Hartford Funds Management Co LLC Has $785,000 Stock Holdings in The Walt Disney Company (NYSE:DIS)

Hartford Funds Management Co LLC boosted its position in The Walt Disney Company (NYSE:DIS) by 19.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,162 shares of the entertainment giant’s stock after acquiring an additional 1,304 shares during the period. Hartford Funds Management Co LLC’s holdings in Walt Disney were worth $785,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. William B. Walkup & Associates Inc. bought a new stake in shares of Walt Disney during the second quarter worth approximately $32,000. Mascoma Wealth Management LLC raised its position in shares of Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 122 shares during the last quarter. First PREMIER Bank lifted its stake in shares of Walt Disney by 98.1% in 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 period. Iron Horse Wealth Management LLC boosted its position in shares of 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 purchasing an additional 333 shares during the last quarter. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Walt Disney during the third quarter worth $57,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Up 0.8 %

Shares of DIS stock opened at $115.65 on Friday. The firm’s fifty day moving average price is $98.09 and its two-hundred day moving average price is $96.78. The company has a current ratio of 0.73, a quick ratio of 0.67 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 firm has a market capitalization of $209.44 billion, a P/E ratio of 42.68, a PEG ratio of 2.13 and a beta of 1.40.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Sanford C. Bernstein raised their target price on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. Barclays reduced their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. UBS Group lowered their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Macquarie lifted their price target on shares of Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Finally, TD Cowen upped their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.83.

Insider Activity at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction on 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 approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction 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 sale, 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. 0.10% of the stock is owned by company insiders.

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.