Kingsview Wealth Management LLC Acquires 13,829 Shares of The Walt Disney Company (NYSE:DIS)

Kingsview Wealth Management LLC increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 13.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 113,030 shares of the entertainment giant’s stock after buying an additional 13,829 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Walt Disney were worth $10,872,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cerity Partners LLC raised its position in shares of Walt Disney by 27.3% during the third quarter. Cerity Partners LLC now owns 1,026,383 shares of the entertainment giant’s stock worth $98,728,000 after acquiring an additional 219,965 shares during the last quarter. Great Valley Advisor Group Inc. raised its position in shares of Walt Disney by 3.9% during the third quarter. Great Valley Advisor Group Inc. now owns 60,888 shares of the entertainment giant’s stock worth $5,857,000 after acquiring an additional 2,259 shares during the last quarter. Certified Advisory Corp raised its position in shares of Walt Disney by 19.0% during the third quarter. Certified Advisory Corp now owns 14,595 shares of the entertainment giant’s stock worth $1,404,000 after acquiring an additional 2,330 shares during the last quarter. Waddell & Associates LLC raised its position in shares of Walt Disney by 8.3% during the third quarter. Waddell & Associates LLC now owns 3,457 shares of the entertainment giant’s stock worth $332,000 after acquiring an additional 265 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in shares of Walt Disney by 23.0% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,158,881 shares of the entertainment giant’s stock worth $111,473,000 after acquiring an additional 216,822 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Up 0.8 %

Shares of NYSE:DIS opened at $115.66 on Friday. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The firm has a market capitalization of $209.45 billion, a P/E ratio of 42.68, a P/E/G ratio of 2.13 and a beta of 1.40. The stock has a 50 day moving average price of $98.09 and a 200-day moving average price of $96.84. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.

Insider Activity

In other 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 transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was 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 in the company, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent analyst reports. Bank of America raised their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Piper Sandler began coverage on Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their price objective on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Macquarie raised their price objective on Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Finally, Loop Capital raised their price objective on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $123.83.

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.