Iat Reinsurance Co. LTD. Raises Stock Position in The Walt Disney Company (NYSE:DIS)

Iat Reinsurance Co. LTD. boosted its holdings in The Walt Disney Company (NYSE:DISGet Rating) by 289.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 89,825 shares of the entertainment giant’s stock after buying an additional 66,755 shares during the period. Walt Disney accounts for approximately 1.6% of Iat Reinsurance Co. LTD.’s holdings, making the stock its 14th biggest position. Iat Reinsurance Co. LTD.’s holdings in Walt Disney were worth $8,473,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Walt Disney by 8.6% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 427,503 shares of the entertainment giant’s stock valued at $40,356,000 after purchasing an additional 33,857 shares during the last quarter. Congress Park Capital LLC boosted its holdings in shares of Walt Disney by 8.7% during the 3rd quarter. Congress Park Capital LLC now owns 19,408 shares of the entertainment giant’s stock valued at $1,831,000 after purchasing an additional 1,557 shares during the last quarter. Webster Bank N. A. boosted its holdings in shares of Walt Disney by 1.8% during the 3rd quarter. Webster Bank N. A. now owns 35,893 shares of the entertainment giant’s stock valued at $3,386,000 after purchasing an additional 624 shares during the last quarter. Calamos Advisors LLC boosted its holdings in shares of Walt Disney by 2.1% during the 2nd quarter. Calamos Advisors LLC now owns 760,404 shares of the entertainment giant’s stock valued at $71,782,000 after purchasing an additional 15,469 shares during the last quarter. Finally, Middleton & Co. Inc. MA boosted its holdings in shares of Walt Disney by 0.4% during the 2nd quarter. Middleton & Co. Inc. MA now owns 35,377 shares of the entertainment giant’s stock valued at $3,340,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 62.22% of the company’s stock.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 18,110 shares of the firm’s stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $98.46, for a total value of $1,783,110.60. Following the completion of the sale, the executive vice president now directly owns 33,186 shares in the company, valued at $3,267,493.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Walt Disney news, CFO Christine M. Mccarthy sold 42,533 shares of the firm’s stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $98.46, for a total value of $4,187,799.18. Following the completion of the sale, the chief financial officer now directly owns 181,830 shares in the company, valued at $17,902,981.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Brent Woodford sold 18,110 shares of the firm’s stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $98.46, for a total transaction of $1,783,110.60. Following the completion of the sale, the executive vice president now owns 33,186 shares of the company’s stock, valued at $3,267,493.56. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Walt Disney Stock Performance

Shares of DIS stock opened at $104.89 on Wednesday. The firm has a market cap of $191.28 billion, a price-to-earnings ratio of 61.63, a PEG ratio of 2.21 and a beta of 1.22. The company’s 50 day moving average is $94.07 and its 200 day moving average is $101.01. The company has a quick ratio of 0.94, a current ratio of 1.00 and a debt-to-equity ratio of 0.46. The Walt Disney Company has a 52-week low of $84.07 and a 52-week high of $157.50.

Walt Disney (NYSE:DISGet Rating) last issued its quarterly earnings data on Tuesday, November 8th. The entertainment giant reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.20). The business had revenue of $20.15 billion for the quarter, compared to analysts’ expectations of $21.10 billion. Walt Disney had a net margin of 3.80% and a return on equity of 6.96%. On average, sell-side analysts anticipate that The Walt Disney Company will post 3.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Moffett Nathanson raised shares of Walt Disney from a “market perform” rating to an “outperform” rating and set a $120.00 price objective for the company in a report on Monday, November 21st. StockNews.com downgraded shares of Walt Disney from a “hold” rating to a “sell” rating in a report on Thursday, November 10th. Rosenblatt Securities lowered their price target on shares of Walt Disney from $134.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, November 9th. Bank of America lowered their price target on shares of Walt Disney from $144.00 to $127.00 and set a “buy” rating for the company in a report on Friday, September 30th. Finally, Wells Fargo & Company lowered their price target on shares of Walt Disney from $145.00 to $125.00 in a report on Wednesday, November 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $128.74.

About Walt Disney

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The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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