Kingsview Wealth Management LLC boosted its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 13.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,030 shares of the entertainment giant's stock after acquiring an additional 13,829 shares during the quarter. Kingsview Wealth Management LLC's holdings in Walt Disney were worth $10,872,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of DIS. William B. Walkup & Associates Inc. purchased a new position in Walt Disney during the 2nd quarter valued at $32,000. Mascoma Wealth Management LLC raised its holdings 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 valued at $44,000 after acquiring an additional 122 shares in the last quarter. First PREMIER Bank lifted its stake in 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 acquiring an additional 256 shares during the period. Iron Horse Wealth Management LLC increased its position in Walt Disney by 148.7% during 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 during the period. Finally, Livelsberger Financial Advisory bought a new stake in shares of Walt Disney in the 3rd quarter valued at about $57,000. Hedge funds and other institutional investors own 65.71% of the company's stock.
Walt Disney Price Performance
Shares of DIS stock traded up $0.93 on Friday, reaching $115.65. 10,098,038 shares of the company were exchanged, compared to its average volume of 12,343,244. The company has a market cap of $209.44 billion, a price-to-earnings ratio of 42.68, a P/E/G ratio of 2.13 and a beta of 1.40. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The business has a 50-day moving average price of $98.09 and a 200 day moving average price of $96.84. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.
Insiders Place Their Bets
In related news, EVP Brent Woodford sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the sale, the executive vice president now owns 44,055 shares of the company's stock, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert A. Iger sold 372,412 shares of the business's stock in a transaction on Friday, November 22nd. The stock was 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 in the company, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of equities analysts recently commented on DIS shares. UBS Group reduced their price objective on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Seaport Res Ptn upgraded Walt Disney from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 30th. Needham & Company LLC boosted their target price on shares of Walt Disney from $110.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Raymond James restated a "market perform" rating on shares of Walt Disney in a report on Tuesday, October 1st. Finally, Evercore ISI boosted their price objective on shares of Walt Disney from $128.00 to $134.00 and gave the stock an "outperform" rating in a research note on Monday, November 18th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $123.83.
Read Our Latest Report on DIS
Walt Disney Profile
(
Free Report)
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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