Brown Brothers Harriman & Co. Trims Holdings in The Walt Disney Company (NYSE:DIS)

Brown Brothers Harriman & Co. reduced its stake in The Walt Disney Company (NYSE:DIS) by 4.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,184 shares of the entertainment giant’s stock after selling 1,888 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Walt Disney were worth $3,961,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. William B. Walkup & Associates Inc. acquired a new position in Walt Disney during the 2nd quarter worth about $32,000. Mascoma Wealth Management LLC lifted its position in shares of Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 122 shares in the last quarter. First PREMIER Bank boosted its stake 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 period. Iron Horse Wealth Management LLC grew its holdings in shares of Walt Disney by 148.7% in the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after purchasing an additional 333 shares in the last quarter. Finally, Livelsberger Financial Advisory acquired a new stake in Walt Disney during the 3rd quarter worth approximately $57,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Robert A. Iger sold 372,412 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $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 is available at 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 shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares in the company, 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 owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. UBS Group reduced their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC increased their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Macquarie lifted their price objective on Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Loop Capital upped their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Barclays decreased their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Five 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.83.

Walt Disney Trading Up 0.3 %

Shares of Walt Disney stock opened at $116.00 on Tuesday. The company has a 50-day moving average of $98.57 and a two-hundred day moving average of $96.79. The stock has a market cap of $210.07 billion, a PE ratio of 42.80, a price-to-earnings-growth ratio of 2.15 and a beta of 1.40. 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 Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74.

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.