Associated Banc Corp Decreases Stake in The Walt Disney Company (NYSE:DIS)

Associated Banc Corp decreased its holdings in The Walt Disney Company (NYSE:DIS) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,459 shares of the entertainment giant’s stock after selling 3,432 shares during the quarter. Associated Banc Corp’s holdings in Walt Disney were worth $7,739,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quent Capital LLC grew its stake in Walt Disney by 4.4% in the 1st quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock valued at $950,000 after acquiring an additional 327 shares during the last quarter. Waverly Advisors LLC increased its stake in shares of Walt Disney by 51.3% during the 1st quarter. Waverly Advisors LLC now owns 24,680 shares of the entertainment giant’s stock worth $3,020,000 after purchasing an additional 8,366 shares in the last quarter. Kennedy Capital Management LLC acquired a new position in shares of Walt Disney during the 1st quarter worth approximately $5,903,000. Janus Henderson Group PLC lifted its stake in Walt Disney by 663.0% in the 1st quarter. Janus Henderson Group PLC now owns 1,897,850 shares of the entertainment giant’s stock valued at $232,217,000 after buying an additional 1,649,115 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. grew its holdings in Walt Disney by 3.8% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 8,714 shares of the entertainment giant’s stock valued at $1,066,000 after buying an additional 322 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DIS. Bank of America boosted their price target on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Piper Sandler started coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target on the stock. Morgan Stanley boosted their price objective on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Five investment 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.83.

Walt Disney Trading Up 0.4 %

Shares of Walt Disney stock traded up $0.48 during trading hours on Monday, hitting $116.13. The company’s stock had a trading volume of 1,216,040 shares, compared to its average volume of 10,965,879. The business has a fifty day moving average of $98.09 and a 200 day moving average of $96.72. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a market capitalization of $210.30 billion, a PE ratio of 42.68, a P/E/G ratio of 2.15 and a beta of 1.40.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the 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 completion of the transaction, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Walt Disney 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.