Chesapeake Wealth Management Sells 290 Shares of The Walt Disney Company (NYSE:DIS)

Chesapeake Wealth Management decreased its stake in shares of The Walt Disney Company (NYSE:DIS) by 7.1% in the 3rd quarter, Holdings Channel reports. The fund owned 3,808 shares of the entertainment giant’s stock after selling 290 shares during the quarter. Chesapeake Wealth Management’s holdings in Walt Disney were worth $366,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DIS. William B. Walkup & Associates Inc. bought a new stake in Walt Disney in the 2nd quarter valued at about $32,000. Mascoma Wealth Management LLC increased its position in Walt Disney by 38.0% during 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 in the last quarter. First PREMIER Bank increased its position in Walt Disney by 98.1% during 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 in the last quarter. Iron Horse Wealth Management LLC increased 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 valued at $55,000 after acquiring an additional 333 shares during the period. Finally, Livelsberger Financial Advisory acquired a new position in Walt Disney in the 3rd quarter valued at approximately $57,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Performance

Walt Disney stock 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 stock has a market cap of $205.63 billion, a price-to-earnings ratio of 41.90, a price-to-earnings-growth ratio of 1.85 and a beta of 1.40. The firm has a 50 day simple moving average of $96.07 and a 200-day simple moving average of $96.60. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DIS shares. Macquarie increased their price objective on shares of Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday. Piper Sandler initiated coverage on shares of Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price for the company. TD Cowen increased their target price on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday. Barclays decreased their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Needham & Company LLC lifted their target price on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday. Five 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.