CORDA Investment Management LLC. Increases Stake in Walt Disney Co (NYSE:DIS)

CORDA Investment Management LLC. lifted its stake in shares of Walt Disney Co (NYSE:DIS) by 21.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,386 shares of the entertainment giant’s stock after acquiring an additional 35,450 shares during the period. Walt Disney accounts for about 2.4% of CORDA Investment Management LLC.’s investment portfolio, making the stock its 19th largest position. CORDA Investment Management LLC.’s holdings in Walt Disney were worth $19,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. TD Capital Management LLC acquired a new stake in Walt Disney during the 1st quarter worth approximately $29,000. Carolina Wealth Advisors LLC acquired a new stake in Walt Disney during the 4th quarter worth approximately $31,000. Cox Capital Mgt LLC acquired a new stake in Walt Disney during the 1st quarter worth approximately $34,000. Marquette Asset Management LLC increased its position in Walt Disney by 3,500.0% during the 1st quarter. Marquette Asset Management LLC now owns 360 shares of the entertainment giant’s stock worth $35,000 after purchasing an additional 350 shares in the last quarter. Finally, Horan Securities Inc. acquired a new stake in Walt Disney during the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

DIS has been the subject of a number of research analyst reports. Imperial Capital dropped their target price on shares of Walt Disney from $118.00 to $107.00 and set an “in-line” rating for the company in a research report on Thursday, April 2nd. UBS Group set a $114.00 price objective on shares of Walt Disney and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Credit Suisse Group downgraded shares of Walt Disney from an “outperform” rating to a “neutral” rating and set a $116.00 price objective for the company. in a research report on Monday, April 20th. Bank of America reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, February 26th. Finally, BMO Capital Markets lowered their price objective on shares of Walt Disney from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Fourteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $126.58.

DIS stock opened at $118.02 on Friday. Walt Disney Co has a twelve month low of $79.07 and a twelve month high of $153.41. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $212.83 billion, a P/E ratio of 39.87, a PEG ratio of 11.04 and a beta of 1.08. The firm has a 50 day simple moving average of $104.80 and a 200-day simple moving average of $127.09.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.23). Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The firm had revenue of $18.01 billion for the quarter, compared to the consensus estimate of $17.49 billion. During the same quarter last year, the business earned $1.61 earnings per share. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. On average, research analysts predict that Walt Disney Co will post 2.09 EPS for the current year.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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