J. Stern & Co. LLP Grows Holdings in The Walt Disney Company (NYSE:DIS)

J. Stern & Co. LLP lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 320,051 shares of the entertainment giant’s stock after acquiring an additional 10,095 shares during the quarter. Walt Disney accounts for approximately 3.3% of J. Stern & Co. LLP’s investment portfolio, making the stock its 17th biggest holding. J. Stern & Co. LLP’s holdings in Walt Disney were worth $30,786,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of DIS. Smithfield Trust Co grew its holdings in Walt Disney by 0.5% in the third quarter. Smithfield Trust Co now owns 18,869 shares of the entertainment giant’s stock valued at $1,809,000 after purchasing an additional 102 shares during the period. Connable Office Inc. raised its position in Walt Disney by 0.3% during the third quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant’s stock worth $3,371,000 after acquiring an additional 108 shares during the period. ADE LLC lifted its holdings in Walt Disney by 4.6% during the second quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock valued at $249,000 after purchasing an additional 110 shares in the last quarter. Cozad Asset Management Inc. lifted its stake in Walt Disney by 1.9% in the 3rd quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock valued at $579,000 after buying an additional 110 shares in the last quarter. Finally, Absher Wealth Management LLC boosted its holdings in Walt Disney by 0.8% in the 3rd quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant’s stock worth $1,360,000 after buying an additional 111 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on DIS shares. Guggenheim increased their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Evercore ISI increased their target price on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Barclays lowered their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Sanford C. Bernstein increased their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.83.

Insiders Place Their Bets

In other news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Walt Disney Trading Down 0.0 %

Walt Disney stock traded down $0.04 during midday trading on Tuesday, reaching $115.96. 831,812 shares of the stock traded hands, compared to its average volume of 10,962,148. The firm has a market cap of $210.00 billion, a PE ratio of 42.80, a price-to-earnings-growth ratio of 2.15 and a beta of 1.40. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The company has a 50-day simple moving average of $98.57 and a two-hundred day simple moving average of $96.79. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74.

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.