Wrapmanager Inc. Increases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Wrapmanager Inc. grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 29.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,517 shares of the entertainment giant’s stock after buying an additional 1,261 shares during the period. Wrapmanager Inc.’s holdings in Walt Disney were worth $531,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Transcendent Capital Group LLC grew its stake in Walt Disney by 1.4% during the 1st quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock worth $968,000 after purchasing an additional 108 shares in the last quarter. Connable Office Inc. grew its stake in Walt Disney by 0.3% during the 3rd quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant’s stock worth $3,371,000 after purchasing an additional 108 shares in the last quarter. ADE LLC grew its stake in Walt Disney by 4.6% during the 2nd quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock worth $249,000 after purchasing an additional 110 shares in the last quarter. Cozad Asset Management Inc. grew its stake in Walt Disney by 1.9% during the 3rd quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock worth $579,000 after purchasing an additional 110 shares in the last quarter. Finally, Absher Wealth Management LLC grew its stake in Walt Disney by 0.8% during the 3rd quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant’s stock worth $1,360,000 after purchasing an additional 111 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Down 1.3 %

DIS opened at $113.55 on Tuesday. 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 business has a 50 day simple moving average of $96.07 and a 200-day simple moving average of $96.60. The stock has a market capitalization of $205.63 billion, a P/E ratio of 41.90, a P/E/G ratio of 1.85 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.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. UBS Group dropped their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company increased their price objective on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Finally, TD Cowen raised their price target on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday. Five equities 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $123.83.

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.