Corrado Advisors LLC Has $1.52 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Corrado Advisors LLC decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 16.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,815 shares of the entertainment giant’s stock after selling 3,413 shares during the period. Corrado Advisors LLC’s holdings in Walt Disney were worth $1,518,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Bridge Creek Capital Management LLC lifted its position in shares of Walt Disney by 1.2% in the third quarter. Bridge Creek Capital Management LLC now owns 43,247 shares of the entertainment giant’s stock worth $3,505,000 after buying an additional 495 shares during the last quarter. Buttonwood Financial Advisors Inc. lifted its position in shares of Walt Disney by 7.9% in the third quarter. Buttonwood Financial Advisors Inc. now owns 23,975 shares of the entertainment giant’s stock worth $1,943,000 after buying an additional 1,762 shares during the last quarter. Edmonds Duncan Registered Investment Advisors LLC lifted its position in shares of Walt Disney by 900.0% in the third quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 51,078 shares of the entertainment giant’s stock worth $4,140,000 after buying an additional 45,970 shares during the last quarter. GAM Holding AG lifted its position in shares of Walt Disney by 133.2% in the third quarter. GAM Holding AG now owns 131,382 shares of the entertainment giant’s stock worth $10,649,000 after buying an additional 75,052 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC lifted its position in shares of Walt Disney by 40.5% in the third quarter. Relyea Zuckerberg Hanson LLC now owns 5,404 shares of the entertainment giant’s stock worth $438,000 after buying an additional 1,558 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

NYSE DIS traded up $1.73 during trading hours on Tuesday, reaching $113.72. 6,830,656 shares of the company’s stock were exchanged, compared to its average volume of 11,972,034. The stock has a market cap of $208.59 billion, a PE ratio of 69.95, a price-to-earnings-growth ratio of 1.38 and a beta of 1.42. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The firm has a fifty day moving average of $114.04 and a 200-day moving average of $99.05. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. During the same period in the prior year, the company earned $0.99 EPS. Walt Disney’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities research analysts predict that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be issued a dividend of $0.45 per share. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio is 18.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DIS. Rosenblatt Securities boosted their price target on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Morgan Stanley boosted their price objective on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. JPMorgan Chase & Co. began coverage on Walt Disney in a research report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price objective for the company. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $95.00 to $135.00 in a research report on Monday, March 25th. Finally, Evercore ISI boosted their price objective on Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.08.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

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.