Ceera Investments LLC Sells 474 Shares of The Walt Disney Company (NYSE:DIS)

Ceera Investments LLC reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,886 shares of the entertainment giant’s stock after selling 474 shares during the quarter. Ceera Investments LLC’s holdings in Walt Disney were worth $1,239,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. William B. Walkup & Associates Inc. bought a new position in shares of Walt Disney in the second quarter valued at approximately $32,000. Mascoma Wealth Management LLC lifted its holdings in Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares during the period. First PREMIER Bank lifted its holdings in Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after acquiring an additional 256 shares during the period. Iron Horse Wealth Management LLC lifted its holdings in Walt Disney by 148.7% during the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after acquiring an additional 333 shares during the period. Finally, Livelsberger Financial Advisory bought a new stake in Walt Disney during the third quarter worth $57,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DIS has been the topic of several research reports. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Piper Sandler began coverage on Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target for the company. Guggenheim lifted their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. reduced their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Needham & Company LLC lifted their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.57.

Walt Disney Price Performance

Shares of DIS opened at $115.08 on Friday. The company’s fifty day moving average price is $95.57 and its 200-day moving average price is $96.69. The firm has a market capitalization of $208.71 billion, a PE ratio of 42.46, a price-to-earnings-growth ratio of 1.87 and a beta of 1.40. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.66.

Walt Disney 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.