Cadence Bank Has $1.13 Million Holdings in The Walt Disney Company (NYSE:DIS)

Cadence Bank trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 14.3% during the third quarter, Holdings Channel.com reports. The firm owned 11,757 shares of the entertainment giant’s stock after selling 1,966 shares during the period. Cadence Bank’s holdings in Walt Disney were worth $1,131,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Farallon Capital Management LLC acquired a new position in Walt Disney during the second quarter worth $355,673,000. International Assets Investment Management LLC increased its position in shares of Walt Disney by 12,574.4% during the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock worth $329,585,000 after acquiring an additional 3,399,359 shares in the last quarter. FMR LLC raised its holdings in shares of Walt Disney by 8.7% in the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock worth $3,310,539,000 after acquiring an additional 2,765,389 shares during the last quarter. Van ECK Associates Corp lifted its position in Walt Disney by 114.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant’s stock valued at $414,582,000 after acquiring an additional 2,298,921 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Walt Disney by 10.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock valued at $1,477,831,000 after purchasing an additional 1,449,730 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Insider Activity at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were 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 of the company’s stock, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Sanford C. Bernstein raised their target price on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Raymond James restated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Needham & Company LLC raised their price target on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Macquarie boosted their price target on shares of Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Five equities research 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.83.

Walt Disney Trading Up 1.9 %

NYSE:DIS opened at $117.61 on Thursday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The stock’s fifty day moving average price is $99.51 and its two-hundred day moving average price is $97.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The company has a market cap of $212.98 billion, a P/E ratio of 43.40, a P/E/G ratio of 2.16 and a beta of 1.40.

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.