Navellier & Associates Inc. Cuts Stake in The Walt Disney Company (NYSE:DIS)

Navellier & Associates Inc. lessened its holdings in The Walt Disney Company (NYSE:DIS) by 21.1% during the third quarter, Holdings Channel.com reports. The firm owned 5,661 shares of the entertainment giant’s stock after selling 1,510 shares during the quarter. Navellier & Associates Inc.’s holdings in Walt Disney were worth $545,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Quent Capital LLC grew its holdings in shares of Walt Disney by 4.4% in the first quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock worth $950,000 after purchasing an additional 327 shares during the last quarter. Edgestream Partners L.P. grew its holdings in Walt Disney by 3.4% in the 1st quarter. Edgestream Partners L.P. now owns 3,876 shares of the entertainment giant’s stock worth $474,000 after acquiring an additional 128 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Walt Disney by 30.8% in the first quarter. Advisors Asset Management Inc. now owns 25,987 shares of the entertainment giant’s stock valued at $3,180,000 after acquiring an additional 6,118 shares during the period. Capital International Inc. CA bought a new position in shares of Walt Disney during the first quarter valued at about $3,596,000. Finally, Capital International Sarl bought a new stake in shares of Walt Disney in the first quarter worth about $211,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Up 0.7 %

Shares of NYSE DIS opened at $115.11 on Friday. The company has a market cap of $208.46 billion, a PE ratio of 42.48, a P/E/G ratio of 2.09 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The firm’s 50 day moving average price is $97.59 and its 200-day moving average price is $96.85. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. TD Cowen lifted their price objective on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Macquarie boosted their price objective on shares of Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Sanford C. Bernstein raised their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Finally, UBS Group lowered their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $123.83.

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.