Garner Asset Management Corp Sells 200 Shares of The Walt Disney Company (NYSE:DIS)

Garner Asset Management Corp trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 7.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,600 shares of the entertainment giant’s stock after selling 200 shares during the quarter. Garner Asset Management Corp’s holdings in Walt Disney were worth $250,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Hartford Funds Management Co LLC increased its holdings in shares of Walt Disney by 19.0% in the 3rd quarter. Hartford Funds Management Co LLC now owns 8,162 shares of the entertainment giant’s stock valued at $785,000 after acquiring an additional 1,304 shares during the period. SevenBridge Financial Group LLC boosted its position in Walt Disney by 9.0% during the third quarter. SevenBridge Financial Group LLC now owns 36,712 shares of the entertainment giant’s stock valued at $3,703,000 after purchasing an additional 3,024 shares in the last quarter. Larson Financial Group LLC grew its stake in Walt Disney by 36.0% in the third quarter. Larson Financial Group LLC now owns 14,796 shares of the entertainment giant’s stock valued at $1,423,000 after purchasing an additional 3,914 shares during the last quarter. Managed Asset Portfolios LLC grew its stake in Walt Disney by 77.8% in the third quarter. Managed Asset Portfolios LLC now owns 111,571 shares of the entertainment giant’s stock valued at $10,732,000 after purchasing an additional 48,836 shares during the last quarter. Finally, Okabena Investment Services Inc. raised its holdings in Walt Disney by 25.2% in the third quarter. Okabena Investment Services Inc. now owns 10,756 shares of the entertainment giant’s stock worth $1,035,000 after purchasing an additional 2,163 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.8 %

NYSE DIS opened at $115.65 on Friday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year 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. The company has a market capitalization of $209.44 billion, a PE ratio of 42.68, a P/E/G ratio of 2.13 and a beta of 1.40. The company has a fifty day moving average of $98.09 and a 200 day moving average of $96.78.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DIS shares. Sanford C. Bernstein lifted their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Barclays cut their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Morgan Stanley increased their price objective on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Evercore ISI boosted their target price on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, Guggenheim upped their target price on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. 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.com, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $123.83.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the firm’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 directly owns 226,767 shares in the company, valued at $25,980,695.19. The trade was a 62.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

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.