Fisher Asset Management LLC Sells 7,833,805 Shares of The Walt Disney Company (NYSE:DIS)

Fisher Asset Management LLC decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 98.7% during the third quarter, Holdings Channel reports. The fund owned 101,244 shares of the entertainment giant’s stock after selling 7,833,805 shares during the period. Fisher Asset Management LLC’s holdings in Walt Disney were worth $9,739,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. William B. Walkup & Associates Inc. bought a new position in Walt Disney in the second quarter worth $32,000. Mascoma Wealth Management LLC grew its holdings in shares of Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 122 shares during the last quarter. First PREMIER Bank boosted its stake in Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 256 shares during the last quarter. Iron Horse Wealth Management LLC increased its holdings in Walt Disney by 148.7% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after buying an additional 333 shares in the last quarter. Finally, Livelsberger Financial Advisory bought a new stake in shares of Walt Disney in the third quarter worth approximately $57,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $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. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Guggenheim raised their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Macquarie upped their price objective on Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Finally, Needham & Company LLC boosted their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $123.83.

Walt Disney Price Performance

NYSE:DIS opened at $117.61 on Thursday. The firm 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. 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 business has a 50 day simple moving average of $99.51 and a 200-day simple moving average of $97.00. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74.

Walt Disney Company 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.