The Walt Disney Company (NYSE:DIS) Shares Bought by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina raised its stake in shares of The Walt Disney Company (NYSE:DIS – Get Rating) by 0.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 806,735 shares of the entertainment giant’s stock after acquiring an additional 3,100 shares during the period. Treasurer of the State of North Carolina’s holdings in Walt Disney were worth $76,099,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Worth Asset Management LLC acquired a new position in Walt Disney during the first quarter worth $29,000. Coston McIsaac & Partners acquired a new position in shares of Walt Disney during the second quarter valued at approximately $38,000. IAG Wealth Partners LLC lifted its stake in shares of Walt Disney by 167.5% in the third quarter. IAG Wealth Partners LLC now owns 412 shares of the entertainment giant’s stock worth $39,000 after buying an additional 258 shares in the last quarter. New Millennium Group LLC acquired a new position in shares of Walt Disney during the 2nd quarter worth approximately $55,000. Finally, PARK CIRCLE Co increased its holdings in shares of Walt Disney by 200.0% in the second quarter. PARK CIRCLE Co now owns 600 shares of the entertainment giant’s stock valued at $57,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 62.22% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DIS. JPMorgan Chase & Co. cut their price target on shares of Walt Disney from $145.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, November 9th. Barclays lowered their target price on Walt Disney from $105.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 9th. Royal Bank of Canada set a $130.00 price objective on Walt Disney in a research note on Monday, November 21st. The Goldman Sachs Group cut their target price on shares of Walt Disney from $137.00 to $118.00 and set a “buy” rating on the stock in a research note on Wednesday, November 9th. Finally, Moffett Nathanson upgraded shares of Walt Disney from a “market perform” rating to an “outperform” rating and set a $120.00 price target for the company in a research note on Monday, November 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.19.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 1,139 shares of the stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $105.71, for a total value of $120,403.69. Following the completion of the sale, the executive vice president now owns 32,047 shares of the company’s stock, valued at $3,387,688.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Christine M. Mccarthy sold 42,533 shares of the stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $98.46, for a total transaction of $4,187,799.18. Following the sale, the chief financial officer now owns 181,830 shares in the company, valued at $17,902,981.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brent Woodford sold 1,139 shares of the company’s stock in a transaction that occurred on Tuesday, January 24th. The shares were sold at an average price of $105.71, for a total value of $120,403.69. Following the transaction, the executive vice president now directly owns 32,047 shares of the company’s stock, valued at $3,387,688.37. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,782 shares of company stock valued at $6,091,313. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Stock Performance

NYSE DIS opened at $108.07 on Wednesday. The stock has a market cap of $197.42 billion, a price-to-earnings ratio of 63.08, a price-to-earnings-growth ratio of 2.25 and a beta of 1.22. The business has a fifty day moving average of $95.52 and a 200-day moving average of $101.54. The Walt Disney Company has a fifty-two week low of $84.07 and a fifty-two week high of $157.50. The company has a quick ratio of 0.94, a current ratio of 1.00 and a debt-to-equity ratio of 0.46.

Walt Disney (NYSE:DIS – Get Rating) last issued its earnings results on Tuesday, November 8th. The entertainment giant reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.20). The firm had revenue of $20.15 billion during the quarter, compared to analyst estimates of $21.10 billion. Walt Disney had a net margin of 3.80% and a return on equity of 6.96%. As a group, analysts predict that The Walt Disney Company will post 3.97 earnings per share for the current fiscal year.

About Walt Disney

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The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.