Bedell Frazier Investment Counselling LLC Boosts Stake in The Walt Disney Company (NYSE:DIS)

Bedell Frazier Investment Counselling LLC grew its position in shares of The Walt Disney Company (NYSE:DIS) by 2.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 83,033 shares of the entertainment giant’s stock after acquiring an additional 2,094 shares during the period. Walt Disney comprises about 1.9% of Bedell Frazier Investment Counselling LLC’s holdings, making the stock its 17th largest holding. Bedell Frazier Investment Counselling LLC’s holdings in Walt Disney were worth $7,987,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Concurrent Investment Advisors LLC grew its holdings in shares of Walt Disney by 8.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock worth $6,420,000 after acquiring an additional 5,184 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Walt Disney by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant’s stock worth $1,001,454,000 after buying an additional 114,701 shares during the last quarter. Summit Global Investments grew its stake in shares of Walt Disney by 476.0% in the 3rd quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock worth $1,191,000 after buying an additional 10,230 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Walt Disney in the 3rd quarter worth approximately $14,079,000. Finally, Lmcg Investments LLC grew its stake in shares of Walt Disney by 18.6% in the 3rd quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock worth $14,174,000 after buying an additional 23,116 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

NYSE DIS opened at $115.65 on Monday. The business’s fifty day moving average price is $98.09 and its 200-day moving average price is $96.72. The stock has a market capitalization of $209.44 billion, a price-to-earnings ratio of 42.68, a PEG ratio of 2.15 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74.

Wall Street Analyst Weigh In

DIS has been the topic of several recent research reports. Bank of America upped their price target on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Raymond James restated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Loop Capital upped their price target on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Guggenheim upped their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, 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. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $123.83.

Insider Activity

In related news, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction 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 of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.