The Walt Disney Company (NYSE:DIS) Shares Sold by Hilltop Holdings Inc.

Hilltop Holdings Inc. lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,845 shares of the entertainment giant’s stock after selling 147 shares during the quarter. Hilltop Holdings Inc.’s holdings in Walt Disney were worth $2,294,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. William B. Walkup & Associates Inc. acquired a new stake in Walt Disney in the 2nd quarter valued at about $32,000. Mascoma Wealth Management LLC grew its position in shares of Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 122 shares in the last quarter. First PREMIER Bank increased its holdings in shares of Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 256 shares during the last quarter. FSA Wealth Management LLC purchased a new position in Walt Disney during the third quarter worth approximately $51,000. Finally, Iron Horse Wealth Management LLC boosted its stake in Walt Disney by 148.7% during the second 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. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 0.3 %

NYSE:DIS opened at $117.16 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The stock’s 50 day moving average price is $100.46 and its 200 day moving average price is $97.17. The company has a market capitalization of $212.17 billion, a PE ratio of 43.23, a P/E/G ratio of 2.18 and a beta of 1.42.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $22.57 billion for the quarter, compared to analysts’ expectations of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 EPS. On average, research analysts anticipate that The Walt Disney Company will post 5.38 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DIS shares. Deutsche Bank Aktiengesellschaft raised their target price on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Piper Sandler started coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target for the company. Wells Fargo & Company raised their price target on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Morgan Stanley upped their price objective on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Five 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. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.83.

Insider Activity

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,005,529.10. This trade represents a 10.19 % 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.