Corrado Advisors LLC Grows Stake in The Walt Disney Company (NYSE:DIS)

Corrado Advisors LLC boosted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 15.9% in the third quarter, HoldingsChannel.com reports. The fund owned 17,794 shares of the entertainment giant’s stock after buying an additional 2,442 shares during the quarter. Corrado Advisors LLC’s holdings in Walt Disney were worth $1,712,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. ESL Trust Services LLC acquired a new stake in Walt Disney during the 1st quarter worth approximately $31,000. William B. Walkup & Associates Inc. bought a new position in Walt Disney during the 2nd quarter valued at $32,000. Mascoma Wealth Management LLC increased its holdings in Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 122 shares during the last quarter. First PREMIER Bank raised its position in shares of Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 256 shares in the last quarter. Finally, J.Safra Asset Management Corp boosted its holdings in Walt Disney by 78.2% in the first quarter. J.Safra Asset Management Corp now owns 540 shares of the entertainment giant’s stock worth $66,000 after purchasing an additional 237 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wells Fargo & Company dropped their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft cut their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Barclays lowered their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Evercore ISI lowered their price objective on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Price Performance

NYSE DIS opened at $99.04 on Friday. The firm has a market cap of $179.62 billion, a P/E ratio of 38.09, a price-to-earnings-growth ratio of 1.52 and a beta of 1.40. The stock’s 50-day moving average is $93.90 and its two-hundred day moving average is $97.05. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. On average, analysts anticipate that The Walt Disney Company will post 4.93 earnings per share for the current fiscal 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.