The Walt Disney Company (NYSE:DIS) Shares Sold by Cheviot Value Management LLC

Cheviot Value Management LLC cut its position in The Walt Disney Company (NYSE:DIS) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,064 shares of the entertainment giant’s stock after selling 517 shares during the period. Cheviot Value Management LLC’s holdings in Walt Disney were worth $968,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cladis Investment Advisory LLC increased its holdings in Walt Disney by 8.0% in the third quarter. Cladis Investment Advisory LLC now owns 18,234 shares of the entertainment giant’s stock valued at $1,754,000 after buying an additional 1,345 shares during the last quarter. Coastwise Capital Group LLC lifted its holdings in Walt Disney by 17.3% during the 3rd quarter. Coastwise Capital Group LLC now owns 6,852 shares of the entertainment giant’s stock worth $659,000 after buying an additional 1,009 shares during the last quarter. Benjamin Edwards Inc. boosted its position in shares of Walt Disney by 139,052.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 29,222 shares of the entertainment giant’s stock worth $2,811,000 after acquiring an additional 29,201 shares in the last quarter. Atom Investors LP purchased a new position in shares of Walt Disney in the 3rd quarter valued at about $352,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of Walt Disney during the 3rd quarter worth about $255,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Down 0.1 %

Shares of NYSE:DIS opened at $117.47 on Monday. The company has a market cap of $212.73 billion, a price-to-earnings ratio of 43.35, a PEG ratio of 2.18 and a beta of 1.40. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The firm’s 50-day simple moving average is $100.46 and its 200-day simple moving average is $97.17. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DIS. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Raymond James restated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Bank of America lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Needham & Company LLC raised their price objective on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. 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.