Loomis Sayles & Co. L P Trims Stock Position in The Walt Disney Company (NYSE:DIS)

Loomis Sayles & Co. L P reduced its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,799,073 shares of the entertainment giant's stock after selling 434,367 shares during the quarter. Walt Disney comprises approximately 1.9% of Loomis Sayles & Co. L P's holdings, making the stock its 14th largest position. Loomis Sayles & Co. L P owned 0.82% of Walt Disney worth $1,423,523,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DIS. Smithfield Trust Co lifted its position in Walt Disney by 0.5% in the third quarter. Smithfield Trust Co now owns 18,869 shares of the entertainment giant's stock valued at $1,809,000 after acquiring an additional 102 shares during the last quarter. Connable Office Inc. grew its stake in Walt Disney by 0.3% during the 3rd quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant's stock worth $3,371,000 after buying an additional 108 shares during the last quarter. ADE LLC increased its position in Walt Disney by 4.6% during the second quarter. ADE LLC now owns 2,509 shares of the entertainment giant's stock worth $249,000 after buying an additional 110 shares during the period. Cozad Asset Management Inc. lifted its stake in Walt Disney by 1.9% in the third quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant's stock valued at $579,000 after buying an additional 110 shares during the last quarter. Finally, Absher Wealth Management LLC grew its position in shares of Walt Disney by 0.8% during the third quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant's stock worth $1,360,000 after acquiring an additional 111 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DIS has been the subject of a number of recent research reports. UBS Group decreased their price target 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. Guggenheim upped their price objective on Walt Disney from $110.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Loop Capital boosted their target price on Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a report on Friday, November 15th. Wells Fargo & Company increased their price target on Walt Disney from $116.00 to $138.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Finally, Bank of America upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Walt Disney has an average rating of "Moderate Buy" and a consensus target price of $123.83.

Walt Disney Price Performance

DIS traded up $0.35 during midday trading on Monday, reaching $116.00. 9,917,764 shares of the company's stock were exchanged, compared to its average volume of 11,005,228. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The stock has a market capitalization of $210.07 billion, a PE ratio of 42.68, a P/E/G ratio of 2.15 and a beta of 1.40. 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 business's 50-day moving average price is $98.09 and its 200 day moving average price is $96.72.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the firm'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 sale, the executive vice president now directly owns 44,055 shares of the company's stock, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert A. Iger sold 372,412 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the completion of the transaction, the chief executive officer now directly owns 226,767 shares of the company's stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

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.