Eagle Asset Management Inc. Grows Stock Position in The Walt Disney Company (NYSE:DIS)

Eagle Asset Management Inc. boosted its position in shares of The Walt Disney Company (NYSE:DIS) by 49.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,000 shares of the entertainment giant’s stock after buying an additional 4,947 shares during the quarter. Eagle Asset Management Inc.’s holdings in Walt Disney were worth $1,485,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Quent Capital LLC raised its holdings in shares of Walt Disney by 4.4% in the first quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock worth $950,000 after buying an additional 327 shares during the period. Kennedy Capital Management LLC bought a new stake in shares of Walt Disney during the first quarter worth $5,903,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of Walt Disney during the first quarter valued at $540,000. Comerica Bank grew its holdings in shares of Walt Disney by 2.3% in the first quarter. Comerica Bank now owns 496,574 shares of the entertainment giant’s stock worth $60,761,000 after purchasing an additional 11,080 shares during the last quarter. Finally, Hancock Whitney Corp increased its stake in Walt Disney by 5.2% in the 1st quarter. Hancock Whitney Corp now owns 13,379 shares of the entertainment giant’s stock worth $1,637,000 after buying an additional 666 shares during the period. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on DIS. Guggenheim upped their target price on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Barclays dropped their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Bank of America lifted their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Wells Fargo & Company increased their price target on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Loop Capital lifted their price objective on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, November 15th. Five 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $123.83.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert A. Iger sold 372,412 shares of the 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 in the company, valued at $25,980,695.19. This represents 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 owned by company insiders.

Walt Disney Price Performance

Shares of NYSE DIS opened at $116.00 on Tuesday. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. 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 company has a market cap of $210.07 billion, a PE ratio of 42.80, a P/E/G ratio of 2.15 and a beta of 1.40. The business has a 50-day simple moving average of $98.57 and a two-hundred day simple moving average of $96.79.

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.