Waddell & Associates LLC Grows Holdings in The Walt Disney Company (NYSE:DIS)

Waddell & Associates LLC increased its stake in The Walt Disney Company (NYSE:DIS) by 8.3% in the third quarter, Holdings Channel reports. The institutional investor owned 3,457 shares of the entertainment giant’s stock after acquiring an additional 265 shares during the quarter. Waddell & Associates LLC’s holdings in Walt Disney were worth $332,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. acquired a new stake in shares of Walt Disney in the 2nd quarter valued at about $32,000. Mascoma Wealth Management LLC increased its holdings in Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 122 shares during the last quarter. First PREMIER Bank lifted its holdings in Walt Disney by 98.1% during the 3rd 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 last quarter. Iron Horse Wealth Management LLC lifted its holdings in Walt Disney by 148.7% during the 2nd 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 last quarter. Finally, Livelsberger Financial Advisory acquired a new position in shares of Walt Disney in the 3rd quarter worth approximately $57,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $115.66 on Friday. The stock has a market cap of $209.45 billion, a price-to-earnings ratio of 42.68, a PEG ratio of 2.13 and a beta of 1.40. 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 12 month low of $83.91 and a 12 month high of $123.74. The stock’s 50 day moving average price is $98.09 and its 200 day moving average price is $96.84.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company raised their price objective on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Macquarie boosted their price objective on shares of Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Sanford C. Bernstein increased their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Piper Sandler began coverage on Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price for the company. Finally, Raymond James reissued a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $123.83.

Insider Activity

In related news, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction that occurred 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 approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at $5,005,529.10. This represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

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.