Massachusetts Financial Services Co. MA Cuts Holdings in The Walt Disney Company (NYSE:DIS)

Massachusetts Financial Services Co. MA lessened its stake in The Walt Disney Company (NYSE:DIS) by 4.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 8,608,677 shares of the entertainment giant’s stock after selling 362,129 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.47% of Walt Disney worth $828,069,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in DIS. Integrated Investment Consultants LLC increased its position in shares of Walt Disney by 1,045.6% in the 3rd quarter. Integrated Investment Consultants LLC now owns 63,293 shares of the entertainment giant’s stock valued at $6,088,000 after purchasing an additional 57,768 shares during the last quarter. John G Ullman & Associates Inc. increased its holdings in Walt Disney by 4.3% in the third quarter. John G Ullman & Associates Inc. now owns 92,089 shares of the entertainment giant’s stock valued at $8,858,000 after buying an additional 3,800 shares during the last quarter. German American Bancorp Inc. raised its stake in Walt Disney by 11.2% in the third quarter. German American Bancorp Inc. now owns 37,921 shares of the entertainment giant’s stock valued at $3,648,000 after buying an additional 3,828 shares in the last quarter. Cypress Capital Group lifted its holdings in Walt Disney by 3.8% during the 3rd quarter. Cypress Capital Group now owns 36,463 shares of the entertainment giant’s stock worth $3,507,000 after buying an additional 1,329 shares during the last quarter. Finally, Landscape Capital Management L.L.C. lifted its stake in Walt Disney by 175.1% during the third quarter. Landscape Capital Management L.L.C. now owns 52,207 shares of the entertainment giant’s stock worth $5,022,000 after purchasing an additional 33,230 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction dated 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 directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DIS shares. 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 note on Friday, November 15th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Morgan Stanley upped their price target on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, UBS Group reduced their price objective 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. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $123.83.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $115.11 on Friday. The company has a 50-day simple moving average of $97.59 and a 200-day simple moving average of $96.85. 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 company has a market cap of $208.46 billion, a PE ratio of 42.48, a price-to-earnings-growth ratio of 2.09 and a beta of 1.40. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74.

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.