The Walt Disney Company (NYSE:DIS) Shares Sold by Bell Investment Advisors Inc

Bell Investment Advisors Inc lowered its position in The Walt Disney Company (NYSE:DIS) by 62.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 374 shares of the entertainment giant’s stock after selling 617 shares during the period. Bell Investment Advisors Inc’s holdings in Walt Disney were worth $36,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DIS. William B. Walkup & Associates Inc. purchased a new stake in Walt Disney during the 2nd quarter valued at about $32,000. Mascoma Wealth Management LLC grew its position 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 valued at $44,000 after purchasing an additional 122 shares in the last quarter. 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 valued at $50,000 after purchasing an additional 256 shares during the last quarter. Iron Horse Wealth Management LLC lifted its position in Walt Disney by 148.7% during the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after buying an additional 333 shares in the last quarter. Finally, Livelsberger Financial Advisory acquired a new position in Walt Disney during the third quarter worth $57,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Up 0.8 %

Shares of Walt Disney stock traded up $0.94 during trading hours on Wednesday, reaching $116.39. 916,958 shares of the company were exchanged, compared to its average volume of 10,943,809. The firm has a market cap of $210.78 billion, a PE ratio of 42.60, a PEG ratio of 2.16 and a beta of 1.40. The stock’s fifty day moving average is $99.03 and its 200 day moving average is $96.86. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares in the company, 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 at this link. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction 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 directly owns 226,767 shares of the company’s stock, valued at approximately $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 owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on DIS shares. Loop Capital boosted their target price on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, November 15th. Barclays lowered their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Macquarie lifted their target price on Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Bank of America upped 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. Finally, Guggenheim raised their price objective on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.83.

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.