Centaurus Financial Inc. Sells 1,058 Shares of The Walt Disney Company (NYSE:DIS)

Centaurus Financial Inc. decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 3.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,621 shares of the entertainment giant’s stock after selling 1,058 shares during the quarter. Centaurus Financial Inc.’s holdings in Walt Disney were worth $2,657,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Swedbank AB bought a new stake in shares of Walt Disney in the first quarter worth approximately $493,715,000. Farallon Capital Management LLC bought a new stake in Walt Disney in the 2nd quarter worth approximately $355,673,000. International Assets Investment Management LLC raised its stake in Walt Disney by 12,574.4% during the 3rd quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock valued at $329,585,000 after buying an additional 3,399,359 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Walt Disney by 114.4% during the 3rd quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant’s stock valued at $414,582,000 after buying an additional 2,298,921 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of Walt Disney by 663.0% in the 1st quarter. Janus Henderson Group PLC now owns 1,897,850 shares of the entertainment giant’s stock worth $232,217,000 after buying an additional 1,649,115 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DIS. Morgan Stanley increased their target price on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Wells Fargo & Company increased their price objective on shares of 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 target price 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 lifted their price target 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. Finally, Loop Capital upped their price objective on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Five investment 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, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $123.83.

Insider Buying and Selling at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 trade represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

DIS stock opened at $115.65 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The company has a market capitalization of $209.44 billion, a PE ratio of 42.68, a price-to-earnings-growth ratio of 2.13 and a beta of 1.40. The company’s fifty day moving average price is $98.09 and its 200-day moving average price is $96.72. The Walt Disney Company has a one year low of $83.91 and a one year 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.