Hartline Investment Corp Sells 2,700 Shares of The Walt Disney Company (NYSE:DIS)

Hartline Investment Corp reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 20.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,228 shares of the entertainment giant’s stock after selling 2,700 shares during the quarter. Hartline Investment Corp’s holdings in Walt Disney were worth $984,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DIS. Capital World Investors boosted its position in Walt Disney by 3,332.4% during the first 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 during the period. Swedbank AB bought a new stake in shares of Walt Disney during the 1st quarter worth about $493,715,000. Farallon Capital Management LLC bought a new stake in shares of Walt Disney during the 2nd quarter worth about $355,673,000. Ontario Teachers Pension Plan Board acquired a new position in Walt Disney in the 1st quarter valued at about $425,567,000. Finally, International Assets Investment Management LLC raised its holdings in Walt Disney by 12,574.4% in the 3rd 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 during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Trading Up 0.2 %

Shares of DIS opened at $101.02 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The firm has a market cap of $183.21 billion, a price-to-earnings ratio of 38.85, a PEG ratio of 1.64 and a beta of 1.40. The business’s fifty day moving average is $94.35 and its 200-day moving average is $96.65.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of research analyst reports. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. UBS Group reduced their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Piper Sandler started coverage on Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective on the stock. Wells Fargo & Company dropped their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.14.

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.