Daiwa Securities Group Inc. Acquires 24,822 Shares of The Walt Disney Company (NYSE:DIS)

Daiwa Securities Group Inc. raised its holdings in The Walt Disney Company (NYSE:DIS) by 8.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 306,060 shares of the entertainment giant’s stock after buying an additional 24,822 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Walt Disney were worth $29,440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hartford Funds Management Co LLC boosted its holdings in Walt Disney by 19.0% in the third quarter. Hartford Funds Management Co LLC now owns 8,162 shares of the entertainment giant’s stock valued at $785,000 after acquiring an additional 1,304 shares in the last quarter. SevenBridge Financial Group LLC boosted its stake in shares of Walt Disney by 9.0% during the 3rd quarter. SevenBridge Financial Group LLC now owns 36,712 shares of the entertainment giant’s stock valued at $3,703,000 after purchasing an additional 3,024 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Walt Disney by 36.0% during the 3rd 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 in the last quarter. Managed Asset Portfolios LLC raised its stake 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 worth $10,732,000 after buying an additional 48,836 shares in the last quarter. Finally, Okabena Investment Services Inc. raised its stake 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 worth $1,035,000 after buying an additional 2,163 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DIS. UBS Group reduced their target price on 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 upped their price target on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Piper Sandler assumed coverage on Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective for the company. Raymond James restated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Finally, Guggenheim increased their price target on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note 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. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $123.83.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $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.

Walt Disney Stock Performance

NYSE:DIS opened at $115.65 on Friday. The stock has a 50-day simple moving average of $98.09 and a two-hundred day simple moving average of $96.78. 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 52-week low of $83.91 and a 52-week high of $123.74. The firm has a market capitalization of $209.44 billion, a PE ratio of 42.68, a P/E/G ratio of 2.13 and a beta of 1.40.

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.