Mill Creek Capital Advisors LLC Trims Stake in The Walt Disney Company (NYSE:DIS)

Mill Creek Capital Advisors LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 7.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,019 shares of the entertainment giant’s stock after selling 2,591 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in Walt Disney were worth $2,888,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Quent Capital LLC increased its holdings in shares of Walt Disney by 4.4% during the first quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock valued at $950,000 after acquiring an additional 327 shares in the last quarter. Edgestream Partners L.P. grew its holdings in shares of Walt Disney by 3.4% during the first quarter. Edgestream Partners L.P. now owns 3,876 shares of the entertainment giant’s stock valued at $474,000 after buying an additional 128 shares during the last quarter. Catalytic Wealth RIA LLC bought a new stake in shares of Walt Disney during the first quarter valued at approximately $348,000. Resurgent Financial Advisors LLC raised its holdings in Walt Disney by 30.5% in the 1st quarter. Resurgent Financial Advisors LLC now owns 13,657 shares of the entertainment giant’s stock worth $1,671,000 after acquiring an additional 3,190 shares during the last quarter. Finally, Davis R M Inc. lifted its position in Walt Disney by 4.4% in the 1st quarter. Davis R M Inc. now owns 226,119 shares of the entertainment giant’s stock valued at $27,668,000 after acquiring an additional 9,528 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Piper Sandler initiated coverage on Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target on the stock. Guggenheim lifted their price target on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday. Wells Fargo & Company raised their target price on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Finally, Barclays dropped their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Five 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 stock. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $123.57.

Walt Disney Trading Up 5.5 %

DIS stock opened at $115.08 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The business has a 50 day simple moving average of $95.57 and a two-hundred day simple moving average of $96.69. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a market capitalization of $208.71 billion, a price-to-earnings ratio of 44.26, a PEG ratio of 1.67 and a beta of 1.40.

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.