The Walt Disney Company (NYSE:DIS) Stake Cut by BNP Paribas

BNP Paribas lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 10.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 317,319 shares of the entertainment giant’s stock after selling 35,594 shares during the quarter. Walt Disney makes up 1.3% of BNP Paribas’ investment portfolio, making the stock its 23rd largest holding. BNP Paribas’ holdings in Walt Disney were worth $30,476,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. RS Crum Inc. increased its stake in shares of Walt Disney by 0.8% in the third quarter. RS Crum Inc. now owns 16,651 shares of the entertainment giant’s stock worth $1,602,000 after acquiring an additional 127 shares during the last quarter. RBO & Co. LLC grew its stake in Walt Disney by 2.1% in the third quarter. RBO & Co. LLC now owns 149,444 shares of the entertainment giant’s stock valued at $14,375,000 after purchasing an additional 3,012 shares in the last quarter. Townsquare Capital LLC increased its position in Walt Disney by 20.3% in the 3rd quarter. Townsquare Capital LLC now owns 192,719 shares of the entertainment giant’s stock worth $18,538,000 after purchasing an additional 32,584 shares during the last quarter. Baldwin Investment Management LLC raised its stake in shares of Walt Disney by 12.3% during the 3rd quarter. Baldwin Investment Management LLC now owns 8,666 shares of the entertainment giant’s stock worth $834,000 after purchasing an additional 948 shares in the last quarter. Finally, Shum Financial Group Inc. acquired a new stake in shares of Walt Disney during the 3rd quarter valued at about $714,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the topic of a number of research reports. Barclays cut their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Bank of America lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Needham & Company LLC increased their target price on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Wells Fargo & Company boosted their price target on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Guggenheim increased their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $123.83.

Insiders Place Their Bets

In related news, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 44,055 shares in the company, valued at $5,005,529.10. This represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 0.5 %

NYSE DIS opened at $115.46 on Wednesday. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The stock has a market cap of $209.08 billion, a PE ratio of 42.60, a PEG ratio of 2.16 and a beta of 1.40. The firm has a 50-day simple moving average of $99.03 and a 200 day simple moving average of $96.86.

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.