Community Bank N.A. Lowers Position in The Walt Disney Company (NYSE:DIS)

Community Bank N.A. trimmed its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,963 shares of the entertainment giant’s stock after selling 668 shares during the period. Community Bank N.A.’s holdings in Walt Disney were worth $2,209,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Mather Group LLC. lifted its stake in Walt Disney by 74.2% in the second quarter. Mather Group LLC. now owns 22,351 shares of the entertainment giant’s stock worth $2,219,000 after purchasing an additional 9,524 shares during the last quarter. Lynx Investment Advisory purchased a new stake in Walt Disney in the second quarter worth $112,000. Olistico Wealth LLC lifted its position in shares of Walt Disney by 47.4% during the second quarter. Olistico Wealth LLC now owns 2,715 shares of the entertainment giant’s stock worth $270,000 after purchasing an additional 873 shares during the last quarter. Parkside Advisors LLC lifted its position in shares of Walt Disney by 3.2% during the second quarter. Parkside Advisors LLC now owns 4,058 shares of the entertainment giant’s stock worth $403,000 after purchasing an additional 124 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC boosted its stake in shares of Walt Disney by 13.6% during the second quarter. Kingswood Wealth Advisors LLC now owns 17,338 shares of the entertainment giant’s stock valued at $1,722,000 after purchasing an additional 2,077 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC lifted their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Bank of America boosted their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Guggenheim lifted their target price on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft increased their price target on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Sanford C. Bernstein lifted their price objective on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.83.

Insiders Place Their Bets

In related news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. This trade represents a 10.19 % 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 Price Performance

Shares of DIS stock opened at $117.47 on Monday. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week 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. The firm has a market capitalization 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 stock’s 50-day simple moving average is $100.46 and its 200-day simple moving average is $97.17.

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.