Main Street Financial Solutions LLC Lowers Stock Holdings in The Walt Disney Company (NYSE:DIS)

Main Street Financial Solutions LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 10.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,920 shares of the entertainment giant’s stock after selling 900 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Walt Disney were worth $762,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Schrum Private Wealth Management LLC grew its holdings in Walt Disney by 53.3% during the 3rd quarter. Schrum Private Wealth Management LLC now owns 7,390 shares of the entertainment giant’s stock worth $711,000 after acquiring an additional 2,570 shares in the last quarter. ICICI Prudential Asset Management Co Ltd boosted its position in Walt Disney by 92.0% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 92,938 shares of the entertainment giant’s stock valued at $8,940,000 after acquiring an additional 44,535 shares in the last quarter. Kovack Advisors Inc. increased its holdings in shares of Walt Disney by 27.6% in the 3rd quarter. Kovack Advisors Inc. now owns 16,848 shares of the entertainment giant’s stock valued at $1,621,000 after acquiring an additional 3,642 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Walt Disney by 28.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 292,550 shares of the entertainment giant’s stock worth $28,140,000 after acquiring an additional 63,910 shares in the last quarter. Finally, OLD Second National Bank of Aurora lifted its stake in shares of Walt Disney by 0.8% during the 3rd quarter. OLD Second National Bank of Aurora now owns 19,673 shares of the entertainment giant’s stock worth $1,892,000 after purchasing an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $102.67 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The business has a 50 day simple moving average of $94.35 and a two-hundred day simple moving average of $96.65. The stock has a market capitalization of $186.20 billion, a P/E ratio of 39.49, a PEG ratio of 1.64 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.

Wall Street Analyst Weigh In

DIS has been the subject of several analyst reports. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Loop Capital reduced their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Piper Sandler initiated coverage on Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective for the company. UBS Group reduced their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Bank of America cut their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Four analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.14.

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.