Kingsview Wealth Management LLC Grows Stake in The Walt Disney Company (NYSE:DIS)

Kingsview Wealth Management LLC increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 13.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 113,030 shares of the entertainment giant’s stock after acquiring an additional 13,829 shares during the period. Kingsview Wealth Management LLC’s holdings in Walt Disney were worth $10,872,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DIS. William B. Walkup & Associates Inc. purchased a new position in Walt Disney during the 2nd quarter valued at approximately $32,000. Mascoma Wealth Management LLC grew its holdings in Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 122 shares in the last quarter. First PREMIER Bank grew its holdings in Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after buying an additional 256 shares in the last quarter. Iron Horse Wealth Management LLC grew its holdings in Walt Disney by 148.7% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after buying an additional 333 shares in the last quarter. Finally, Livelsberger Financial Advisory bought a new stake in shares of Walt Disney in the 3rd quarter valued at approximately $57,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DIS. JPMorgan Chase & Co. lowered their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Guggenheim raised their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Needham & Company LLC raised 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. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.83.

Walt Disney Stock Up 0.8 %

Shares of DIS stock opened at $115.66 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The stock’s fifty day moving average price is $98.09 and its 200 day moving average price is $96.84. The company has a market cap of $209.45 billion, a price-to-earnings ratio of 42.68, a price-to-earnings-growth ratio of 2.13 and a beta of 1.40. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, 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 transaction of $42,667,242.84. Following the sale, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the sale, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

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.