increased its stake in Walt Disney by 9.9% in the third quarter. Cornerstone Advisors LLC now owns 87,600 shares of the entertainment giant's stock valued at $8,426,000 after acquiring an additional 7,900 shares during the period. Citizens Financial Group Inc. RI grew its stake in shares of Walt Disney by 42.5% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 230,530 shares of the entertainment giant's stock valued at $22,175,000 after purchasing an additional 68,698 shares during the period. Payden & Rygel raised its holdings in shares of Walt Disney by 0.5% in the 3rd quarter. Payden & Rygel now owns 76,230 shares of the entertainment giant's stock worth $7,333,000 after buying an additional 400 shares in the last quarter. Darwin Wealth Management LLC bought a new position in shares of Walt Disney during the 3rd quarter worth approximately $176,000. Finally, Grandfield & Dodd LLC lifted its position in shares of Walt Disney by 1.8% during the 3rd quarter. Grandfield & Dodd LLC now owns 234,341 shares of the entertainment giant's stock worth $22,541,000 after buying an additional 4,110 shares during the period. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Performance

DIS stock opened at $114.27 on Thursday. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. 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 cap of $206.94 billion, a PE ratio of 42.17, a P/E/G ratio of 1.85 and a beta of 1.40. The business's 50-day moving average price is $97.07 and its two-hundred day moving average price is $96.72.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Guggenheim boosted their target price on shares of Walt Disney from $110.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Needham & Company LLC upped their price objective 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. Sanford C. Bernstein lifted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, November 15th. Evercore ISI increased their price target on Walt Disney from $128.00 to $134.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, Loop Capital increased their target price on Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.

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