Mizuho Securities USA LLC Increases Stake in The Walt Disney Company (NYSE:DIS)

Mizuho Securities USA LLC lifted its stake in The Walt Disney Company (NYSE:DIS) by 2.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,684 shares of the entertainment giant’s stock after purchasing an additional 4,124 shares during the period. Mizuho Securities USA LLC’s holdings in Walt Disney were worth $13,917,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Concurrent Investment Advisors LLC lifted its holdings in Walt Disney by 8.4% during the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after purchasing an additional 5,184 shares in the last quarter. Summit Global Investments boosted its holdings in Walt Disney by 476.0% in the 3rd quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock worth $1,191,000 after buying an additional 10,230 shares during the period. Lmcg Investments LLC boosted 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 buying an additional 23,116 shares during the period. American Assets Inc. bought a new stake in Walt Disney during the third quarter valued at about $962,000. Finally, ICICI Prudential Asset Management Co Ltd lifted its position in shares of Walt Disney by 92.0% in the third 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. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Up 5.5 %

NYSE:DIS opened at $115.08 on Friday. The company has a market cap of $208.71 billion, a price-to-earnings ratio of 44.26, a price-to-earnings-growth ratio of 1.67 and a beta of 1.40. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $95.57 and a 200-day simple moving average of $96.69.

Analyst Ratings Changes

Several research firms recently issued reports on DIS. Macquarie increased their target price on Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday. Evercore ISI lifted their price objective on shares of Walt Disney from $105.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Barclays dropped their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Piper Sandler started coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average price target of $123.57.

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.