Accredited Investors Inc. Sells 759 Shares of The Walt Disney Company (NYSE:DIS)

Accredited Investors Inc. cut its stake in The Walt Disney Company (NYSE:DIS) by 9.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,304 shares of the entertainment giant’s stock after selling 759 shares during the period. Accredited Investors Inc.’s holdings in Walt Disney were worth $703,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Capital World Investors raised its holdings in shares of Walt Disney by 3,332.4% during the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after buying an additional 6,084,993 shares in the last quarter. Swedbank AB bought a new position in Walt Disney during the first quarter valued at approximately $493,715,000. Farallon Capital Management LLC purchased a new position in shares of Walt Disney during the second quarter worth approximately $355,673,000. International Assets Investment Management LLC lifted its holdings in shares of Walt Disney by 12,574.4% in the 3rd quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock worth $329,585,000 after acquiring an additional 3,399,359 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Walt Disney by 114.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant’s stock valued at $414,582,000 after purchasing an additional 2,298,921 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $115.08 on Friday. The business has a fifty day simple moving average of $95.57 and a two-hundred day simple moving average of $96.69. The firm has a market capitalization of $208.71 billion, a P/E ratio of 44.26, a P/E/G ratio of 1.67 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Piper Sandler initiated coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price on the stock. Barclays lowered their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Evercore ISI raised their price target on Walt Disney from $105.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. UBS Group decreased their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Morgan Stanley raised their target price on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.57.

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.