First Long Island Investors LLC Has $11.22 Million Holdings in The Walt Disney Company (NYSE:DIS)

First Long Island Investors LLC increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 64.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,684 shares of the entertainment giant’s stock after buying an additional 45,579 shares during the period. First Long Island Investors LLC’s holdings in Walt Disney were worth $11,224,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Concurrent Investment Advisors LLC raised its position 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 valued at $6,420,000 after acquiring an additional 5,184 shares during the period. Summit Global Investments increased its position in shares of Walt Disney by 476.0% in the 3rd 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 in the last quarter. Lmcg Investments LLC raised its stake in Walt Disney by 18.6% during the 3rd quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock worth $14,174,000 after buying an additional 23,116 shares during the period. American Assets Inc. bought a new position in Walt Disney during the third quarter worth about $962,000. Finally, ICICI Prudential Asset Management Co Ltd lifted its holdings in Walt Disney by 92.0% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 92,938 shares of the entertainment giant’s stock worth $8,940,000 after acquiring an additional 44,535 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Evercore ISI raised their price target on Walt Disney from $105.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Loop Capital cut their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Bank of America increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Piper Sandler assumed coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective on the stock. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $122.68.

Walt Disney Stock Up 3.4 %

Shares of NYSE DIS traded up $3.74 during trading hours on Friday, hitting $112.86. The company had a trading volume of 9,662,606 shares, compared to its average volume of 10,904,538. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The firm’s 50 day moving average is $95.03 and its 200-day moving average is $96.77. The stock has a market capitalization of $204.68 billion, a P/E ratio of 43.12, a price-to-earnings-growth ratio of 1.67 and a beta of 1.40.

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.