KBC Group NV Decreases Stake in The Walt Disney Company (NYSE:DIS)

KBC Group NV decreased its stake in The Walt Disney Company (NYSE:DIS) by 7.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 989,155 shares of the entertainment giant’s stock after selling 78,365 shares during the period. KBC Group NV’s holdings in Walt Disney were worth $95,147,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in DIS. Transcendent Capital Group LLC grew its holdings in shares of Walt Disney by 1.4% during the 1st quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock valued at $968,000 after acquiring an additional 108 shares in the last quarter. ADE LLC grew its stake in Walt Disney by 4.6% in the second quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock valued at $249,000 after purchasing an additional 110 shares in the last quarter. Cozad Asset Management Inc. increased its position in Walt Disney by 1.9% in the 3rd quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock worth $579,000 after purchasing an additional 110 shares during the last quarter. Absher Wealth Management LLC increased its position in Walt Disney by 0.8% in the 3rd quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant’s stock worth $1,360,000 after purchasing an additional 111 shares during the last quarter. Finally, Archford Capital Strategies LLC lifted its holdings in shares of Walt Disney by 2.3% during the 2nd quarter. Archford Capital Strategies LLC now owns 4,966 shares of the entertainment giant’s stock valued at $493,000 after buying an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of research reports. Evercore ISI increased their price objective on Walt Disney from $105.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Piper Sandler started coverage on Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price on the stock. Loop Capital decreased their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $119.14.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $102.67 on Thursday. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. 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 business has a fifty day simple moving average of $94.35 and a 200 day simple moving average of $96.65. The firm has a market capitalization of $186.20 billion, a price-to-earnings ratio of 39.49, a PEG ratio of 1.64 and a beta of 1.40.

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.