BNP Paribas Has $30.48 Million Stake in The Walt Disney Company (NYSE:DIS)

BNP Paribas lowered its holdings in The Walt Disney Company (NYSE:DIS) by 10.1% during the third quarter, Holdings Channel.com reports. The firm owned 317,319 shares of the entertainment giant’s stock after selling 35,594 shares during the period. Walt Disney accounts for about 1.3% of BNP Paribas’ portfolio, making the stock its 23rd largest position. BNP Paribas’ holdings in Walt Disney were worth $30,476,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DIS. RS Crum Inc. lifted its position in Walt Disney by 0.8% during the 3rd quarter. RS Crum Inc. now owns 16,651 shares of the entertainment giant’s stock worth $1,602,000 after buying an additional 127 shares in the last quarter. RBO & Co. LLC raised its stake in shares of Walt Disney by 2.1% in the third quarter. RBO & Co. LLC now owns 149,444 shares of the entertainment giant’s stock worth $14,375,000 after acquiring an additional 3,012 shares during the last quarter. Townsquare Capital LLC lifted its position in shares of Walt Disney by 20.3% during the third quarter. Townsquare Capital LLC now owns 192,719 shares of the entertainment giant’s stock worth $18,538,000 after purchasing an additional 32,584 shares in the last quarter. Baldwin Investment Management LLC increased its holdings in shares of Walt Disney by 12.3% in the third quarter. Baldwin Investment Management LLC now owns 8,666 shares of the entertainment giant’s stock valued at $834,000 after purchasing an additional 948 shares in the last quarter. Finally, Shum Financial Group Inc. acquired a new stake in shares of Walt Disney in the third quarter valued at approximately $714,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on DIS. Morgan Stanley increased their price objective on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Piper Sandler began coverage on Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target on the stock. Raymond James reissued a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Barclays reduced their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $123.83.

Walt Disney Trading Down 0.5 %

NYSE DIS opened at $115.46 on Wednesday. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The firm has a market cap of $209.08 billion, a P/E ratio of 42.60, a P/E/G ratio of 2.16 and a beta of 1.40. The stock’s 50-day moving average is $99.03 and its 200-day moving average is $96.86.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the transaction, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

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.