Oak Harbor Wealth Partners LLC Grows Position in The Walt Disney Company (NYSE:DIS)

Oak Harbor Wealth Partners LLC raised its position in shares of The Walt Disney Company (NYSE:DIS) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,538 shares of the entertainment giant’s stock after buying an additional 115 shares during the quarter. Oak Harbor Wealth Partners LLC’s holdings in Walt Disney were worth $1,591,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DIS. Capital World Investors grew its holdings in Walt Disney by 3,332.4% during the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after buying an additional 6,084,993 shares in the last quarter. Swedbank AB purchased a new position in Walt Disney during the 1st quarter valued at approximately $493,715,000. Farallon Capital Management LLC purchased a new position in Walt Disney during the 2nd quarter valued at approximately $355,673,000. Ontario Teachers Pension Plan Board purchased a new position in Walt Disney during the 1st quarter valued at approximately $425,567,000. Finally, International Assets Investment Management LLC grew its holdings in Walt Disney by 12,574.4% during the 3rd quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock valued at $329,585,000 after buying an additional 3,399,359 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 6.2 %

Shares of NYSE:DIS opened at $109.13 on Friday. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The business’s fifty day simple moving average is $94.62 and its 200-day simple moving average is $96.69. The company has a market capitalization of $197.92 billion, a PE ratio of 41.97, a P/E/G ratio of 1.67 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38.

Analyst Upgrades and Downgrades

DIS has been the subject of several analyst reports. Wells Fargo & Company lowered their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. lowered their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Wednesday, October 23rd. Loop Capital lowered their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Finally, UBS Group lowered their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $119.14.

Walt Disney Company 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.