The Walt Disney Company (NYSE:DIS) Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its stake in The Walt Disney Company (NYSE:DIS) by 13.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,763 shares of the entertainment giant’s stock after purchasing an additional 9,200 shares during the period. Public Sector Pension Investment Board’s holdings in Walt Disney were worth $7,480,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DIS. Farallon Capital Management LLC acquired a new position in Walt Disney during the second quarter worth $355,673,000. International Assets Investment Management LLC grew its holdings in Walt Disney by 12,574.4% during the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock worth $329,585,000 after acquiring an additional 3,399,359 shares during the period. FMR LLC grew its holdings in Walt Disney by 8.7% during the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock worth $3,310,539,000 after acquiring an additional 2,765,389 shares during the period. Van ECK Associates Corp grew its holdings in Walt Disney by 114.4% during the third quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant’s stock worth $414,582,000 after acquiring an additional 2,298,921 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Walt Disney by 10.8% during the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after acquiring an additional 1,449,730 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DIS. Morgan Stanley upped their price objective on Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. JPMorgan Chase & Co. dropped their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Barclays lowered their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Macquarie upped their target price on Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $123.83.

Walt Disney Stock Performance

NYSE DIS opened at $117.47 on Friday. The business’s 50-day moving average price is $100.46 and its 200 day moving average price is $97.23. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company has a market capitalization of $212.73 billion, a PE ratio of 43.35, a price-to-earnings-growth ratio of 2.19 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.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 5,000 shares of the 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 directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the 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. This trade represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company 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.