Verdence Capital Advisors LLC Has $671,000 Position in The Walt Disney Company (NYSE:DIS)

Verdence Capital Advisors LLC lessened its position in The Walt Disney Company (NYSE:DIS) by 4.9% during the 3rd quarter, Holdings Channel reports. The firm owned 6,979 shares of the entertainment giant’s stock after selling 361 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Walt Disney were worth $671,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Corrado Advisors LLC grew its stake in Walt Disney by 15.9% during the third quarter. Corrado Advisors LLC now owns 17,794 shares of the entertainment giant’s stock worth $1,712,000 after buying an additional 2,442 shares during the last quarter. Townsend & Associates Inc grew its position in Walt Disney by 3.9% during the 3rd quarter. Townsend & Associates Inc now owns 146,164 shares of the entertainment giant’s stock worth $14,067,000 after acquiring an additional 5,458 shares during the last quarter. Beta Wealth Group Inc. increased its holdings in Walt Disney by 7.2% during the 3rd quarter. Beta Wealth Group Inc. now owns 56,808 shares of the entertainment giant’s stock valued at $5,464,000 after purchasing an additional 3,822 shares in the last quarter. Rovin Capital UT ADV raised its position in Walt Disney by 75.4% in the 3rd quarter. Rovin Capital UT ADV now owns 7,296 shares of the entertainment giant’s stock valued at $702,000 after purchasing an additional 3,137 shares during the last quarter. Finally, United Bank boosted its stake in Walt Disney by 6.2% in the third quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock worth $1,168,000 after purchasing an additional 712 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 price target on shares of Walt Disney in a report on Wednesday, October 23rd. Wells Fargo & Company dropped their target price on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Morgan Stanley decreased their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Macquarie dropped their price objective on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Finally, JPMorgan Chase & Co. reduced their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Four analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $118.05.

Walt Disney Stock Up 0.1 %

Walt Disney stock opened at $99.02 on Monday. The firm has a market capitalization of $179.58 billion, a price-to-earnings ratio of 38.08, a PEG ratio of 1.57 and a beta of 1.40. The company’s 50 day simple moving average is $93.90 and its 200 day simple moving average is $96.93. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

Walt Disney 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.