Independent Advisor Alliance Has $5.56 Million Stock Position in 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 the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,774 shares of the entertainment giant’s stock after selling 719 shares during the quarter. Independent Advisor Alliance’s holdings in Walt Disney were worth $5,557,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Quent Capital LLC increased its stake in shares of Walt Disney by 4.4% during the 1st quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock worth $950,000 after purchasing an additional 327 shares during the last quarter. Waverly Advisors LLC grew its holdings in Walt Disney by 51.3% during the first quarter. Waverly Advisors LLC now owns 24,680 shares of the entertainment giant’s stock worth $3,020,000 after purchasing an additional 8,366 shares during the period. Kennedy Capital Management LLC acquired a new position in Walt Disney during the first quarter worth approximately $5,903,000. Janus Henderson Group PLC lifted its position in shares of Walt Disney by 663.0% in the first quarter. Janus Henderson Group PLC now owns 1,897,850 shares of the entertainment giant’s stock valued at $232,217,000 after buying an additional 1,649,115 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. boosted its stake in shares of Walt Disney by 3.8% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 8,714 shares of the entertainment giant’s stock worth $1,066,000 after acquiring an additional 322 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Up 0.8 %

Shares of DIS stock opened at $115.65 on Monday. 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 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 market cap of $209.44 billion, a PE ratio of 42.68, a P/E/G ratio of 2.15 and a beta of 1.40. The stock’s fifty day moving average price is $98.09 and its two-hundred day moving average price is $96.72.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DIS shares. Raymond James restated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Macquarie increased their price objective on shares of Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Loop Capital lifted their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Piper Sandler began coverage on shares of Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Five equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.83.

Insider Activity at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction that occurred on Friday, November 22nd. The shares were 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 of the company’s stock, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the transaction, the executive vice president now directly 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 disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

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.