The Walt Disney Company (NYSE:DIS) CEO Sells $42,667,242.84 in Stock

The Walt Disney Company (NYSE:DIS) CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $115.65 on Monday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The stock has a fifty day moving average price of $98.09 and a two-hundred day moving average price of $96.72. The firm has a market cap of $209.44 billion, a P/E ratio of 42.68, a PEG ratio of 2.13 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DIS. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Piper Sandler began coverage on Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Needham & Company LLC boosted their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. UBS Group lowered their price target 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. Finally, Macquarie boosted their price target on Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $123.83.

Institutional Investors Weigh In On Walt Disney

A number of institutional investors and hedge funds have recently modified their holdings of DIS. Quent Capital LLC lifted its holdings in shares of Walt Disney by 4.4% in the first quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock valued at $950,000 after purchasing an additional 327 shares in the last quarter. Edgestream Partners L.P. lifted its holdings in shares of Walt Disney by 3.4% in the first quarter. Edgestream Partners L.P. now owns 3,876 shares of the entertainment giant’s stock valued at $474,000 after purchasing an additional 128 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Walt Disney by 30.8% in the first quarter. Advisors Asset Management Inc. now owns 25,987 shares of the entertainment giant’s stock valued at $3,180,000 after purchasing an additional 6,118 shares in the last quarter. Capital International Inc. CA purchased a new stake in shares of Walt Disney in the first quarter valued at $3,596,000. Finally, Capital International Sarl purchased a new stake in shares of Walt Disney in the first quarter valued at $211,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

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.