Cornerstone Wealth Management LLC Has $2.44 Million Position in The Walt Disney Company (NYSE:DIS)

Cornerstone Wealth Management LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,912 shares of the entertainment giant’s stock after selling 384 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Walt Disney were worth $2,436,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Planned Solutions Inc. bought a new position in Walt Disney in the fourth quarter worth approximately $26,000. Gold Investment Management Ltd. purchased a new stake in shares of Walt Disney during the fourth quarter valued at approximately $28,000. Partnership Wealth Management LLC purchased a new stake in shares of Walt Disney during the fourth quarter valued at approximately $33,000. Stone House Investment Management LLC increased its position in shares of Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after acquiring an additional 270 shares during the last quarter. Finally, Red Tortoise LLC increased its position in shares of Walt Disney by 141.4% during the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 215 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

NYSE:DIS opened at $98.61 on Friday. The firm has a market capitalization of $179.77 billion, a price-to-earnings ratio of 107.19, a P/E/G ratio of 1.23 and a beta of 1.40. The stock has a fifty day moving average of $103.86 and a 200 day moving average of $104.76. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. The firm had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. On average, research analysts expect that The Walt Disney Company will post 4.75 EPS for the current fiscal year.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director James P. Gorman acquired 20,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the transaction, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

DIS has been the subject of a number of research analyst reports. Raymond James increased their price target on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft raised their target price on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Rosenblatt Securities raised their target price on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Daiwa Capital Markets reissued a “buy” rating and issued a $133.00 target price on shares of Walt Disney in a research report on Monday, April 1st. Finally, UBS Group decreased their target price on Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $126.44.

Walt Disney 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.