FSA Wealth Management LLC Makes New $51,000 Investment in The Walt Disney Company (NYSE:DIS)

FSA Wealth Management LLC purchased a new position in The Walt Disney Company (NYSE:DIS) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 528 shares of the entertainment giant’s stock, valued at approximately $51,000.

Several other institutional investors and hedge funds have also made changes to their positions in DIS. Farallon Capital Management LLC acquired a new position in shares of Walt Disney in the second quarter valued at about $355,673,000. International Assets Investment Management LLC boosted its position in Walt Disney by 12,574.4% in the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock valued at $329,585,000 after buying an additional 3,399,359 shares during the last quarter. FMR LLC increased its holdings in Walt Disney by 8.7% in the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock worth $3,310,539,000 after buying an additional 2,765,389 shares during the period. Van ECK Associates Corp raised its position in Walt Disney by 114.4% during the 3rd quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant’s stock worth $414,582,000 after buying an additional 2,298,921 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Walt Disney by 10.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock valued at $1,477,831,000 after acquiring an additional 1,449,730 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Down 0.1 %

DIS stock opened at $117.47 on Monday. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The business’s 50-day moving average is $100.46 and its 200 day moving average is $97.17. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The stock has a market cap of $212.73 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 2.18 and a beta of 1.40.

Analyst Ratings Changes

A number of research firms have recently weighed in on DIS. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Evercore ISI boosted their price objective on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Needham & Company LLC raised their target price on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, UBS Group reduced their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $123.83.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the firm’s 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 in the company, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney 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 sale, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.