Brooklyn Investment Group Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Brooklyn Investment Group lowered its holdings in shares of The Walt Disney Company (NYSE:DIS) by 5.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,014 shares of the entertainment giant’s stock after selling 629 shares during the period. Brooklyn Investment Group’s holdings in Walt Disney were worth $1,059,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC lifted its stake in Walt Disney by 8.7% in the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after buying an additional 2,765,389 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its holdings in shares of Walt Disney by 25.7% in the third quarter. Horizon Kinetics Asset Management LLC now owns 5,704 shares of the entertainment giant’s stock worth $549,000 after acquiring an additional 1,167 shares during the last quarter. MSA Advisors LLC lifted its position in shares of Walt Disney by 12.1% in the third quarter. MSA Advisors LLC now owns 101,170 shares of the entertainment giant’s stock valued at $9,732,000 after acquiring an additional 10,930 shares in the last quarter. Bedell Frazier Investment Counselling LLC boosted its stake in shares of Walt Disney by 2.6% during the third quarter. Bedell Frazier Investment Counselling LLC now owns 83,033 shares of the entertainment giant’s stock valued at $7,987,000 after acquiring an additional 2,094 shares during the last quarter. Finally, Concentric Wealth Management LLC increased its position in Walt Disney by 3.2% during the 3rd quarter. Concentric Wealth Management LLC now owns 31,981 shares of the entertainment giant’s stock worth $3,076,000 after purchasing an additional 996 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on DIS. Piper Sandler began coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target on the stock. Barclays decreased their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Guggenheim boosted their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Morgan Stanley increased their price target on Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft lifted 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. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $123.83.

Insider Activity

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the business’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 owns 44,055 shares in the company, valued at $5,005,529.10. The trade was a 10.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % 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 Trading Down 0.2 %

NYSE:DIS opened at $115.76 on Tuesday. The business’s 50-day moving average is $98.57 and its two-hundred day moving average is $96.79. The firm has a market capitalization of $209.63 billion, a PE ratio of 42.80, a price-to-earnings-growth ratio of 2.15 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 company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67.

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.