Fiduciary Trust Co Boosts Holdings in The Walt Disney Company (NYSE:DIS)

Fiduciary Trust Co raised its stake in The Walt Disney Company (NYSE:DIS) by 0.1% during the third quarter, Holdings Channel reports. The fund owned 130,841 shares of the entertainment giant’s stock after buying an additional 148 shares during the period. Fiduciary Trust Co’s holdings in Walt Disney were worth $12,586,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quent Capital LLC grew its stake in shares of Walt Disney by 4.4% during the 1st quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock worth $950,000 after acquiring an additional 327 shares during the period. Strategic Wealth Partners Ltd. lifted its holdings in Walt Disney by 8.7% during the first quarter. Strategic Wealth Partners Ltd. now owns 6,580 shares of the entertainment giant’s stock valued at $805,000 after purchasing an additional 524 shares during the last quarter. Independent Wealth Network Inc. bought a new position in Walt Disney during the first quarter worth about $215,000. Beck Bode LLC purchased a new position in shares of Walt Disney in the first quarter worth about $214,000. Finally, Northwest Bank & Trust Co raised its position in shares of Walt Disney by 5.4% in the first quarter. Northwest Bank & Trust Co now owns 4,663 shares of the entertainment giant’s stock valued at $571,000 after purchasing an additional 237 shares during the period. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Up 1.9 %

NYSE DIS opened at $117.61 on Thursday. 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 stock’s 50-day simple moving average is $99.51 and its two-hundred day simple moving average is $97.00. 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 $212.98 billion, a price-to-earnings ratio of 43.40, a PEG ratio of 2.16 and a beta of 1.40.

Insider Activity

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brent Woodford sold 5,000 shares of Walt Disney 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 transaction, the executive vice president now directly owns 44,055 shares in the company, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on DIS. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Morgan Stanley lifted their price target on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Piper Sandler assumed coverage on Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective on the stock. UBS Group reduced their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Guggenheim upped their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.