Boston Family Office LLC Cuts Position in The Walt Disney Company (NYSE:DIS)

Boston Family Office LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 85,830 shares of the entertainment giant’s stock after selling 2,024 shares during the period. Boston Family Office LLC’s holdings in Walt Disney were worth $8,256,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. MSA Advisors LLC boosted its stake in shares of Walt Disney by 12.1% during the 3rd quarter. MSA Advisors LLC now owns 101,170 shares of the entertainment giant’s stock worth $9,732,000 after acquiring an additional 10,930 shares in the last quarter. Bedell Frazier Investment Counselling LLC boosted its position in Walt Disney by 2.6% during the third quarter. Bedell Frazier Investment Counselling LLC now owns 83,033 shares of the entertainment giant’s stock worth $7,987,000 after purchasing an additional 2,094 shares in the last quarter. Concentric Wealth Management LLC boosted its position in Walt Disney by 3.2% during the third quarter. Concentric Wealth Management LLC now owns 31,981 shares of the entertainment giant’s stock worth $3,076,000 after purchasing an additional 996 shares in the last quarter. Prosperity Financial Group Inc. increased its position in shares of Walt Disney by 7.0% in the third quarter. Prosperity Financial Group Inc. now owns 5,792 shares of the entertainment giant’s stock valued at $557,000 after buying an additional 378 shares in the last quarter. Finally, Bank of Hawaii raised its stake in shares of Walt Disney by 2.6% during the 3rd quarter. Bank of Hawaii now owns 12,915 shares of the entertainment giant’s stock worth $1,242,000 after buying an additional 327 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of NYSE DIS opened at $115.65 on Monday. The business has a 50 day moving average price of $98.09 and a two-hundred day moving average price of $96.72. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The firm has a market cap of $209.44 billion, a PE ratio of 42.68, a price-to-earnings-growth ratio of 2.15 and a beta of 1.40. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DIS shares. Sanford C. Bernstein increased 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, November 15th. Loop Capital increased their price target on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Bank of America lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Macquarie increased 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. Finally, Needham & Company LLC lifted 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 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. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $123.83.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 5,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

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.