The Walt Disney Company (NYSE:DIS) Position Decreased by Corundum Group Inc.

Corundum Group Inc. trimmed its stake in The Walt Disney Company (NYSE:DIS) by 50.8% in the first quarter, Holdings Channel.com reports. The firm owned 6,698 shares of the entertainment giant’s stock after selling 6,903 shares during the quarter. Corundum Group Inc.’s holdings in Walt Disney were worth $661,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth about $27,000. Tacita Capital Inc lifted its holdings in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after purchasing an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in Walt Disney during the fourth quarter worth approximately $32,000. Copia Wealth Management acquired a new position in Walt Disney during the fourth quarter valued at approximately $36,000. Finally, Vision Financial Markets LLC bought a new position in shares of Walt Disney in the fourth quarter valued at approximately $39,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

NYSE DIS opened at $118.81 on Wednesday. The firm has a market cap of $213.59 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 1.73 and a beta of 1.54. 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 Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $120.50. The company has a 50 day moving average of $106.03 and a 200-day moving average of $105.83.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The firm had revenue of $23.62 billion during the quarter, compared to analysts’ expectations of $23.15 billion. During the same period last year, the firm posted $1.21 EPS. The business’s revenue was up 7.0% on a year-over-year basis. On average, equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DIS has been the subject of several recent analyst reports. UBS Group upped their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Rosenblatt Securities upped their price target on shares of Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Barclays boosted their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Finally, Loop Capital raised their target price on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, June 10th. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.96.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president now owns 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is owned by corporate insiders.

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.