The Walt Disney Company (NYSE:DIS) Holdings Reduced by Cordasco Financial Network


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Cordasco Financial Network decreased its position in The Walt Disney Company (NYSE:DIS) by 3.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,784 shares of the entertainment giant’s stock after selling 105 shares during the period. Cordasco Financial Network’s holdings in The Walt Disney were worth $514,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. Harbour Capital Advisors LLC lifted its stake in shares of The Walt Disney by 11.4% in the 1st quarter. Harbour Capital Advisors LLC now owns 21,963 shares of the entertainment giant’s stock worth $4,053,000 after acquiring an additional 2,242 shares during the period. Acropolis Investment Management LLC lifted its stake in shares of The Walt Disney by 5.0% in the 1st quarter. Acropolis Investment Management LLC now owns 11,233 shares of the entertainment giant’s stock worth $2,073,000 after acquiring an additional 531 shares during the period. Founders Capital Management LLC lifted its stake in shares of The Walt Disney by 1.2% in the 1st quarter. Founders Capital Management LLC now owns 95,543 shares of the entertainment giant’s stock worth $17,630,000 after acquiring an additional 1,140 shares during the period. Coastal Investment Advisors Inc. lifted its stake in shares of The Walt Disney by 9.3% in the 1st quarter. Coastal Investment Advisors Inc. now owns 26,152 shares of the entertainment giant’s stock worth $4,826,000 after acquiring an additional 2,223 shares during the period. Finally, Livingston Group Asset Management CO operating as Southport Capital Management lifted its stake in shares of The Walt Disney by 2.3% in the 1st quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 13,989 shares of the entertainment giant’s stock worth $2,581,000 after acquiring an additional 308 shares during the period. 62.83% of the stock is owned by institutional investors.

NYSE DIS traded down $1.28 during trading on Tuesday, hitting $185.21. 133,093 shares of the stock traded hands, compared to its average volume of 11,387,451. The company has a market capitalization of $336.21 billion, a P/E ratio of -117.29, a price-to-earnings-growth ratio of 5.07 and a beta of 1.20. The firm has a 50-day simple moving average of $190.75 and a 200-day simple moving average of $163.81. The company has a quick ratio of 1.26, a current ratio of 1.32 and a debt-to-equity ratio of 0.60. The Walt Disney Company has a 12-month low of $98.86 and a 12-month high of $203.02.

The Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, February 10th. The entertainment giant reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.45) by $0.77. The firm had revenue of $16.25 billion during the quarter, compared to analysts’ expectations of $15.84 billion. The Walt Disney had a positive return on equity of 4.05% and a negative net margin of 4.38%. As a group, research analysts predict that The Walt Disney Company will post 1.69 EPS for the current fiscal year.

A number of analysts have recently weighed in on the stock. Evercore ISI upped their price target on shares of The Walt Disney from $200.00 to $210.00 in a research note on Friday, February 12th. Citigroup increased their target price on shares of The Walt Disney from $205.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, March 3rd. The Goldman Sachs Group increased their target price on shares of The Walt Disney from $211.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, February 12th. JPMorgan Chase & Co. increased their target price on shares of The Walt Disney from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, February 12th. Finally, Loop Capital increased their target price on shares of The Walt Disney from $190.00 to $230.00 in a research note on Friday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $187.00.

In other The Walt Disney news, EVP Zenia B. Mucha sold 33,969 shares of the business’s stock in a transaction dated Thursday, February 18th. The stock was sold at an average price of $183.12, for a total transaction of $6,220,403.28. Following the sale, the executive vice president now owns 53,589 shares in the company, valued at approximately $9,813,217.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Christine M. Mccarthy sold 4,139 shares of the firm’s stock in a transaction dated Friday, January 15th. The stock was sold at an average price of $173.00, for a total value of $716,047.00. Following the sale, the chief financial officer now directly owns 156,984 shares in the company, valued at $27,158,232. The disclosure for this sale can be found here. Insiders have sold a total of 1,367,269 shares of company stock valued at $251,173,842 over the last three months. 0.31% of the stock is owned by corporate insiders.

About The Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.

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

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