Commerzbank Aktiengesellschaft FI Has $74.61 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Commerzbank Aktiengesellschaft FI reduced its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 0.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 775,653 shares of the entertainment giant's stock after selling 5,185 shares during the period. Walt Disney comprises approximately 2.0% of Commerzbank Aktiengesellschaft FI's portfolio, making the stock its 17th biggest position. Commerzbank Aktiengesellschaft FI's holdings in Walt Disney were worth $74,610,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Walt Disney by 1.5% during the first quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant's stock worth $18,815,185,000 after acquiring an additional 2,325,582 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Walt Disney by 10.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant's stock worth $1,477,831,000 after purchasing an additional 1,449,730 shares during the period. Legal & General Group Plc raised its holdings in Walt Disney by 3.1% during the 2nd quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant's stock valued at $1,417,958,000 after buying an additional 425,438 shares during the last quarter. Jennison Associates LLC purchased a new stake in shares of Walt Disney during the first quarter worth about $1,490,492,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Walt Disney by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant's stock worth $1,473,252,000 after buying an additional 293,482 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

NYSE DIS traded down $0.50 during mid-day trading on Wednesday, hitting $96.24. The stock had a trading volume of 5,370,519 shares, compared to its average volume of 10,913,613. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The company has a 50 day simple moving average of $92.36 and a 200 day simple moving average of $98.44. The Walt Disney Company has a 52-week low of $79.23 and a 52-week high of $123.74. The company has a market cap of $175.45 billion, a price-to-earnings ratio of 104.61, a P/E/G ratio of 1.49 and a beta of 1.40.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. The company had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm's revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 earnings per share. Equities analysts forecast that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on DIS shares. Raymond James restated a "market perform" rating on shares of Walt Disney in a report on Tuesday, October 1st. Bank of America decreased their price target on Walt Disney from $145.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Macquarie dropped their target price on shares of Walt Disney from $94.00 to $91.00 and set a "neutral" rating on the stock in a report on Thursday, September 19th. Piper Sandler began coverage on Walt Disney in a research note on Wednesday, October 16th. They set a "neutral" rating and a $95.00 price target for the company. Finally, Barclays reduced their price objective on Walt Disney from $130.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $118.05.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the firm's stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now directly owns 22,313 shares of the company's stock, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.10% of the company's stock.

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.