Commerce Bank Sells 3,156 Shares of The Walt Disney Company (NYSE:DIS)

Commerce Bank lessened its holdings in The Walt Disney Company (NYSE:DIS) by 1.4% in the third quarter, HoldingsChannel reports. The fund owned 217,526 shares of the entertainment giant’s stock after selling 3,156 shares during the period. Commerce Bank’s holdings in Walt Disney were worth $20,924,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Transcendent Capital Group LLC boosted its holdings in Walt Disney by 1.4% in the first quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock worth $968,000 after acquiring an additional 108 shares in the last quarter. Connable Office Inc. boosted its holdings in Walt Disney by 0.3% in the third quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant’s stock worth $3,371,000 after acquiring an additional 108 shares in the last quarter. ADE LLC boosted its holdings in Walt Disney by 4.6% in the second quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock worth $249,000 after acquiring an additional 110 shares in the last quarter. Cozad Asset Management Inc. boosted its holdings in Walt Disney by 1.9% in the third quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock worth $579,000 after acquiring an additional 110 shares in the last quarter. Finally, Absher Wealth Management LLC lifted its holdings in shares of Walt Disney by 0.8% during the third quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant’s stock valued at $1,360,000 after purchasing an additional 111 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $114.27 on Thursday. The company has a market capitalization of $206.94 billion, a P/E ratio of 42.17, a P/E/G ratio of 1.85 and a beta of 1.40. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The firm’s 50 day simple moving average is $97.07 and its two-hundred day simple moving average is $96.72. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DIS. Piper Sandler began coverage on Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target on the stock. Bank of America upped their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Loop Capital upped their price target on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, November 15th. TD Cowen upped their price target on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Finally, Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Five equities 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. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $123.83.

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.