Private Trust Co. NA Has $1.36 Million Stake in The Walt Disney Company (NYSE:DIS)

Private Trust Co. NA lowered its stake in The Walt Disney Company (NYSE:DIS) by 7.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,116 shares of the entertainment giant’s stock after selling 1,064 shares during the period. Private Trust Co. NA’s holdings in Walt Disney were worth $1,358,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DIS. Swedbank AB acquired a new stake in Walt Disney in the 1st quarter worth approximately $493,715,000. Farallon Capital Management LLC bought a new position in Walt Disney in the 2nd quarter worth $355,673,000. International Assets Investment Management LLC grew its position in shares of Walt Disney by 12,574.4% in the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock valued at $329,585,000 after purchasing an additional 3,399,359 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Walt Disney by 114.4% in the third quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant’s stock worth $414,582,000 after purchasing an additional 2,298,921 shares during the period. Finally, 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 valued at $1,477,831,000 after buying an additional 1,449,730 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Loop Capital increased their price objective on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Morgan Stanley boosted their price objective on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Piper Sandler assumed coverage on Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price for the company. TD Cowen boosted their price target on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Finally, Barclays reduced their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Five 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $123.83.

Walt Disney Trading Up 0.3 %

Shares of NYSE DIS opened at $116.00 on Tuesday. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a 50-day moving average of $98.57 and a two-hundred day moving average of $96.79. The company has a market cap of $210.07 billion, a PE ratio of 42.80, a P/E/G ratio of 2.15 and a beta of 1.40. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares in the company, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

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.