Pacer Advisors Inc. Buys 4,842 Shares of The Walt Disney Company (NYSE:DIS)

Pacer Advisors Inc. raised its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 134,529 shares of the entertainment giant's stock after purchasing an additional 4,842 shares during the period. Pacer Advisors Inc.'s holdings in Walt Disney were worth $12,940,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its position in shares of Walt Disney by 10.8% during 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 in the last quarter. Legal & General Group Plc boosted its holdings in Walt Disney by 3.1% in the second quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant's stock worth $1,417,958,000 after acquiring an additional 425,438 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Walt Disney by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant's stock valued at $1,473,252,000 after acquiring an additional 293,482 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Walt Disney by 1.0% during the second quarter. Ameriprise Financial Inc. now owns 9,953,903 shares of the entertainment giant's stock valued at $988,290,000 after acquiring an additional 102,210 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Walt Disney by 17.0% during the second quarter. Dimensional Fund Advisors LP now owns 7,197,458 shares of the entertainment giant's stock worth $714,806,000 after purchasing an additional 1,047,560 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The shares were 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 directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 226,767 shares in the company, 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. Corporate insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on DIS. Piper Sandler began coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They issued a "neutral" rating and a $95.00 price target for the company. JPMorgan Chase & Co. decreased their target price on shares of Walt Disney from $135.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Walt Disney from $115.00 to $131.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Morgan Stanley boosted their price objective on Walt Disney from $110.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Finally, UBS Group cut their target price on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Five equities research 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.83.

Walt Disney Price Performance

Shares of NYSE DIS traded up $0.93 during mid-day trading on Friday, reaching $115.65. 10,098,038 shares of the company were exchanged, compared to its average volume of 12,343,244. The stock has a market capitalization of $209.44 billion, a PE ratio of 42.68, a PEG ratio of 2.13 and a beta of 1.40. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company's 50 day moving average price is $98.09 and its 200 day moving average price is $96.84.

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.