Independent Advisor Alliance Sells 719 Shares of The Walt Disney Company (NYSE:DIS)

Independent Advisor Alliance trimmed its stake in The Walt Disney Company (NYSE:DIS) by 1.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,774 shares of the entertainment giant’s stock after selling 719 shares during the period. Independent Advisor Alliance’s holdings in Walt Disney were worth $5,557,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Concentric Wealth Management LLC grew its position in shares of Walt Disney by 3.2% in the 3rd quarter. Concentric Wealth Management LLC now owns 31,981 shares of the entertainment giant’s stock valued at $3,076,000 after buying an additional 996 shares during the last quarter. Prosperity Financial Group Inc. raised its holdings in Walt Disney by 7.0% during the 3rd quarter. Prosperity Financial Group Inc. now owns 5,792 shares of the entertainment giant’s stock worth $557,000 after purchasing an additional 378 shares during the last quarter. Bank of Hawaii lifted its position in shares of Walt Disney by 2.6% in the 3rd quarter. Bank of Hawaii now owns 12,915 shares of the entertainment giant’s stock worth $1,242,000 after purchasing an additional 327 shares during the period. Douglass Winthrop Advisors LLC increased its position in shares of Walt Disney by 5.6% during the third quarter. Douglass Winthrop Advisors LLC now owns 22,784 shares of the entertainment giant’s stock worth $2,192,000 after buying an additional 1,214 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in Walt Disney by 8.8% during the third quarter. Daiwa Securities Group Inc. now owns 306,060 shares of the entertainment giant’s stock worth $29,440,000 after buying an additional 24,822 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Up 0.8 %

NYSE:DIS opened at $115.65 on Monday. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The firm has a 50-day moving average price of $98.09 and a two-hundred day moving average price of $96.72. 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 firm has a market cap of $209.44 billion, a price-to-earnings ratio of 42.68, a price-to-earnings-growth ratio of 2.15 and a beta of 1.40.

Analysts Set New Price Targets

A number of brokerages have weighed in on DIS. Macquarie increased their price target on Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” 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. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Morgan Stanley boosted their target price on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Five research 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 currently has an average rating of “Moderate Buy” and a consensus target price of $123.83.

Insider Activity at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,005,529.10. The trade was a 10.19 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

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.