Mizuho Securities USA LLC Sells 22,959 Shares of The Walt Disney Company (NYSE:DIS)

Mizuho Securities USA LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 16.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,601 shares of the entertainment giant’s stock after selling 22,959 shares during the quarter. Mizuho Securities USA LLC’s holdings in Walt Disney were worth $11,312,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Concurrent Investment Advisors LLC raised its holdings in Walt Disney by 8.4% during the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after acquiring an additional 5,184 shares during the period. Summit Global Investments increased its holdings in shares of Walt Disney by 476.0% in the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock worth $1,191,000 after purchasing an additional 10,230 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Walt Disney in the third quarter worth about $14,079,000. Lmcg Investments LLC increased its holdings in shares of Walt Disney by 18.6% in the third quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock worth $14,174,000 after purchasing an additional 23,116 shares during the last quarter. Finally, American Assets Inc. bought a new stake in shares of Walt Disney in the third quarter worth about $962,000. 65.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DIS. Loop Capital lifted their target price on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. TD Cowen lifted their target price on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a report on Friday, November 15th. Guggenheim lifted their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Evercore ISI lifted their price target on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Five 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’s stock. Based on data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.83.

Walt Disney Stock Up 1.6 %

Shares of NYSE:DIS opened at $114.27 on Thursday. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The stock has a market cap of $206.94 billion, a P/E ratio of 42.17, a price-to-earnings-growth ratio of 2.09 and a beta of 1.40. The business’s 50 day moving average is $97.07 and its 200 day moving average is $96.72. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37.

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.