Birchcreek Wealth Management LLC Sells 216 Shares of The Walt Disney Company (NYSE:DIS)

Birchcreek Wealth Management LLC reduced its holdings in The Walt Disney Company (NYSE:DIS) by 8.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,232 shares of the entertainment giant’s stock after selling 216 shares during the quarter. Birchcreek Wealth Management LLC’s holdings in Walt Disney were worth $215,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors raised its holdings in shares of Walt Disney by 3,332.4% in the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after purchasing an additional 6,084,993 shares during the last quarter. Swedbank AB purchased a new position in shares of Walt Disney in the first quarter worth $493,715,000. Farallon Capital Management LLC purchased a new position in shares of Walt Disney in the second quarter worth $355,673,000. Ontario Teachers Pension Plan Board purchased a new position in Walt Disney during the 1st quarter valued at $425,567,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of 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 buying an additional 3,399,359 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Up 2.7 %

NYSE DIS traded up $2.99 on Friday, reaching $112.11. The stock had a trading volume of 3,743,105 shares, compared to its average volume of 10,877,873. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The business has a 50 day moving average price of $95.03 and a 200 day moving average price of $96.77. The company has a market capitalization of $203.32 billion, a price-to-earnings ratio of 43.12, a P/E/G ratio of 1.67 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38.

Wall Street Analyst Weigh In

DIS has been the topic of several recent research reports. Evercore ISI increased their price objective on shares of Walt Disney from $105.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Barclays reduced their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Loop Capital dropped their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday. Four research 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.68.

Walt Disney Company 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.