Navellier & Associates Inc. Has $545,000 Stake in The Walt Disney Company (NYSE:DIS)

Navellier & Associates Inc. reduced its position in The Walt Disney Company (NYSE:DIS) by 21.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,661 shares of the entertainment giant’s stock after selling 1,510 shares during the quarter. Navellier & Associates Inc.’s holdings in Walt Disney were worth $545,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DIS. Smithfield Trust Co boosted its stake in shares of Walt Disney by 0.5% during the third quarter. Smithfield Trust Co now owns 18,869 shares of the entertainment giant’s stock valued at $1,809,000 after purchasing an additional 102 shares in the last quarter. Transcendent Capital Group LLC lifted its stake in shares of Walt Disney by 1.4% in the first quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock valued at $968,000 after buying an additional 108 shares in the last quarter. Connable Office Inc. increased its holdings in Walt Disney by 0.3% during the 3rd quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant’s stock worth $3,371,000 after purchasing an additional 108 shares in the last quarter. ADE LLC raised its position in Walt Disney by 4.6% in the 2nd quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock valued at $249,000 after buying an additional 110 shares during the last quarter. Finally, Cozad Asset Management Inc. lifted its position in shares of Walt Disney by 1.9% during the third quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock valued at $579,000 after purchasing an additional 110 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction on 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 sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

NYSE:DIS opened at $115.11 on Friday. The firm has a market capitalization of $208.46 billion, a price-to-earnings ratio of 42.48, a P/E/G ratio of 2.09 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 stock has a fifty day moving average of $97.59 and a 200 day moving average of $96.85. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. UBS Group reduced their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Piper Sandler initiated coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Bank of America increased their price objective on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Loop Capital boosted their target price on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Guggenheim increased 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. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $123.83.

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.