Banco Santander S.A. Lowers Stock Holdings in The Walt Disney Company (NYSE:DIS)

Banco Santander S.A. lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 25.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,926 shares of the entertainment giant’s stock after selling 45,636 shares during the quarter. Banco Santander S.A.’s holdings in Walt Disney were worth $12,786,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Smithfield Trust Co lifted its stake in shares of Walt Disney by 0.5% in the 3rd quarter. Smithfield Trust Co now owns 18,869 shares of the entertainment giant’s stock worth $1,809,000 after acquiring an additional 102 shares during the period. Transcendent Capital Group LLC lifted its position in Walt Disney by 1.4% in the first quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock valued at $968,000 after purchasing an additional 108 shares during the period. Connable Office Inc. boosted its holdings in Walt Disney by 0.3% in the 3rd quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant’s stock valued at $3,371,000 after purchasing an additional 108 shares in the last quarter. ADE LLC increased its position in Walt Disney by 4.6% during the 2nd quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock worth $249,000 after purchasing an additional 110 shares during the period. Finally, Cozad Asset Management Inc. raised its stake in shares of Walt Disney by 1.9% during the 3rd quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock worth $579,000 after buying an additional 110 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Macquarie increased their price target on shares of Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Needham & Company LLC upped their target price on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. 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. Finally, Barclays lowered their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Five equities 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 company. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.83.

Walt Disney Stock Performance

NYSE:DIS opened at $114.58 on Thursday. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The firm has a 50 day simple moving average of $97.07 and a 200-day simple moving average of $96.72. The firm has a market cap of $207.50 billion, a PE ratio of 42.17, a P/E/G ratio of 2.09 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67.

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.