Corsicana & Co. Sells 7,233 Shares of The Walt Disney Company (NYSE:DIS)

Corsicana & Co. lessened its holdings in shares of The Walt Disney Company (NYSE:DISGet Rating) by 94.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 425 shares of the entertainment giant’s stock after selling 7,233 shares during the period. Corsicana & Co.’s holdings in Walt Disney were worth $40,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of DIS. Clear Perspectives Financial Planning LLC raised its position in shares of Walt Disney by 126.3% in the 1st quarter. Clear Perspectives Financial Planning LLC now owns 181 shares of the entertainment giant’s stock worth $25,000 after purchasing an additional 101 shares during the last quarter. Roble Belko & Company Inc raised its position in shares of Walt Disney by 96.2% in the 1st quarter. Roble Belko & Company Inc now owns 206 shares of the entertainment giant’s stock worth $28,000 after purchasing an additional 101 shares during the last quarter. MBM Wealth Consultants LLC raised its position in shares of Walt Disney by 94.7% in the 4th quarter. MBM Wealth Consultants LLC now owns 220 shares of the entertainment giant’s stock worth $34,000 after purchasing an additional 107 shares during the last quarter. Rational Advisors LLC raised its position in shares of Walt Disney by 74.1% in the 1st quarter. Rational Advisors LLC now owns 242 shares of the entertainment giant’s stock worth $33,000 after purchasing an additional 103 shares during the last quarter. Finally, Delos Wealth Advisors LLC raised its position in shares of Walt Disney by 2,933.3% in the 4th quarter. Delos Wealth Advisors LLC now owns 273 shares of the entertainment giant’s stock worth $42,000 after purchasing an additional 264 shares during the last quarter. Institutional investors own 61.37% of the company’s stock.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $119.03, for a total transaction of $357,090.00. Following the completion of the transaction, the executive vice president now directly owns 28,624 shares in the company, valued at approximately $3,407,114.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Trading Down 2.2 %

Shares of NYSE:DIS opened at $102.16 on Friday. The stock has a 50 day moving average of $110.43 and a 200 day moving average of $113.15. The company has a market cap of $186.24 billion, a PE ratio of 59.40, a price-to-earnings-growth ratio of 1.40 and a beta of 1.20. The company has a current ratio of 1.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The Walt Disney Company has a 12-month low of $90.23 and a 12-month high of $179.63.

Walt Disney (NYSE:DISGet Rating) last announced its quarterly earnings data on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.01 billion. Walt Disney had a return on equity of 7.20% and a net margin of 3.87%. The firm’s revenue was up 26.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 EPS. As a group, equities research analysts expect that The Walt Disney Company will post 3.85 EPS for the current year.

Analyst Ratings Changes

DIS has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price target on Walt Disney from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, August 11th. Evercore ISI decreased their target price on Walt Disney from $150.00 to $130.00 in a research report on Wednesday, July 27th. Morgan Stanley decreased their target price on Walt Disney from $170.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, June 30th. JPMorgan Chase & Co. decreased their target price on Walt Disney from $175.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, August 11th. Finally, Credit Suisse Group decreased their target price on Walt Disney from $170.00 to $157.00 and set an “outperform” rating for the company in a research report on Thursday, August 11th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $151.48.

About Walt Disney

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The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

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

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