First Horizon Advisors Inc. Sells 548 Shares of The Walt Disney Company (NYSE:DIS)

First Horizon Advisors Inc. lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,740 shares of the entertainment giant’s stock after selling 548 shares during the quarter. First Horizon Advisors Inc.’s holdings in Walt Disney were worth $1,899,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC raised its holdings in shares of Walt Disney by 8.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock worth $6,420,000 after purchasing an additional 5,184 shares during the period. Summit Global Investments raised its stake in shares of Walt Disney by 476.0% in the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock valued at $1,191,000 after buying an additional 10,230 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Walt Disney during the 3rd quarter valued at $14,079,000. Lmcg Investments LLC increased its holdings in Walt Disney by 18.6% in the 3rd quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock worth $14,174,000 after acquiring an additional 23,116 shares during the last quarter. Finally, American Assets Inc. bought a new stake in Walt Disney in the 3rd quarter valued at about $962,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DIS shares. Sanford C. Bernstein lifted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. TD Cowen increased their target price on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft lifted their price target on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Barclays dropped their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $123.83.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $114.27 on Thursday. The stock has a market capitalization of $206.94 billion, a price-to-earnings ratio of 42.17, a price-to-earnings-growth ratio of 1.85 and a beta of 1.40. The company has a fifty day moving average of $97.07 and a 200-day moving average of $96.72. 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.

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.