The Walt Disney Company (NYSE:DIS) CEO Sells $42,667,242.84 in Stock

The Walt Disney Company (NYSE:DIS) CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Walt Disney Trading Up 0.8 %

Shares of DIS stock opened at $115.65 on Monday. 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 Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company has a market capitalization of $209.44 billion, a P/E ratio of 42.68, a price-to-earnings-growth ratio of 2.13 and a beta of 1.40. The business’s 50 day moving average is $98.09 and its two-hundred day moving average is $96.72.

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent research reports. Morgan Stanley lifted their price target on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Sanford C. Bernstein lifted their price target on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Piper Sandler initiated coverage on Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Evercore ISI lifted their price target on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Macquarie lifted their price target on Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $123.83.

Institutional Trading of Walt Disney

A number of institutional investors have recently modified their holdings of the business. Boyar Asset Management Inc. boosted its stake in shares of Walt Disney by 1.7% in the third quarter. Boyar Asset Management Inc. now owns 33,280 shares of the entertainment giant’s stock valued at $3,201,000 after buying an additional 551 shares in the last quarter. Eaton Financial Holdings Company LLC acquired a new position in Walt Disney during the third quarter worth $660,000. Saratoga Research & Investment Management raised its holdings in Walt Disney by 18.8% during the third quarter. Saratoga Research & Investment Management now owns 1,536,008 shares of the entertainment giant’s stock worth $147,749,000 after purchasing an additional 242,675 shares during the last quarter. Te Ahumairangi Investment Management Ltd raised its holdings in Walt Disney by 28.3% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 37,123 shares of the entertainment giant’s stock worth $3,551,000 after purchasing an additional 8,180 shares during the last quarter. Finally, Second Line Capital LLC acquired a new position in Walt Disney during the third quarter worth $244,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

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.