Victory Capital Management Inc. Sells 31,163 Shares of The Walt Disney Company (NYSE:DIS)

Victory Capital Management Inc. trimmed its holdings in The Walt Disney Company (NYSE:DIS) by 5.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 591,518 shares of the entertainment giant’s stock after selling 31,163 shares during the quarter. Victory Capital Management Inc.’s holdings in Walt Disney were worth $56,898,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DIS. Missouri Trust & Investment Co increased its stake in Walt Disney by 23.4% in the third quarter. Missouri Trust & Investment Co now owns 12,812 shares of the entertainment giant’s stock worth $1,232,000 after purchasing an additional 2,430 shares during the period. American Assets Inc. purchased a new position in Walt Disney in the 3rd quarter worth about $962,000. Aigen Investment Management LP bought a new stake in Walt Disney during the 3rd quarter valued at about $267,000. Savvy Advisors Inc. boosted its position in Walt Disney by 25.5% in the 3rd quarter. Savvy Advisors Inc. now owns 7,654 shares of the entertainment giant’s stock valued at $736,000 after buying an additional 1,553 shares during the period. Finally, Winslow Asset Management Inc. grew its stake in Walt Disney by 6.6% in the 3rd quarter. Winslow Asset Management Inc. now owns 71,849 shares of the entertainment giant’s stock worth $6,911,000 after acquiring an additional 4,440 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $109.13 on Friday. The firm has a market capitalization of $197.92 billion, a P/E ratio of 41.97, a PEG ratio of 1.64 and a beta of 1.40. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The company has a 50 day moving average price of $94.62 and a 200 day moving average price of $96.69.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of research reports. Wells Fargo & Company lowered their price target on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Bank of America dropped their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Loop Capital dropped their target price on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Four research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $119.14.

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.