William Allan Corp Lowers Stock Position in The Walt Disney Company (NYSE:DIS)

William Allan Corp lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.2% during the third quarter, Holdings Channel.com reports. The firm owned 32,496 shares of the entertainment giant’s stock after selling 741 shares during the quarter. Walt Disney makes up about 1.9% of William Allan Corp’s investment portfolio, making the stock its 24th biggest position. William Allan Corp’s holdings in Walt Disney were worth $3,126,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Quent Capital LLC lifted its holdings in shares of Walt Disney by 4.4% during the 1st quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock valued at $950,000 after purchasing an additional 327 shares during the last quarter. PGGM Investments acquired a new position in shares of Walt Disney during the first quarter valued at about $1,036,000. Cetera Investment Advisers raised its holdings in shares of Walt Disney by 202.7% in the first quarter. Cetera Investment Advisers now owns 533,861 shares of the entertainment giant’s stock worth $65,323,000 after buying an additional 357,498 shares during the last quarter. Cetera Advisor Networks LLC lifted its position in Walt Disney by 2.1% during the 1st quarter. Cetera Advisor Networks LLC now owns 262,733 shares of the entertainment giant’s stock worth $32,148,000 after acquiring an additional 5,370 shares during the period. Finally, Soltis Investment Advisors LLC lifted its holdings in shares of Walt Disney by 7.3% during the first quarter. Soltis Investment Advisors LLC now owns 7,235 shares of the entertainment giant’s stock worth $885,000 after purchasing an additional 494 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 1.9 %

Shares of NYSE:DIS opened at $117.60 on Friday. The stock has a market capitalization of $212.97 billion, a P/E ratio of 43.39, a PEG ratio of 2.19 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 1 year low of $83.91 and a 1 year high of $123.74. The stock has a 50-day simple moving average of $99.99 and a 200-day simple moving average of $97.15.

Insider Transactions 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 value of $568,100.00. Following the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were 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 in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DIS shares. Piper Sandler started coverage on Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target on the stock. Barclays decreased their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Macquarie upped their price target on Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. reduced their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $123.83.

Walt Disney 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.