Avestar Capital LLC Buys 653 Shares of The Walt Disney Company (NYSE:DIS)

Avestar Capital LLC increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 4.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,889 shares of the entertainment giant’s stock after buying an additional 653 shares during the period. Avestar Capital LLC’s holdings in Walt Disney were worth $1,336,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC grew its stake in shares of Walt Disney by 8.7% in the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after acquiring an additional 2,765,389 shares in the last quarter. Horizon Kinetics Asset Management LLC grew its position in shares of Walt Disney by 25.7% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 5,704 shares of the entertainment giant’s stock worth $549,000 after purchasing an additional 1,167 shares in the last quarter. MSA Advisors LLC increased its holdings in shares of Walt Disney by 12.1% during the third quarter. MSA Advisors LLC now owns 101,170 shares of the entertainment giant’s stock worth $9,732,000 after purchasing an additional 10,930 shares during the period. Bedell Frazier Investment Counselling LLC raised its position in shares of Walt Disney by 2.6% in the third quarter. Bedell Frazier Investment Counselling LLC now owns 83,033 shares of the entertainment giant’s stock valued at $7,987,000 after buying an additional 2,094 shares in the last quarter. Finally, Concentric Wealth Management LLC grew 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 buying an additional 996 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DIS. Evercore ISI upped their price objective on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Piper Sandler began coverage on Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price for the company. Barclays decreased their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. 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 report on Friday, November 15th. Finally, Wells Fargo & Company boosted their target price on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Five equities research 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 stock. Based on data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $123.83.

Insider Activity

In related news, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,005,529.10. The trade was a 10.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Walt Disney Trading Down 0.2 %

NYSE:DIS opened at $115.76 on Tuesday. The firm has a market cap of $209.63 billion, a P/E ratio of 42.80, a P/E/G ratio of 2.15 and a beta of 1.40. 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 Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The firm’s fifty day moving average is $98.57 and its 200-day moving average is $96.79.

About Walt Disney

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.