Stephens Inc. AR reduced its stake in The Walt Disney Company (NYSE:DIS) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 142,359 shares of the entertainment giant’s stock after selling 1,612 shares during the period. Stephens Inc. AR’s holdings in The Walt Disney were worth $25,022,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. FORA Capital LLC acquired a new stake in shares of The Walt Disney in the 1st quarter valued at about $28,000. Johnson Midwest Financial LLC grew its holdings in The Walt Disney by 142.9% during the second quarter. Johnson Midwest Financial LLC now owns 170 shares of the entertainment giant’s stock worth $30,000 after purchasing an additional 100 shares during the period. Financial Insights Inc. bought a new position in The Walt Disney during the second quarter worth about $37,000. FFT Wealth Management LLC bought a new position in The Walt Disney during the second quarter worth about $37,000. Finally, Smith Asset Management Group LP bought a new stake in shares of The Walt Disney during the second quarter worth approximately $39,000. 64.10% of the stock is currently owned by institutional investors and hedge funds.
The Walt Disney stock traded down $3.55 during trading hours on Tuesday, hitting $174.71. The stock had a trading volume of 172,557 shares, compared to its average volume of 9,579,991. The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $317.47 billion, a P/E ratio of 292.23, a price-to-earnings-growth ratio of 3.50 and a beta of 1.19. The Walt Disney Company has a 12-month low of $117.23 and a 12-month high of $203.02. The stock’s 50-day moving average price is $178.67 and its 200-day moving average price is $180.34.
Several brokerages recently issued reports on DIS. Wolfe Research reiterated an “outperform” rating and issued a $226.00 price target on shares of The Walt Disney in a research note on Thursday, June 10th. Barclays boosted their price objective on shares of The Walt Disney from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, August 13th. Royal Bank of Canada upped their price target on shares of The Walt Disney from $202.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, August 13th. Wells Fargo & Company cut their price target on shares of The Walt Disney from $216.00 to $203.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, BMO Capital Markets increased their price objective on shares of The Walt Disney from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Friday, August 13th. Four research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $208.69.
In related news, CEO Robert A. Chapek sold 10,587 shares of the firm’s stock in a transaction dated Tuesday, August 31st. The shares were sold at an average price of $182.00, for a total value of $1,926,834.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction dated Friday, August 13th. The shares were sold at an average price of $186.57, for a total transaction of $1,492,560.00. Following the transaction, the executive vice president now directly owns 42,620 shares in the company, valued at approximately $7,951,613.40. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.
The Walt Disney Profile
The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Media Networks, Parks, Experiences and Products, Studio Entertainment and Direct-to-Consumer and International (DTCI). The Media Networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, radio networks and stations.
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