Marathon Trading Investment Management LLC Increases Stake in The Walt Disney Company (NYSE:DIS)

Marathon Trading Investment Management LLC lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 30.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,202 shares of the entertainment giant’s stock after acquiring an additional 2,400 shares during the period. Marathon Trading Investment Management LLC’s holdings in Walt Disney were worth $981,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Concurrent Investment Advisors LLC lifted its holdings in shares of Walt Disney by 8.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock worth $6,420,000 after acquiring an additional 5,184 shares during the period. Summit Global Investments lifted its holdings in shares of Walt Disney by 476.0% during the 3rd quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock worth $1,191,000 after acquiring an additional 10,230 shares during the period. Lmcg Investments LLC lifted its holdings in shares of Walt Disney by 18.6% during the 3rd quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock worth $14,174,000 after acquiring an additional 23,116 shares during the period. American Assets Inc. purchased a new position in shares of Walt Disney during the 3rd quarter worth about $962,000. Finally, ICICI Prudential Asset Management Co Ltd raised its holdings in Walt Disney by 92.0% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 92,938 shares of the entertainment giant’s stock valued at $8,940,000 after buying an additional 44,535 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on DIS. JPMorgan Chase & Co. cut their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Morgan Stanley raised their price target on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday. Sanford C. Bernstein raised their price target on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday. Macquarie raised their price target on shares of Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a report on Friday. Finally, Bank of America raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $123.57.

Walt Disney Stock Up 5.5 %

DIS stock opened at $115.08 on Friday. The firm has a 50 day simple moving average of $95.57 and a 200-day simple moving average of $96.69. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company has a market capitalization of $208.71 billion, a P/E ratio of 42.46, a PEG ratio of 1.87 and a beta of 1.40. The company has a current ratio of 0.73, a quick ratio of 0.66 and a debt-to-equity ratio of 0.37.

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.