The Walt Disney Company (NYSE:DIS) Shares Acquired by Certified Advisory Corp

Certified Advisory Corp increased its holdings in The Walt Disney Company (NYSE:DIS) by 19.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,595 shares of the entertainment giant’s stock after buying an additional 2,330 shares during the period. Certified Advisory Corp’s holdings in Walt Disney were worth $1,404,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DIS. William B. Walkup & Associates Inc. bought a new position in Walt Disney in the 2nd quarter worth about $32,000. Mascoma Wealth Management LLC grew its position in Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 122 shares during the last quarter. First PREMIER Bank grew its position in Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares during the last quarter. Iron Horse Wealth Management LLC grew its position in Walt Disney by 148.7% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after purchasing an additional 333 shares during the last quarter. Finally, Livelsberger Financial Advisory bought a new position in Walt Disney in the 3rd quarter worth about $57,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DIS. Bank of America increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Wells Fargo & Company increased their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Guggenheim upped their price target on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, UBS Group reduced their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $123.83.

Insider Activity at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brent Woodford sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Walt Disney Stock Performance

NYSE:DIS opened at $115.66 on Friday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The firm’s fifty day simple moving average is $98.09 and its 200 day simple moving average is $96.84. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $209.45 billion, a PE ratio of 42.68, a PEG ratio of 2.13 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.