Independent Investors Inc. Has $4.35 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Independent Investors Inc. lessened its holdings in The Walt Disney Company (NYSE:DIS) by 0.7% during the third quarter, HoldingsChannel reports. The firm owned 45,264 shares of the entertainment giant’s stock after selling 300 shares during the quarter. Walt Disney accounts for 0.9% of Independent Investors Inc.’s holdings, making the stock its 19th largest position. Independent Investors Inc.’s holdings in Walt Disney were worth $4,354,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Walt Disney by 84.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock valued at $244,754,000 after acquiring an additional 916,772 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of Walt Disney in the first quarter valued at approximately $1,490,492,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Walt Disney by 4.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock valued at $68,113,000 after buying an additional 22,568 shares during the last quarter. Nordea Investment Management AB boosted its position in Walt Disney by 555.9% during the 1st quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock worth $117,599,000 after buying an additional 810,923 shares during the period. Finally, PGGM Investments bought a new stake in Walt Disney during the 1st quarter worth approximately $1,036,000. Institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Stock Performance

Shares of Walt Disney stock traded up $0.76 on Monday, reaching $95.79. 2,001,126 shares of the company traded hands, compared to its average volume of 10,821,882. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a market capitalization of $174.63 billion, a PE ratio of 103.29, a PEG ratio of 1.49 and a beta of 1.40. The company has a 50 day moving average of $92.61 and a 200 day moving average of $97.99. The Walt Disney Company has a 52 week low of $79.53 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. The firm had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. Equities analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current year.

Analysts Set New Price Targets

DIS has been the subject of a number of recent research reports. Needham & Company LLC restated a “buy” rating and issued a $110.00 price objective on shares of Walt Disney in a report on Wednesday, October 23rd. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Macquarie dropped their target price on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, September 19th. Wells Fargo & Company dropped their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Piper Sandler assumed coverage on Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $118.05.

Walt Disney Company 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.