The Walt Disney Company (NYSE:DIS) Stock Holdings Increased by Infusive Asset Management Inc.

Infusive Asset Management Inc. boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 169.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,177 shares of the entertainment giant’s stock after purchasing an additional 28,430 shares during the period. Walt Disney comprises approximately 1.8% of Infusive Asset Management Inc.’s holdings, making the stock its 23rd largest position. Infusive Asset Management Inc.’s holdings in Walt Disney were worth $4,346,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quent Capital LLC lifted its position in shares of Walt Disney by 4.4% in the first quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock worth $950,000 after buying an additional 327 shares during the last quarter. PGGM Investments acquired a new position in Walt Disney during the first quarter valued at approximately $1,036,000. Cetera Investment Advisers raised its position in shares of Walt Disney by 202.7% in the first quarter. Cetera Investment Advisers now owns 533,861 shares of the entertainment giant’s stock valued at $65,323,000 after purchasing an additional 357,498 shares during the period. Cetera Advisor Networks LLC lifted its stake in shares of Walt Disney by 2.1% in the first quarter. Cetera Advisor Networks LLC now owns 262,733 shares of the entertainment giant’s stock worth $32,148,000 after buying an additional 5,370 shares during the last quarter. Finally, Soltis Investment Advisors LLC boosted its holdings in shares of Walt Disney by 7.3% during the 1st quarter. Soltis Investment Advisors LLC now owns 7,235 shares of the entertainment giant’s stock worth $885,000 after buying an additional 494 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DIS. Needham & Company LLC raised their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Wells Fargo & Company boosted their target price on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Raymond James restated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Finally, Bank of America upped their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $123.83.

Insider Activity

In other news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction on 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 completion of the sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the transaction, the executive vice president now 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 disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Walt Disney Price Performance

Shares of DIS opened at $117.60 on Friday. The company’s 50-day moving average is $99.99 and its 200-day moving average is $97.15. 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 firm has a market capitalization of $212.97 billion, a PE ratio of 43.39, a PEG ratio of 2.19 and a beta of 1.40. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

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.