Glassy Mountain Advisors Inc. boosted its position in The Walt Disney Company (NYSE:DIS – Free Report) by 11.2% during the third quarter, Holdings Channel.com reports. The fund owned 32,787 shares of the entertainment giant’s stock after acquiring an additional 3,294 shares during the period. Glassy Mountain Advisors Inc.’s holdings in Walt Disney were worth $3,154,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Walt Disney by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock worth $18,815,185,000 after acquiring an additional 2,325,582 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Walt Disney by 10.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after acquiring an additional 1,449,730 shares during the last quarter. Legal & General Group Plc grew its holdings in Walt Disney by 3.1% in the 2nd quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock worth $1,417,958,000 after acquiring an additional 425,438 shares during the last quarter. Jennison Associates LLC bought a new stake in Walt Disney in the 1st quarter worth $1,490,492,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Walt Disney by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock worth $1,473,252,000 after acquiring an additional 293,482 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.
Walt Disney Stock Down 0.4 %
NYSE:DIS opened at $95.81 on Friday. The firm has a market cap of $173.76 billion, a P/E ratio of 36.85, a P/E/G ratio of 1.53 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a fifty-two week low of $81.82 and a fifty-two week high of $123.74. The firm has a 50-day simple moving average of $93.16 and a two-hundred day simple moving average of $97.45.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on DIS. UBS Group cut their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Evercore ISI dropped their target price on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Piper Sandler assumed coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price for the company. Barclays dropped their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 target price on shares of Walt Disney in a research report on Wednesday, October 23rd. Five analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $118.05.
Read Our Latest Report on Walt Disney
Insider Buying and Selling at Walt Disney
In other news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, the director now owns 22,313 shares in the company, valued at $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by company 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.
See Also
- Five stocks we like better than Walt Disney
- How to Invest in the Best Canadian Stocks
- From PACs to Portfolios: Billionaire Bets and Investor Reactions
- What is a Secondary Public Offering? What Investors Need to Know
- AppLovin Stock Quadruples: What’s Behind the Bullish Sentiment?
- What is MarketRank™? How to Use it
- Battle of the Retailers: Who Comes Out on Top?
Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS – Free Report).
Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.