The Walt Disney Company (NYSE:DIS) Shares Purchased by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC lifted its stake in The Walt Disney Company (NYSE:DIS) by 65.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,389 shares of the entertainment giant’s stock after acquiring an additional 26,590 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Walt Disney were worth $6,482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. William B. Walkup & Associates Inc. bought a new position in Walt Disney during the 2nd quarter valued at $32,000. Mascoma Wealth Management LLC grew 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 raised its position in Walt Disney by 98.1% in 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 in the last quarter. Iron Horse Wealth Management LLC lifted its holdings 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 last quarter. Finally, Livelsberger Financial Advisory acquired a new position in shares of Walt Disney in the 3rd quarter worth approximately $57,000. 65.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on DIS. Piper Sandler began coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price for the company. Morgan Stanley increased their price objective on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday. Guggenheim boosted their target price on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Company upped their target price on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday. Finally, TD Cowen lifted their price target on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $123.83.

Walt Disney Stock Down 1.3 %

DIS opened at $113.55 on Tuesday. The company has a market capitalization of $205.63 billion, a PE ratio of 41.90, a price-to-earnings-growth ratio of 1.85 and a beta of 1.40. 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 Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The business has a 50-day moving average of $96.07 and a 200-day moving average of $96.60.

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.