The Walt Disney Company (NYSE:DIS) Stake Reduced by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC lessened its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 80.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,319 shares of the entertainment giant's stock after selling 33,422 shares during the quarter. Cornerstone Wealth Group LLC's holdings in Walt Disney were worth $821,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney during the 4th quarter valued at $27,000. Tacita Capital Inc grew its stake in shares of Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after acquiring an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Walt Disney during the 4th quarter valued at approximately $32,000. Copia Wealth Management acquired a new stake in shares of Walt Disney during the fourth quarter worth approximately $36,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Walt Disney in the 4th quarter worth about $39,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president now owns 46,831 shares of the company's stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of research analyst reports. Loop Capital boosted their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price for the company in a research note on Monday, April 21st. Rosenblatt Securities increased their target price on shares of Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Guggenheim decreased their price target on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney has a consensus rating of "Moderate Buy" and an average price target of $123.96.

Walt Disney Stock Performance

DIS traded up $0.88 during trading hours on Wednesday, hitting $119.53. The company's stock had a trading volume of 6,971,073 shares, compared to its average volume of 10,097,289. The company has a 50-day simple moving average of $106.03 and a 200 day simple moving average of $105.83. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $214.89 billion, a PE ratio of 24.44, a PEG ratio of 1.73 and a beta of 1.54. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $120.50.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. During the same quarter in the prior year, the business posted $1.21 earnings per share. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Company 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.