Providence Wealth Advisors LLC Sells 374 Shares of The Walt Disney Company (NYSE:DIS)

Providence Wealth Advisors LLC cut its position in The Walt Disney Company (NYSE:DIS) by 4.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,444 shares of the entertainment giant’s stock after selling 374 shares during the quarter. Providence Wealth Advisors LLC’s holdings in Walt Disney were worth $818,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Infrastructure Capital Advisors LLC bought a new position in Walt Disney in the third quarter worth about $192,000. Northwest & Ethical Investments L.P. increased its holdings in shares of Walt Disney by 15.7% during the third quarter. Northwest & Ethical Investments L.P. now owns 91,920 shares of the entertainment giant’s stock valued at $8,842,000 after acquiring an additional 12,506 shares in the last quarter. Vinva Investment Management Ltd increased its holdings in shares of Walt Disney by 26.1% during the third quarter. Vinva Investment Management Ltd now owns 68,413 shares of the entertainment giant’s stock valued at $6,568,000 after acquiring an additional 14,169 shares in the last quarter. Financial Counselors Inc. increased its holdings in shares of Walt Disney by 2.7% during the third quarter. Financial Counselors Inc. now owns 339,288 shares of the entertainment giant’s stock valued at $32,636,000 after acquiring an additional 8,915 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Walt Disney by 3.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,850,678 shares of the entertainment giant’s stock valued at $1,332,297,000 after acquiring an additional 454,678 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Up 1.9 %

Shares of NYSE:DIS opened at $117.60 on Friday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The firm has a market capitalization of $212.97 billion, a price-to-earnings ratio of 43.39, a price-to-earnings-growth ratio of 2.19 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. The business’s 50 day moving average price is $99.99 and its 200-day moving average price is $97.15.

Analyst Ratings Changes

DIS has been the topic of several recent analyst reports. Morgan Stanley upped their price objective on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Guggenheim upped their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Finally, Wells Fargo & Company increased their price target on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $123.83.

Insider Activity

In other news, EVP Brent Woodford sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 44,055 shares in the company, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Walt Disney Company 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.