The Walt Disney Company (NYSE:DIS) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 39.2% during the third quarter, Holdings Channel reports. The fund owned 16,032 shares of the entertainment giant’s stock after selling 10,341 shares during the period. Summit Trail Advisors LLC’s holdings in Walt Disney were worth $1,542,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. SevenBridge Financial Group LLC grew its holdings in shares of Walt Disney by 9.0% during the third quarter. SevenBridge Financial Group LLC now owns 36,712 shares of the entertainment giant’s stock worth $3,703,000 after purchasing an additional 3,024 shares during the last quarter. Larson Financial Group LLC lifted its position in Walt Disney by 36.0% in the third quarter. Larson Financial Group LLC now owns 14,796 shares of the entertainment giant’s stock valued at $1,423,000 after purchasing an additional 3,914 shares during the period. Managed Asset Portfolios LLC lifted its position in Walt Disney by 77.8% in the third quarter. Managed Asset Portfolios LLC now owns 111,571 shares of the entertainment giant’s stock valued at $10,732,000 after purchasing an additional 48,836 shares during the period. Okabena Investment Services Inc. lifted its position in Walt Disney by 25.2% in the third quarter. Okabena Investment Services Inc. now owns 10,756 shares of the entertainment giant’s stock valued at $1,035,000 after purchasing an additional 2,163 shares during the period. Finally, Pitcairn Co. lifted its position in Walt Disney by 2.4% in the third quarter. Pitcairn Co. now owns 61,206 shares of the entertainment giant’s stock valued at $5,887,000 after purchasing an additional 1,412 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 0.8 %

Shares of DIS stock opened at $115.65 on Monday. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The firm has a market cap of $209.44 billion, a PE ratio of 42.68, a price-to-earnings-growth ratio of 2.13 and a beta of 1.40. The stock has a 50 day moving average of $98.09 and a 200-day moving average of $96.72.

Analysts Set New Price Targets

Several brokerages have recently commented on DIS. Guggenheim boosted their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Piper Sandler assumed coverage on Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target on the stock. Morgan Stanley upped their target price on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. UBS Group cut their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Loop Capital boosted their price target on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $123.83.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 5,000 shares of the company’s 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 completion of the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $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.

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.