LJI Wealth Management LLC Decreases Holdings in The Walt Disney Company (NYSE:DIS)

LJI Wealth Management LLC lowered its position in The Walt Disney Company (NYSE:DIS) by 19.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,926 shares of the entertainment giant’s stock after selling 2,399 shares during the period. LJI Wealth Management LLC’s holdings in Walt Disney were worth $955,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. ESL Trust Services LLC purchased a new stake in shares of Walt Disney in the 1st quarter valued at $31,000. William B. Walkup & Associates Inc. bought a new position in shares of Walt Disney during the second quarter valued at about $32,000. Mascoma Wealth Management LLC increased its holdings in shares of Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after buying an additional 122 shares during the period. First PREMIER Bank increased its holdings in shares of Walt Disney by 98.1% in the third 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 period. Finally, Iron Horse Wealth Management LLC lifted its stake in shares of Walt Disney by 148.7% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after acquiring an additional 333 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on DIS shares. Piper Sandler assumed coverage on Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target on the stock. TD Cowen lifted their target price on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday. Evercore ISI increased their price target on shares of Walt Disney from $105.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday. Morgan Stanley boosted their price objective on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Sanford C. Bernstein upped their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday. Five equities research 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $123.57.

Walt Disney Stock Up 5.5 %

Shares of DIS stock traded up $5.96 during mid-day trading on Friday, reaching $115.08. 32,048,032 shares of the company’s stock traded hands, compared to its average volume of 11,005,124. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average price is $95.57 and its 200-day moving average price is $96.79. The company has a market cap of $208.71 billion, a P/E ratio of 44.25, a P/E/G ratio of 1.67 and a beta of 1.40. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74.

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.