The Walt Disney Company (NYSE:DIS) Position Lowered by Glenmede Trust Co. NA

Glenmede Trust Co. NA reduced its position in The Walt Disney Company (NYSE:DIS) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 249,083 shares of the entertainment giant’s stock after selling 4,937 shares during the quarter. Glenmede Trust Co. NA’s holdings in Walt Disney were worth $23,959,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DIS. Quent Capital LLC boosted its holdings in shares of Walt Disney by 4.4% in the 1st quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock valued at $950,000 after buying an additional 327 shares during the period. Strategic Wealth Partners Ltd. lifted its holdings in Walt Disney by 8.7% in the first quarter. Strategic Wealth Partners Ltd. now owns 6,580 shares of the entertainment giant’s stock worth $805,000 after acquiring an additional 524 shares during the last quarter. Independent Wealth Network Inc. acquired a new position in Walt Disney in the first quarter valued at approximately $215,000. Beck Bode LLC bought a new position in shares of Walt Disney during the first quarter valued at approximately $214,000. Finally, Northwest Bank & Trust Co raised its position in shares of Walt Disney by 5.4% during the 1st quarter. Northwest Bank & Trust Co now owns 4,663 shares of the entertainment giant’s stock worth $571,000 after purchasing an additional 237 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DIS. Deutsche Bank Aktiengesellschaft boosted their price objective on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Bank of America boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. JPMorgan Chase & Co. dropped their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Macquarie lifted 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. Finally, Evercore ISI upped their target price on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $123.83.

Insider Activity

In other 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 completion of the sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 44,055 shares in the company, valued at $5,005,529.10. The trade was 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 Stock Up 1.9 %

DIS stock opened at $117.61 on Thursday. 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 firm has a market cap of $212.98 billion, a PE ratio of 43.40, a P/E/G ratio of 2.16 and a beta of 1.40. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The firm has a 50 day simple moving average of $99.51 and a 200 day simple moving average of $97.00.

Walt Disney 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.