Activest Wealth Management Sells 2,246 Shares of The Walt Disney Company (NYSE:DIS)

Activest Wealth Management lessened its position in The Walt Disney Company (NYSE:DIS) by 47.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,535 shares of the entertainment giant’s stock after selling 2,246 shares during the period. Activest Wealth Management’s holdings in Walt Disney were worth $244,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. William B. Walkup & Associates Inc. bought a new position in shares of Walt Disney during the second quarter valued at $32,000. Mascoma Wealth Management LLC raised its stake in shares of Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after buying an additional 122 shares during the period. First PREMIER Bank grew its holdings in shares of Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after buying an additional 256 shares in the last quarter. Iron Horse Wealth Management LLC lifted its stake in Walt Disney by 148.7% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after acquiring an additional 333 shares in the last quarter. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Walt Disney during the third quarter worth about $57,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE DIS traded up $0.23 during trading on Thursday, hitting $114.49. The company’s stock had a trading volume of 838,839 shares, compared to its average volume of 10,972,363. 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 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average price of $97.07 and a 200 day moving average price of $96.72. The firm has a market cap of $207.33 billion, a P/E ratio of 42.17, a price-to-earnings-growth ratio of 2.09 and a beta of 1.40.

Analyst Ratings Changes

A number of research firms recently weighed in on DIS. Loop Capital raised their price target on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, November 15th. TD Cowen upped their price objective on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Macquarie lifted their price target on shares of Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Barclays lowered their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Piper Sandler started coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $123.83.

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.