The Walt Disney Company (NYSE:DIS) Holdings Raised by Cerity Partners LLC

Cerity Partners LLC grew its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 27.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,026,383 shares of the entertainment giant's stock after acquiring an additional 219,965 shares during the quarter. Cerity Partners LLC owned about 0.06% of Walt Disney worth $98,728,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. William B. Walkup & Associates Inc. purchased a new stake in shares of Walt Disney during the second quarter worth about $32,000. Mascoma Wealth Management LLC lifted its stake in shares of Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant's stock worth $44,000 after purchasing an additional 122 shares during the period. First PREMIER Bank boosted its holdings in shares of Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant's stock worth $50,000 after purchasing an additional 256 shares during the last quarter. Iron Horse Wealth Management LLC boosted its holdings in shares of Walt Disney by 148.7% during the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant's stock worth $55,000 after purchasing an additional 333 shares during the last quarter. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Walt Disney in the third quarter valued at $57,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their target price on Walt Disney from $115.00 to $131.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Evercore ISI raised their target price on shares of Walt Disney from $128.00 to $134.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Piper Sandler began coverage on shares of Walt Disney in a report on Wednesday, October 16th. They issued a "neutral" rating and a $95.00 target price for the company. Needham & Company LLC increased their price target on shares of Walt Disney from $110.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Finally, TD Cowen boosted their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the company a "hold" rating in a research note on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $123.83.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 5,000 shares of the firm'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 transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the company's 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 completion of the sale, the chief executive officer now directly 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. 0.10% of the stock is currently owned by company insiders.

Walt Disney Stock Up 0.8 %

Shares of DIS traded up $0.93 during mid-day trading on Friday, reaching $115.65. 10,098,038 shares of the stock traded hands, compared to its average volume of 12,343,244. The firm has a market cap of $209.44 billion, a price-to-earnings ratio of 42.68, a P/E/G ratio of 2.13 and a beta of 1.40. The stock has a fifty day simple moving average of $98.09 and a 200 day simple moving average of $96.78. 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 12-month low of $83.91 and a 12-month high of $123.74.

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.