The Walt Disney Company (NYSE:DIS) Position Reduced by CORDA Investment Management LLC.

CORDA Investment Management LLC. lessened its stake in The Walt Disney Company (NYSE:DIS) by 3.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 179,318 shares of the entertainment giant’s stock after selling 5,725 shares during the quarter. The Walt Disney comprises 3.0% of CORDA Investment Management LLC.’s holdings, making the stock its 10th largest position. CORDA Investment Management LLC.’s holdings in The Walt Disney were worth $33,087,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Sage Mountain Advisors LLC bought a new position in The Walt Disney during the 4th quarter worth about $201,000. Ironwood Wealth Management LLC. lifted its holdings in The Walt Disney by 844.0% during the fourth quarter. Ironwood Wealth Management LLC. now owns 3,304 shares of the entertainment giant’s stock worth $599,000 after buying an additional 2,954 shares during the period. Wade Financial Advisory Inc purchased a new stake in The Walt Disney during the fourth quarter worth $231,000. Addison Advisors LLC purchased a new stake in The Walt Disney during the fourth quarter worth $1,263,000. Finally, Flagship Private Wealth LLC purchased a new stake in The Walt Disney during the fourth quarter worth $27,000. 64.04% of the stock is currently owned by institutional investors.

The Walt Disney stock traded up $0.40 during midday trading on Friday, reaching $176.97. The company had a trading volume of 96,244 shares, compared to its average volume of 10,277,439. The company has a market capitalization of $321.54 billion, a P/E ratio of -70.63, a P/E/G ratio of 3.70 and a beta of 1.19. The Walt Disney Company has a 12-month low of $108.02 and a 12-month high of $203.02. The business has a fifty day moving average of $181.01. The company has a quick ratio of 1.18, a current ratio of 1.23 and a debt-to-equity ratio of 0.57.

The Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, May 13th. The entertainment giant reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.52. The firm had revenue of $15.61 billion for the quarter, compared to analyst estimates of $15.99 billion. The Walt Disney had a negative net margin of 7.73% and a positive return on equity of 2.07%. The Walt Disney’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same period last year, the company posted $0.60 EPS. On average, research analysts forecast that The Walt Disney Company will post 2.28 earnings per share for the current fiscal year.

A number of analysts have weighed in on DIS shares. Truist Securities lowered their target price on The Walt Disney from $205.00 to $200.00 and set a “buy” rating for the company in a report on Monday, May 17th. Argus increased their price objective on The Walt Disney from $200.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, February 17th. The Goldman Sachs Group decreased their price objective on The Walt Disney from $225.00 to $215.00 and set a “buy” rating for the company in a report on Friday, May 14th. Credit Suisse Group increased their price objective on The Walt Disney from $192.00 to $218.00 and gave the company an “outperform” rating in a report on Friday, February 12th. They noted that the move was a valuation call. Finally, Evercore ISI increased their price objective on The Walt Disney from $200.00 to $210.00 in a report on Friday, February 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-three have given a buy rating to the stock. The Walt Disney has a consensus rating of “Buy” and a consensus target price of $195.48.

In related news, Chairman Robert A. Iger sold 550,570 shares of the stock in a transaction dated Tuesday, June 1st. The stock was sold at an average price of $179.21, for a total transaction of $98,667,649.70. Following the transaction, the chairman now owns 569,131 shares of the company’s stock, valued at approximately $101,993,966.51. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Susan E. Arnold sold 8,400 shares of the stock in a transaction dated Wednesday, June 2nd. The stock was sold at an average price of $177.75, for a total value of $1,493,100.00. Following the transaction, the director now directly owns 41,498 shares in the company, valued at approximately $7,376,269.50. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.

About The Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.

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

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