Townsquare Capital LLC Buys 32,584 Shares of The Walt Disney Company (NYSE:DIS)

Townsquare Capital LLC lifted its stake in The Walt Disney Company (NYSE:DIS) by 20.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 192,719 shares of the entertainment giant’s stock after purchasing an additional 32,584 shares during the period. Townsquare Capital LLC’s holdings in Walt Disney were worth $18,538,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Baldwin Investment Management LLC boosted its position in shares of Walt Disney by 12.3% in the 3rd quarter. Baldwin Investment Management LLC now owns 8,666 shares of the entertainment giant’s stock worth $834,000 after purchasing an additional 948 shares during the last quarter. Shum Financial Group Inc. bought a new position in Walt Disney during the third quarter worth about $714,000. J. Stern & Co. LLP lifted its holdings in Walt Disney by 3.3% during the third quarter. J. Stern & Co. LLP now owns 320,051 shares of the entertainment giant’s stock worth $30,786,000 after acquiring an additional 10,095 shares in the last quarter. Avestar Capital LLC lifted its holdings in Walt Disney by 4.9% during the third quarter. Avestar Capital LLC now owns 13,889 shares of the entertainment giant’s stock worth $1,336,000 after acquiring an additional 653 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Walt Disney by 8.7% in the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after purchasing an additional 2,765,389 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Insider Activity

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction dated 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 transaction, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction dated 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 owns 44,055 shares in the company, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 0.5 %

DIS stock opened at $115.46 on Wednesday. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The business has a 50-day simple moving average of $99.03 and a 200 day simple moving average of $96.86. 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 company has a market cap of $209.08 billion, a PE ratio of 42.60, a price-to-earnings-growth ratio of 2.16 and a beta of 1.40.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Bank of America lifted their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. lowered their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Needham & Company LLC lifted their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Barclays reduced their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.83.

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.