The Walt Disney Company (NYSE:DIS) Shares Sold by Associated Banc Corp

Associated Banc Corp lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 4.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 80,459 shares of the entertainment giant’s stock after selling 3,432 shares during the quarter. Associated Banc Corp’s holdings in Walt Disney were worth $7,739,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several analysts have weighed in on DIS shares. Evercore ISI lifted their target price on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Wells Fargo & Company upped their price objective 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. Barclays dropped their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Needham & Company LLC boosted their price objective 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, Piper Sandler began coverage on Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price on the stock. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $123.83.

Insider Buying and Selling at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Brent Woodford sold 5,000 shares of Walt Disney 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 in the company, valued at approximately $5,005,529.10. This 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 Stock Up 0.4 %

DIS stock traded up $0.48 during mid-day trading on Monday, hitting $116.13. The stock had a trading volume of 1,216,040 shares, compared to its average volume of 10,965,879. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a fifty day moving average of $98.09 and a 200 day moving average of $96.72. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $210.30 billion, a price-to-earnings ratio of 42.68, a PEG ratio of 2.15 and a beta of 1.40.

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.