Sheaff Brock Investment Advisors LLC Trims Stock Position in The Walt Disney Company (NYSE:DIS)

Sheaff Brock Investment Advisors LLC cut its position in shares of The Walt Disney Company (NYSE:DIS) by 0.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 26,276 shares of the entertainment giant’s stock after selling 190 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Walt Disney were worth $2,528,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. ESL Trust Services LLC acquired a new position in shares of Walt Disney during the 1st quarter valued at $31,000. William B. Walkup & Associates Inc. purchased a new stake in Walt Disney in the 2nd quarter worth about $32,000. Mascoma Wealth Management LLC lifted its stake in Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares in the last quarter. First PREMIER Bank lifted its stake in Walt Disney by 98.1% in the 3rd 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. Finally, 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 worth $55,000 after purchasing an additional 333 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

NYSE:DIS opened at $108.90 on Friday. The stock’s 50-day simple moving average is $94.62 and its 200 day simple moving average is $96.69. The company has a market cap of $197.50 billion, a P/E ratio of 41.97, a P/E/G ratio of 1.67 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74.

Analysts Set New Price Targets

Several research analysts have weighed in on DIS shares. Loop Capital dropped their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. UBS Group reduced their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Piper Sandler started coverage on Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. JPMorgan Chase & Co. dropped their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $122.68.

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.