The Walt Disney Company (NYSE:DIS) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA cut its position in shares of The Walt Disney Company (NYSE:DIS) by 4.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,608,677 shares of the entertainment giant’s stock after selling 362,129 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Walt Disney were worth $828,069,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DIS. Swedbank AB purchased a new position in Walt Disney in the 1st quarter valued at about $493,715,000. Farallon Capital Management LLC purchased a new position in Walt Disney in the second quarter valued at about $355,673,000. International Assets Investment Management LLC grew its stake in Walt Disney by 12,574.4% during 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 purchasing an additional 3,399,359 shares in the last quarter. Van ECK Associates Corp increased its holdings in Walt Disney by 114.4% during the 3rd quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant’s stock worth $414,582,000 after purchasing an additional 2,298,921 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Walt Disney by 663.0% in the 1st quarter. Janus Henderson Group PLC now owns 1,897,850 shares of the entertainment giant’s stock valued at $232,217,000 after purchasing an additional 1,649,115 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Evercore ISI lifted their price target on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research note on Monday. Piper Sandler assumed coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price on the stock. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Sanford C. Bernstein upped their price objective on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Finally, Guggenheim lifted their target price on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $123.83.

Walt Disney Stock Performance

Shares of DIS opened at $115.11 on Friday. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The stock has a market capitalization of $208.46 billion, a P/E ratio of 42.48, a P/E/G ratio of 2.09 and a beta of 1.40. The firm’s 50 day moving average is $97.59 and its 200-day moving average is $96.85. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67.

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.