Cornerstone Capital Management Holdings LLC. reduced its holdings in Walt Disney Co (NYSE:DIS) by 29.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 380,107 shares of the entertainment giant’s stock after selling 157,234 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Walt Disney were worth $37,465,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of DIS. Legacy Advisors LLC bought a new stake in shares of Walt Disney during the third quarter valued at approximately $137,000. Malaga Cove Capital LLC bought a new stake in shares of Walt Disney during the third quarter valued at approximately $140,000. Krilogy Financial LLC increased its position in shares of Walt Disney by 13.2% during the second quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock valued at $151,000 after purchasing an additional 166 shares during the period. IHT Wealth Management LLC increased its position in shares of Walt Disney by 34.3% during the second quarter. IHT Wealth Management LLC now owns 15,377 shares of the entertainment giant’s stock valued at $152,000 after purchasing an additional 3,923 shares during the period. Finally, BDO Wealth Advisors LLC bought a new stake in shares of Walt Disney during the second quarter valued at approximately $153,000. 61.12% of the stock is currently owned by institutional investors.

Walt Disney Co (NYSE:DIS) opened at $104.12 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.80. The company has a market capitalization of $155,465.06, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 1.80 and a beta of 1.30. Walt Disney Co has a one year low of $96.20 and a one year high of $116.10.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.28. The company had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.47 billion. Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.55 earnings per share. sell-side analysts expect that Walt Disney Co will post 6.8 EPS for the current year.

A number of analysts have recently issued reports on DIS shares. Goldman Sachs Group boosted their price objective on Walt Disney from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Citigroup reaffirmed a “buy” rating and issued a $119.00 price target on shares of Walt Disney in a research note on Wednesday, November 1st. Piper Jaffray Companies set a $130.00 price target on Walt Disney and gave the company a “buy” rating in a research note on Tuesday, October 31st. JPMorgan Chase & Co. set a $125.00 price target on Walt Disney and gave the company a “buy” rating in a research note on Friday, November 10th. Finally, Vetr lowered Walt Disney from a “strong-buy” rating to a “buy” rating and set a $110.51 price target on the stock. in a research note on Thursday, October 19th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $118.61.

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About Walt Disney

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

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

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