Commerce Bank Decreases Stake in The Walt Disney Company (NYSE:DIS)

Commerce Bank reduced its position in The Walt Disney Company (NYSE:DIS) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 217,526 shares of the entertainment giant’s stock after selling 3,156 shares during the period. Commerce Bank’s holdings in Walt Disney were worth $20,924,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DIS. Prospera Private Wealth LLC bought a new position in shares of Walt Disney during the third quarter worth about $101,000. Avior Wealth Management LLC lifted its position in shares of Walt Disney by 6.5% during the third quarter. Avior Wealth Management LLC now owns 52,623 shares of the entertainment giant’s stock worth $5,052,000 after purchasing an additional 3,209 shares during the last quarter. West Family Investments Inc. lifted its position in shares of Walt Disney by 21.1% during the third quarter. West Family Investments Inc. now owns 5,678 shares of the entertainment giant’s stock worth $546,000 after purchasing an additional 988 shares during the last quarter. Second Half Financial Partners LLC acquired a new stake in Walt Disney during the third quarter worth about $336,000. Finally, Aberdeen Wealth Management LLC raised its stake in Walt Disney by 3.2% during the third quarter. Aberdeen Wealth Management LLC now owns 7,880 shares of the entertainment giant’s stock worth $758,000 after acquiring an additional 241 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on DIS. Piper Sandler began coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective on the stock. Wells Fargo & Company increased their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. lowered their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC raised their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Sanford C. Bernstein raised their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. Five research 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $123.83.

Walt Disney Stock Performance

Shares of DIS opened at $114.27 on Thursday. 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 twelve month low of $83.91 and a twelve month high of $123.74. The firm’s 50 day moving average price is $97.07 and its two-hundred day moving average price is $96.72. The firm has a market cap of $206.94 billion, a P/E ratio of 42.17, a PEG ratio of 1.85 and a beta of 1.40.

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.