The Walt Disney Company $DIS Stake Raised by Cornell Pochily Investment Advisors Inc.

Cornell Pochily Investment Advisors Inc. grew its holdings in shares of The Walt Disney Company (NYSE:DIS) by 12.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,609 shares of the entertainment giant’s stock after buying an additional 872 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in Walt Disney were worth $944,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DIS. Brighton Jones LLC raised its holdings in shares of Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after buying an additional 1,904 shares during the last quarter. Apella Capital LLC increased its stake in shares of Walt Disney by 32.3% during the first quarter. Apella Capital LLC now owns 9,509 shares of the entertainment giant’s stock valued at $870,000 after acquiring an additional 2,319 shares during the period. Sendero Wealth Management LLC increased its stake in shares of Walt Disney by 8.9% during the first quarter. Sendero Wealth Management LLC now owns 4,746 shares of the entertainment giant’s stock valued at $468,000 after acquiring an additional 386 shares during the period. Warren Street Wealth Advisors LLC increased its stake in shares of Walt Disney by 35.2% during the first quarter. Warren Street Wealth Advisors LLC now owns 2,700 shares of the entertainment giant’s stock valued at $266,000 after acquiring an additional 703 shares during the period. Finally, LS Investment Advisors LLC increased its stake in shares of Walt Disney by 4.4% during the first quarter. LS Investment Advisors LLC now owns 73,696 shares of the entertainment giant’s stock valued at $7,274,000 after acquiring an additional 3,075 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 0.7%

Walt Disney stock opened at $112.14 on Friday. The company has a 50 day moving average price of $116.30 and a 200 day moving average price of $109.86. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market capitalization of $201.62 billion, a price-to-earnings ratio of 17.58, a P/E/G ratio of 1.48 and a beta of 1.54.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same quarter last year, the business posted $1.39 EPS. The company’s revenue was up 2.1% on a year-over-year basis. Research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on DIS. Stephens reiterated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Jefferies Financial Group lowered shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Raymond James Financial reiterated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Rosenblatt Securities raised their price objective on shares of Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Finally, Wall Street Zen lowered shares of Walt Disney from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 20th. Nineteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $131.18.

About Walt Disney

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.