Kingfisher Capital LLC Has $2.25 Million Holdings in The Walt Disney Company (NYSE:DIS)

Kingfisher Capital LLC cut its holdings in The Walt Disney Company (NYSE:DIS) by 6.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 23,405 shares of the entertainment giant’s stock after selling 1,592 shares during the quarter. Kingfisher Capital LLC’s holdings in Walt Disney were worth $2,251,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Infusive Asset Management Inc. lifted its holdings in shares of Walt Disney by 169.8% during the 3rd quarter. Infusive Asset Management Inc. now owns 45,177 shares of the entertainment giant’s stock worth $4,346,000 after acquiring an additional 28,430 shares during the period. Icon Wealth Advisors LLC boosted its position in Walt Disney by 4.0% in the third quarter. Icon Wealth Advisors LLC now owns 18,946 shares of the entertainment giant’s stock valued at $1,822,000 after buying an additional 721 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in Walt Disney by 44.5% in the third quarter. Rockefeller Capital Management L.P. now owns 1,114,818 shares of the entertainment giant’s stock valued at $107,326,000 after buying an additional 343,407 shares in the last quarter. Infrastructure Capital Advisors LLC acquired a new position in shares of Walt Disney during the third quarter worth $192,000. Finally, Northwest & Ethical Investments L.P. lifted its stake in shares of Walt Disney by 15.7% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 91,920 shares of the entertainment giant’s stock valued at $8,842,000 after acquiring an additional 12,506 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Performance

Shares of DIS stock opened at $117.60 on Friday. 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 50-day moving average of $99.99 and a 200-day moving average of $97.15. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a market cap of $212.97 billion, a P/E ratio of 43.39, a P/E/G ratio of 2.19 and a beta of 1.40.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. The trade was 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 stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DIS. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Sanford C. Bernstein upped their price objective on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Guggenheim boosted their target price on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Morgan Stanley raised their price target on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Raymond James reissued a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $123.83.

Walt Disney 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.