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

CORDA Investment Management LLC. raised its position in Walt Disney Co (NYSE:DIS) by 21.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 198,386 shares of the entertainment giant’s stock after acquiring an additional 35,450 shares during the quarter. Walt Disney makes up about 2.4% of CORDA Investment Management LLC.’s holdings, making the stock its 19th biggest holding. CORDA Investment Management LLC.’s holdings in Walt Disney were worth $19,164,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. AGF Investments Inc. lifted its stake in Walt Disney by 44.2% in the first quarter. AGF Investments Inc. now owns 280,320 shares of the entertainment giant’s stock worth $27,080,000 after acquiring an additional 85,962 shares during the last quarter. Heathbridge Capital Management Ltd. lifted its position in shares of Walt Disney by 7.7% during the 1st quarter. Heathbridge Capital Management Ltd. now owns 217,600 shares of the entertainment giant’s stock worth $21,020,000 after buying an additional 15,600 shares during the last quarter. Apollon Wealth Management LLC lifted its position in shares of Walt Disney by 3.0% during the 1st quarter. Apollon Wealth Management LLC now owns 5,685 shares of the entertainment giant’s stock worth $549,000 after buying an additional 168 shares during the last quarter. Quadrant Private Wealth Management LLC lifted its position in shares of Walt Disney by 139.0% during the 1st quarter. Quadrant Private Wealth Management LLC now owns 18,798 shares of the entertainment giant’s stock worth $1,816,000 after buying an additional 10,932 shares during the last quarter. Finally, Commerce Bank lifted its position in shares of Walt Disney by 2.1% during the 1st quarter. Commerce Bank now owns 326,825 shares of the entertainment giant’s stock worth $31,571,000 after buying an additional 6,690 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Shares of DIS opened at $118.02 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.89 and a current ratio of 0.94. The stock has a market capitalization of $212.83 billion, a P/E ratio of 39.87, a P/E/G ratio of 11.04 and a beta of 1.08. The company’s fifty day moving average is $104.80 and its two-hundred day moving average is $127.09. Walt Disney Co has a 1 year low of $79.07 and a 1 year high of $153.41.

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 consensus estimate of $0.83 by ($0.23). Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The firm had revenue of $18.01 billion during the quarter, compared to analyst estimates of $17.49 billion. During the same period in the prior year, the firm posted $1.61 earnings per share. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. Sell-side analysts predict that Walt Disney Co will post 2.09 EPS for the current year.

Several brokerages have recently weighed in on DIS. Moffett Nathanson downgraded shares of Walt Disney from a “buy” rating to a “neutral” rating and set a $112.00 price objective for the company. in a research report on Monday, May 4th. BMO Capital Markets reduced 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. Royal Bank of Canada reduced their price objective on shares of Walt Disney from $110.00 to $108.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Bank of America restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, February 26th. Finally, Sanford C. Bernstein reduced their price target on shares of Walt Disney from $100.00 to $96.00 and set a “market perform” 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 issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $126.58.

Walt Disney 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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