Regal Partners Ltd Sells 106,753 Shares of The Walt Disney Company (NYSE:DIS)

Regal Partners Ltd decreased its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 34.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 206,889 shares of the entertainment giant's stock after selling 106,753 shares during the period. Walt Disney makes up 1.8% of Regal Partners Ltd's portfolio, making the stock its 18th biggest holding. Regal Partners Ltd's holdings in Walt Disney were worth $19,901,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. ESL Trust Services LLC acquired a new position in shares of Walt Disney in the first quarter worth about $31,000. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney in the second quarter worth about $32,000. Mascoma Wealth Management LLC boosted 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 worth $44,000 after buying an additional 122 shares during the period. First PREMIER Bank boosted its holdings in shares of 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 buying an additional 256 shares during the period. Finally, Iron Horse Wealth Management LLC boosted its holdings in shares of Walt Disney by 148.7% in the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant's stock worth $55,000 after buying an additional 333 shares during the period. Institutional investors own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent analyst reports. Bank of America decreased their target price on shares of Walt Disney from $145.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Macquarie decreased their price target on shares of Walt Disney from $94.00 to $91.00 and set a "neutral" rating for the company in a report on Thursday, September 19th. Evercore ISI raised their price target on shares of Walt Disney from $105.00 to $128.00 and gave the stock an "outperform" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Walt Disney from $130.00 to $115.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Finally, Wells Fargo & Company decreased their price target on shares of Walt Disney from $136.00 to $116.00 and set an "overweight" rating for the company in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $119.14.

Walt Disney Stock Performance

Shares of NYSE:DIS traded up $6.41 during trading on Thursday, reaching $109.13. The stock had a trading volume of 47,404,030 shares, compared to its average volume of 10,909,835. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The firm has a market capitalization of $197.92 billion, a price-to-earnings ratio of 43.52, a P/E/G ratio of 1.64 and a beta of 1.40. 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 stock has a fifty day simple moving average of $94.62 and a two-hundred day simple moving average of $96.69.

Walt Disney 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.