TruWealth Advisors LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 8.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,971 shares of the entertainment giant’s stock after selling 284 shares during the quarter. TruWealth Advisors LLC’s holdings in Walt Disney were worth $297,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Markel Corp boosted its position in shares of Walt Disney by 2.3% during the 1st quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock worth $263,713,000 after purchasing an additional 42,500 shares during the period. Fairfield Bush & CO. lifted its stake in Walt Disney by 3.4% during the 1st quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock worth $1,320,000 after acquiring an additional 320 shares in the last quarter. United Bank lifted its stake in Walt Disney by 8.7% during the 1st quarter. United Bank now owns 9,949 shares of the entertainment giant’s stock worth $1,365,000 after acquiring an additional 794 shares in the last quarter. AMI Investment Management Inc. lifted its stake in Walt Disney by 4.6% during the 1st quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock worth $3,418,000 after acquiring an additional 1,094 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in Walt Disney by 0.6% during the 1st quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock worth $113,611,000 after acquiring an additional 4,722 shares in the last quarter. 63.67% of the stock is owned by institutional investors and hedge funds.
Walt Disney Stock Down 0.1 %
DIS opened at $88.64 on Monday. The business’s 50-day simple moving average is $92.15 and its 200-day simple moving average is $96.84. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 1.01. The Walt Disney Company has a one year low of $84.07 and a one year high of $126.48. The stock has a market capitalization of $161.97 billion, a P/E ratio of 39.40, a price-to-earnings-growth ratio of 1.98 and a beta of 1.28.
Insider Transactions at Walt Disney
In related news, EVP Brent Woodford sold 1,145 shares of the firm’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $99.16, for a total transaction of $113,538.20. Following the transaction, the executive vice president now owns 29,138 shares of the company’s stock, valued at $2,889,324.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.
Analyst Ratings Changes
DIS has been the topic of several recent research reports. KeyCorp cut their target price on shares of Walt Disney from $120.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, May 25th. Citigroup cut their price objective on Walt Disney from $130.00 to $125.00 in a research report on Friday, May 12th. Truist Financial decreased their target price on Walt Disney from $121.00 to $105.00 in a report on Tuesday, May 30th. Barclays cut their price target on Walt Disney from $107.00 to $88.00 in a report on Wednesday, June 21st. Finally, StockNews.com assumed coverage on Walt Disney in a research report on Thursday, May 18th. They issued a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $121.82.
About Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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