The Walt Disney Company (NYSE:DIS) Shares Acquired by Cornerstone Advisors LLC

Cornerstone Advisors LLC grew its position in shares of The Walt Disney Company (NYSE:DIS) by 9.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,600 shares of the entertainment giant’s stock after buying an additional 7,900 shares during the period. Cornerstone Advisors LLC’s holdings in Walt Disney were worth $8,426,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DIS. William B. Walkup & Associates Inc. acquired a new position in Walt Disney during the 2nd quarter worth $32,000. Mascoma Wealth Management LLC raised its stake in shares of Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after buying an additional 122 shares in the last quarter. First PREMIER Bank lifted its holdings in shares of Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after buying an additional 256 shares during the period. Iron Horse Wealth Management LLC grew its holdings in Walt Disney by 148.7% during the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after acquiring an additional 333 shares during the period. Finally, Livelsberger Financial Advisory acquired a new position in Walt Disney during the third quarter worth about $57,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Up 1.6 %

DIS opened at $114.27 on Thursday. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The firm has a market cap of $206.94 billion, a P/E ratio of 42.17, a price-to-earnings-growth ratio of 1.85 and a beta of 1.40. The business has a 50 day moving average price of $97.07 and a 200 day moving average price of $96.72.

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent research reports. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. TD Cowen raised their target price on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a report on Friday, November 15th. Barclays cut their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Evercore ISI lifted their price objective on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Sanford C. Bernstein increased their target price on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $123.83.

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.