The Walt Disney Company (NYSE:DIS) Shares Sold by CORDA Investment Management LLC.

CORDA Investment Management LLC. reduced its position in The Walt Disney Company (NYSE:DIS) by 3.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,330 shares of the entertainment giant’s stock after selling 8,646 shares during the period. CORDA Investment Management LLC.’s holdings in Walt Disney were worth $21,482,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DIS. ESL Trust Services LLC acquired a new position in shares of Walt Disney in the 1st quarter valued at about $31,000. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney in the 2nd quarter valued at about $32,000. Mascoma Wealth Management LLC lifted its stake in shares of Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 122 shares in the last quarter. First PREMIER Bank lifted its stake in shares of Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 256 shares in the last quarter. Finally, Iron Horse Wealth Management LLC lifted its stake in shares of Walt Disney by 148.7% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after purchasing an additional 333 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Trading Down 0.1 %

NYSE:DIS opened at $95.71 on Monday. The Walt Disney Company has a 12-month low of $83.59 and a 12-month high of $123.74. The firm has a market capitalization of $173.58 billion, a P/E ratio of 36.85, a P/E/G ratio of 1.53 and a beta of 1.40. 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 $93.16 and a 200 day simple moving average of $97.34.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts predict that The Walt Disney Company will post 4.93 EPS for the current year.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The stock was bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The trade was a 100.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DIS. Morgan Stanley reduced their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft dropped their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Bank of America dropped their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and set a $110.00 target price on shares of Walt Disney in a report on Wednesday, October 23rd. Finally, Evercore ISI dropped their target price on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $118.05.

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.