Summit Trail Advisors LLC Decreases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Summit Trail Advisors LLC trimmed its stake in The Walt Disney Company (NYSE:DIS) by 39.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,032 shares of the entertainment giant’s stock after selling 10,341 shares during the period. Summit Trail Advisors LLC’s holdings in Walt Disney were worth $1,542,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Swedbank AB bought a new stake in shares of Walt Disney during the first quarter valued at approximately $493,715,000. Farallon Capital Management LLC bought a new stake in Walt Disney in the 2nd quarter valued at $355,673,000. International Assets Investment Management LLC boosted its holdings in shares of Walt Disney by 12,574.4% during the 3rd quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock valued at $329,585,000 after purchasing an additional 3,399,359 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Walt Disney by 114.4% in the third quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant’s stock worth $414,582,000 after purchasing an additional 2,298,921 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Walt Disney by 663.0% in the first quarter. Janus Henderson Group PLC now owns 1,897,850 shares of the entertainment giant’s stock worth $232,217,000 after buying an additional 1,649,115 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity

In other news, CEO Robert A. Iger sold 372,412 shares of the company’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 $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 owns 44,055 shares of the company’s stock, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DIS shares. Bank of America lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company raised their price objective on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Loop Capital increased their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Needham & Company LLC upped their price target on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Macquarie increased their price target on Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $123.83.

Walt Disney Price Performance

NYSE:DIS opened at $115.65 on Monday. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The stock has a 50 day moving average of $98.09 and a two-hundred 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 firm has a market cap of $209.44 billion, a P/E ratio of 42.68, a price-to-earnings-growth ratio of 2.13 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.