Oppenheimer & Co. Inc. trimmed its position in The Walt Disney Company (NYSE:DIS - Free Report) by 31.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,024 shares of the entertainment giant's stock after selling 65,655 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Walt Disney were worth $13,757,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. OLD Second National Bank of Aurora raised its stake in Walt Disney by 0.8% in the third quarter. OLD Second National Bank of Aurora now owns 19,673 shares of the entertainment giant's stock valued at $1,892,000 after purchasing an additional 151 shares in the last quarter. Empower Advisory Group LLC raised its stake in Walt Disney by 4.5% in the third quarter. Empower Advisory Group LLC now owns 1,317,909 shares of the entertainment giant's stock valued at $126,770,000 after purchasing an additional 57,269 shares in the last quarter. RPG Investment Advisory LLC raised its stake in Walt Disney by 3.2% in the third quarter. RPG Investment Advisory LLC now owns 114,088 shares of the entertainment giant's stock valued at $10,974,000 after purchasing an additional 3,545 shares in the last quarter. Missouri Trust & Investment Co raised its stake in Walt Disney by 23.4% in the third quarter. Missouri Trust & Investment Co now owns 12,812 shares of the entertainment giant's stock valued at $1,232,000 after purchasing an additional 2,430 shares in the last quarter. Finally, American Assets Inc. purchased a new stake in Walt Disney in the third quarter valued at approximately $962,000. 65.71% of the stock is owned by hedge funds and other institutional investors.
Walt Disney Stock Up 1.7 %
Walt Disney stock traded up $1.68 on Wednesday, hitting $102.67. 17,637,057 shares of the stock traded hands, compared to its average volume of 10,743,740. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The firm has a market cap of $186.20 billion, a P/E ratio of 39.51, a price-to-earnings-growth ratio of 1.64 and a beta of 1.40. The business's fifty day simple moving average is $94.35 and its 200 day simple moving average is $96.65. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74.
Analysts Set New Price Targets
A number of brokerages have commented on DIS. Raymond James reiterated a "market perform" rating on shares of Walt Disney in a research report on Tuesday, October 1st. Macquarie reduced their price target on shares of Walt Disney from $94.00 to $91.00 and set a "neutral" rating on the stock in a research report on Thursday, September 19th. Evercore ISI increased their price target on shares of Walt Disney from $105.00 to $128.00 and gave the company an "outperform" rating in a research report on Tuesday. Wells Fargo & Company reduced their price target on shares of Walt Disney from $136.00 to $116.00 and set an "overweight" rating on the stock in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Walt Disney from $135.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $119.14.
Check Out Our Latest Report on Walt Disney
About Walt Disney
(
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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