The Walt Disney Company (NYSE:DIS) Shares Sold by Bell Investment Advisors Inc

Bell Investment Advisors Inc reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 62.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 374 shares of the entertainment giant’s stock after selling 617 shares during the quarter. Bell Investment Advisors Inc’s holdings in Walt Disney were worth $36,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DIS. William B. Walkup & Associates Inc. purchased a new stake in Walt Disney in the second quarter valued at approximately $32,000. Mascoma Wealth Management LLC increased its holdings in shares of Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 122 shares during the period. First PREMIER Bank raised its position in Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 256 shares during the last quarter. Iron Horse Wealth Management LLC boosted 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 purchasing an additional 333 shares during the period. Finally, Livelsberger Financial Advisory purchased a new position in Walt Disney during the 3rd quarter worth $57,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

DIS stock traded up $0.94 on Wednesday, reaching $116.39. The company had a trading volume of 916,958 shares, compared to its average volume of 10,943,809. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The company’s fifty day moving average is $99.03 and its 200 day moving average is $96.86. The company has a market cap of $210.78 billion, a P/E ratio of 42.60, a PEG ratio of 2.16 and a beta of 1.40. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74.

Insider Activity at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the sale, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of 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 disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DIS shares. TD Cowen increased their target price on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Barclays cut their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. UBS Group dropped their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Finally, Piper Sandler began coverage on Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective on the stock. 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. Based on data from MarketBeat.com, the stock presently has a consensus 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.