The Walt Disney Company (NYSE:DIS) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 17.0% during the third quarter, HoldingsChannel.com reports. The firm owned 271,299 shares of the entertainment giant’s stock after selling 55,572 shares during the period. D.A. Davidson & CO.’s holdings in Walt Disney were worth $26,096,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Swedbank AB purchased a new stake in shares of Walt Disney during the 1st quarter worth approximately $493,715,000. Farallon Capital Management LLC acquired a new position in Walt Disney during the second quarter worth $355,673,000. International Assets Investment Management LLC boosted its position in Walt Disney by 12,574.4% during the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock worth $329,585,000 after purchasing an additional 3,399,359 shares in the last quarter. FMR LLC grew its holdings in 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 purchasing an additional 2,765,389 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in Walt Disney by 114.4% in the third quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant’s stock valued at $414,582,000 after purchasing an additional 2,298,921 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Walt Disney stock opened at $116.00 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The company has a market cap of $210.07 billion, a price-to-earnings ratio of 42.80, a price-to-earnings-growth ratio of 2.15 and a beta of 1.40. The stock’s 50-day moving average is $98.57 and its 200-day moving average is $96.79.

Insider Activity at Walt Disney

In related news, 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 transaction 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 approximately $5,005,529.10. This represents a 10.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 226,767 shares in the company, valued at $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 currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Bank of America upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Loop Capital raised their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft boosted their price target on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Wells Fargo & Company upped their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Walt Disney 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.