Kovack Advisors Inc. Acquires 3,642 Shares of The Walt Disney Company (NYSE:DIS)

Kovack Advisors Inc. lifted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 27.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,848 shares of the entertainment giant’s stock after purchasing an additional 3,642 shares during the period. Kovack Advisors Inc.’s holdings in Walt Disney were worth $1,621,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Capital World Investors boosted its position in shares of Walt Disney by 3,332.4% during the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after purchasing an additional 6,084,993 shares in the last quarter. Swedbank AB acquired a new position in Walt Disney during the 1st quarter worth approximately $493,715,000. Farallon Capital Management LLC bought a new position in Walt Disney in the second quarter worth approximately $355,673,000. Ontario Teachers Pension Plan Board acquired a new stake in Walt Disney in the first quarter valued at approximately $425,567,000. Finally, International Assets Investment Management LLC increased its holdings in shares of Walt Disney by 12,574.4% during 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 acquiring an additional 3,399,359 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of Walt Disney stock traded up $0.37 during trading hours on Wednesday, reaching $101.36. The company had a trading volume of 2,162,134 shares, compared to its average volume of 10,673,499. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The business has a fifty day simple moving average of $94.35 and a 200 day simple moving average of $96.65. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a market cap of $183.83 billion, a PE ratio of 38.85, a price-to-earnings-growth ratio of 1.64 and a beta of 1.40.

Analyst Ratings Changes

A number of brokerages have commented on DIS. UBS Group decreased their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Macquarie lowered their target price on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 19th. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Piper Sandler assumed coverage on Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective for the company. Finally, Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Four research 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 stock. According to data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $119.14.

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.