Summit Trail Advisors LLC Trims Holdings in The Walt Disney Company (NYSE:DIS)

Summit Trail Advisors LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 39.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,032 shares of the entertainment giant's stock after selling 10,341 shares during the quarter. Summit Trail Advisors LLC's holdings in Walt Disney were worth $1,542,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. SevenBridge Financial Group LLC boosted its stake in shares of Walt Disney by 9.0% in the 3rd quarter. SevenBridge Financial Group LLC now owns 36,712 shares of the entertainment giant's stock valued at $3,703,000 after purchasing an additional 3,024 shares during the last quarter. Larson Financial Group LLC boosted its position in Walt Disney by 36.0% during the third quarter. Larson Financial Group LLC now owns 14,796 shares of the entertainment giant's stock valued at $1,423,000 after acquiring an additional 3,914 shares during the last quarter. Managed Asset Portfolios LLC grew its holdings in Walt Disney by 77.8% during the 3rd quarter. Managed Asset Portfolios LLC now owns 111,571 shares of the entertainment giant's stock worth $10,732,000 after acquiring an additional 48,836 shares during the period. Okabena Investment Services Inc. grew its holdings in Walt Disney by 25.2% during the 3rd quarter. Okabena Investment Services Inc. now owns 10,756 shares of the entertainment giant's stock worth $1,035,000 after acquiring an additional 2,163 shares during the period. Finally, Pitcairn Co. raised its position in shares of Walt Disney by 2.4% in the 3rd quarter. Pitcairn Co. now owns 61,206 shares of the entertainment giant's stock worth $5,887,000 after acquiring an additional 1,412 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction dated Wednesday, November 20th. The stock was 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 owns 44,055 shares of the company's stock, valued at approximately $5,005,529.10. This trade represents 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 business's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the sale, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Walt Disney Stock Performance

Shares of NYSE DIS traded up $0.35 during mid-day trading on Monday, reaching $116.00. 10,383,029 shares of the company's stock were exchanged, compared to its average volume of 11,007,269. The firm has a market capitalization of $210.07 billion, a price-to-earnings ratio of 42.80, a price-to-earnings-growth ratio of 2.15 and a beta of 1.40. The firm has a 50-day moving average price of $98.57 and a two-hundred day moving average price of $96.79. 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 Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74.

Analyst Ratings Changes

Several research firms recently commented on DIS. Piper Sandler assumed coverage on Walt Disney in a research note on Wednesday, October 16th. They set a "neutral" rating and a $95.00 target price for the company. Bank of America boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Morgan Stanley lifted their price target on shares of Walt Disney from $110.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Loop Capital raised their target price on Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Finally, Raymond James reissued a "market perform" rating on shares of Walt Disney in a research note on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $123.83.

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.