Loomis Sayles & Co. L P Trims Holdings in The Walt Disney Company (NYSE:DIS)

Loomis Sayles & Co. L P cut its stake in The Walt Disney Company (NYSE:DIS) by 2.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 14,799,073 shares of the entertainment giant’s stock after selling 434,367 shares during the period. Walt Disney comprises 1.9% of Loomis Sayles & Co. L P’s portfolio, making the stock its 14th largest position. Loomis Sayles & Co. L P’s holdings in Walt Disney were worth $1,423,523,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in DIS. Quent Capital LLC increased its stake in Walt Disney by 4.4% during the first quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock valued at $950,000 after purchasing an additional 327 shares during the last quarter. Waverly Advisors LLC lifted its holdings in Walt Disney by 51.3% in the first quarter. Waverly Advisors LLC now owns 24,680 shares of the entertainment giant’s stock worth $3,020,000 after acquiring an additional 8,366 shares during the last quarter. Kennedy Capital Management LLC acquired a new position in Walt Disney in the first quarter valued at approximately $5,903,000. Janus Henderson Group PLC grew its holdings in shares of Walt Disney by 663.0% during the first quarter. Janus Henderson Group PLC now owns 1,897,850 shares of the entertainment giant’s stock valued at $232,217,000 after purchasing an additional 1,649,115 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. grew its holdings in shares of Walt Disney by 3.8% during the first quarter. Industrial Alliance Investment Management Inc. now owns 8,714 shares of the entertainment giant’s stock valued at $1,066,000 after purchasing an additional 322 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of analyst reports. UBS Group reduced their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Piper Sandler began coverage on shares of Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Macquarie increased their price objective on shares of Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. JPMorgan Chase & Co. decreased their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Five 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.83.

Insider Buying and Selling at Walt Disney

In other Walt Disney 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 transaction of $568,100.00. Following the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,005,529.10. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $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. Insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 0.8 %

NYSE:DIS opened at $115.65 on Monday. The stock has a fifty day simple moving average of $98.09 and a 200 day simple moving average of $96.72. The firm has a market capitalization of $209.44 billion, a price-to-earnings ratio of 42.68, a price-to-earnings-growth ratio of 2.15 and a beta of 1.40. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37.

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.