The Walt Disney Company (NYSE:DIS) Shares Acquired by Okabena Investment Services Inc.

Okabena Investment Services Inc. lifted its stake in The Walt Disney Company (NYSE:DIS) by 25.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,756 shares of the entertainment giant’s stock after buying an additional 2,163 shares during the period. Okabena Investment Services Inc.’s holdings in Walt Disney were worth $1,035,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Swedbank AB acquired a new stake in shares of Walt Disney during the first quarter worth about $493,715,000. Farallon Capital Management LLC purchased a new position in Walt Disney during the 2nd quarter worth approximately $355,673,000. International Assets Investment Management LLC increased its position in Walt Disney by 12,574.4% during the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock worth $329,585,000 after buying an additional 3,399,359 shares during the period. Van ECK Associates Corp lifted its stake in Walt Disney by 114.4% in the third quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant’s stock valued at $414,582,000 after buying an additional 2,298,921 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Walt Disney by 663.0% in the first quarter. Janus Henderson Group PLC now owns 1,897,850 shares of the entertainment giant’s stock valued at $232,217,000 after acquiring an additional 1,649,115 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of DIS opened at $115.65 on Friday. 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 Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The company has a 50-day simple moving average of $98.09 and a 200-day simple moving average of $96.78. The company has a market capitalization of $209.44 billion, a PE ratio of 42.68, a P/E/G ratio of 2.13 and a beta of 1.40.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the sale, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were 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 owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DIS shares. Wells Fargo & Company lifted their target price on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. JPMorgan Chase & Co. dropped their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Bank of America raised their price target on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft upped 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. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus 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.