Avestar Capital LLC Has $1.34 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Avestar Capital LLC raised its stake in shares of The Walt Disney Company (NYSE:DIS) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,889 shares of the entertainment giant’s stock after purchasing an additional 653 shares during the quarter. Avestar Capital LLC’s holdings in Walt Disney were worth $1,336,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Quent Capital LLC boosted its stake in Walt Disney by 4.4% during the first quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock worth $950,000 after buying an additional 327 shares in the last quarter. Kennedy Capital Management LLC bought a new stake in Walt Disney in the first quarter valued at about $5,903,000. Coppell Advisory Solutions Corp. acquired a new position in Walt Disney in the first quarter worth about $540,000. Comerica Bank lifted its stake in Walt Disney by 2.3% during the first quarter. Comerica Bank now owns 496,574 shares of the entertainment giant’s stock worth $60,761,000 after purchasing an additional 11,080 shares during the period. Finally, Hancock Whitney Corp boosted its holdings in Walt Disney by 5.2% during the first quarter. Hancock Whitney Corp now owns 13,379 shares of the entertainment giant’s stock valued at $1,637,000 after purchasing an additional 666 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Down 0.2 %

Shares of Walt Disney stock opened at $115.76 on Tuesday. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The business’s 50 day simple moving average is $98.57 and its 200 day simple moving average is $96.79. The firm has a market cap of $209.63 billion, a PE ratio of 42.80, a P/E/G ratio of 2.15 and a beta of 1.40.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Raymond James restated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Macquarie raised their price target on Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, November 15th. TD Cowen boosted their price objective on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. reduced their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, UBS Group decreased their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Five investment 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 stock. Based on data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.83.

Insider Transactions at Walt Disney

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 transaction of $42,667,242.84. Following the sale, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Brent Woodford sold 5,000 shares of the 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 of the company’s stock, 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 currently owned by insiders.

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.