Studio Investment Management LLC Grows Stake in The Walt Disney Company (NYSE:DIS)

Studio Investment Management LLC lifted its holdings in The Walt Disney Company (NYSE:DIS) by 1.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,104 shares of the entertainment giant’s stock after purchasing an additional 318 shares during the quarter. Studio Investment Management LLC’s holdings in Walt Disney were worth $2,511,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its stake in shares of Walt Disney by 10.8% during the second 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 increased its stake in Walt Disney by 3.1% during the 2nd quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock valued at $1,417,958,000 after purchasing an additional 425,438 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Walt Disney by 2.5% in the first 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 buying an additional 293,482 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Walt Disney by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant’s stock valued at $1,001,454,000 after buying an additional 114,701 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Walt Disney by 1.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,953,903 shares of the entertainment giant’s stock valued at $988,290,000 after acquiring an additional 102,210 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Price Performance

NYSE:DIS opened at $115.11 on Friday. The stock has a 50 day moving average of $97.59 and a two-hundred day moving average of $96.85. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The firm has a market cap of $208.46 billion, a P/E ratio of 42.48, a price-to-earnings-growth ratio of 2.09 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.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DIS shares. Evercore ISI boosted their price target on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday. Guggenheim raised their price target on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Sanford C. Bernstein upped their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Bank of America raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, TD Cowen upped 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. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $123.83.

Insider Buying and Selling

In other Walt Disney 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 sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,005,529.10. The trade was a 10.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

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.