The Walt Disney Company (NYSE:DIS) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 36.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,796 shares of the entertainment giant’s stock after purchasing an additional 3,914 shares during the period. Larson Financial Group LLC’s holdings in Walt Disney were worth $1,423,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. William B. Walkup & Associates Inc. acquired a new position in Walt Disney in the 2nd quarter worth approximately $32,000. Mascoma Wealth Management LLC raised its position in Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 122 shares during the period. First PREMIER Bank lifted its stake in Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after acquiring an additional 256 shares in the last quarter. Iron Horse Wealth Management LLC grew 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 valued at $55,000 after acquiring an additional 333 shares in the last quarter. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Walt Disney in the third quarter worth approximately $57,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. TD Cowen increased their price objective on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a report on Friday, November 15th. Morgan Stanley lifted their target price on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.83.

Walt Disney Trading Up 0.8 %

Shares of NYSE DIS opened at $115.65 on Monday. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a 50-day moving average of $98.09 and a two-hundred day moving average of $96.72. The company has a market cap of $209.44 billion, a PE ratio of 42.68, a P/E/G ratio of 2.13 and a beta of 1.40. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37.

Insider Buying and Selling

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

About Walt Disney

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.