Noesis Capital Mangement Corp Buys 970 Shares of The Walt Disney Company (NYSE:DIS)

Noesis Capital Mangement Corp boosted its position in shares of The Walt Disney Company (NYSE:DIS) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 79,392 shares of the entertainment giant’s stock after buying an additional 970 shares during the quarter. Walt Disney makes up approximately 1.5% of Noesis Capital Mangement Corp’s holdings, making the stock its 27th largest holding. Noesis Capital Mangement Corp’s holdings in Walt Disney were worth $7,637,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Quent Capital LLC increased its position in Walt Disney by 4.4% in the first quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock worth $950,000 after purchasing an additional 327 shares during the period. Strategic Wealth Partners Ltd. grew its position in shares of Walt Disney by 8.7% during the 1st quarter. Strategic Wealth Partners Ltd. now owns 6,580 shares of the entertainment giant’s stock worth $805,000 after buying an additional 524 shares during the period. Independent Wealth Network Inc. bought a new stake in shares of Walt Disney during the first quarter worth approximately $215,000. Beck Bode LLC acquired a new position in Walt Disney in the first quarter valued at approximately $214,000. Finally, Northwest Bank & Trust Co boosted its stake in Walt Disney by 5.4% in the first quarter. Northwest Bank & Trust Co now owns 4,663 shares of the entertainment giant’s stock valued at $571,000 after acquiring an additional 237 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on DIS shares. Bank of America upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Needham & Company LLC increased their target price on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. TD Cowen raised their target price on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a report on Friday, November 15th. Evercore ISI upped their price target on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Finally, Loop Capital lifted their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $123.83.

Walt Disney Trading Up 1.9 %

NYSE DIS opened at $117.61 on Thursday. The stock has a market capitalization of $212.98 billion, a price-to-earnings ratio of 43.40, a PEG ratio of 2.16 and a beta of 1.40. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The stock’s 50 day moving average price is $99.51 and its two-hundred day moving average price is $97.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the sale, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % 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 corporate insiders.

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.