Mizuho Securities USA LLC Cuts Stock Position in The Walt Disney Company (NYSE:DIS)

Mizuho Securities USA LLC lowered its stake in The Walt Disney Company (NYSE:DIS) by 16.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 117,601 shares of the entertainment giant’s stock after selling 22,959 shares during the period. Mizuho Securities USA LLC’s holdings in Walt Disney were worth $11,312,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DIS. William B. Walkup & Associates Inc. purchased a new stake in shares of Walt Disney in the 2nd quarter worth approximately $32,000. Mascoma Wealth Management LLC grew its stake in shares of Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after buying an additional 122 shares during the last quarter. First PREMIER Bank grew its stake in shares of 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 buying an additional 256 shares during the last quarter. Iron Horse Wealth Management LLC grew its stake in shares of Walt Disney by 148.7% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after buying an additional 333 shares during the last quarter. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Walt Disney in the 3rd quarter worth approximately $57,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on DIS. Piper Sandler began coverage on Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price on the stock. TD Cowen increased their target price on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Macquarie increased their target price on Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. cut their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $123.83.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $114.27 on Thursday. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The stock’s fifty day moving average is $97.07 and its 200 day moving average is $96.72. The stock has a market cap of $206.94 billion, a P/E ratio of 42.17, a P/E/G ratio of 2.09 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.

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.