Robert A. Iger Sells 372,412 Shares of The Walt Disney Company (NYSE:DIS) Stock

The Walt Disney Company (NYSE:DIS) CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the transaction, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Walt Disney Stock Up 0.8 %

DIS stock opened at $115.66 on Friday. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The firm has a market cap of $209.45 billion, a PE ratio of 42.68, a PEG ratio of 2.13 and a beta of 1.40. The firm’s 50 day moving average price is $98.09 and its 200-day moving average price is $96.84. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DIS. Macquarie raised their target price on shares of Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Sanford C. Bernstein increased their price target on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Barclays decreased their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Loop Capital upped their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Bank of America lifted their target price on Walt Disney from $120.00 to $140.00 and gave the company 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 assigned a strong buy rating to the stock. According to data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $123.83.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Boyar Asset Management Inc. increased its holdings in shares of Walt Disney by 1.7% in the third quarter. Boyar Asset Management Inc. now owns 33,280 shares of the entertainment giant’s stock valued at $3,201,000 after purchasing an additional 551 shares during the period. Eaton Financial Holdings Company LLC acquired a new position in Walt Disney in the 3rd quarter valued at about $660,000. Saratoga Research & Investment Management lifted its holdings in Walt Disney by 18.8% in the 3rd quarter. Saratoga Research & Investment Management now owns 1,536,008 shares of the entertainment giant’s stock valued at $147,749,000 after purchasing an additional 242,675 shares in the last quarter. Te Ahumairangi Investment Management Ltd boosted its stake in shares of Walt Disney by 28.3% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 37,123 shares of the entertainment giant’s stock worth $3,551,000 after purchasing an additional 8,180 shares during the last quarter. Finally, Second Line Capital LLC purchased a new stake in shares of Walt Disney during the third quarter worth about $244,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

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.