The Walt Disney Company (NYSE:DIS) Stock Holdings Lowered by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. reduced its position in The Walt Disney Company (NYSE:DIS) by 3.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 23,809 shares of the entertainment giant’s stock after selling 849 shares during the period. Walt Disney makes up about 0.9% of Cornercap Investment Counsel Inc.’s investment portfolio, making the stock its 6th largest position. Cornercap Investment Counsel Inc.’s holdings in Walt Disney were worth $2,651,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. United Bank boosted its holdings in shares of Walt Disney by 6.2% during the 3rd quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock valued at $1,168,000 after acquiring an additional 712 shares during the last quarter. CreativeOne Wealth LLC lifted its position in Walt Disney by 5.4% during the third quarter. CreativeOne Wealth LLC now owns 11,448 shares of the entertainment giant’s stock valued at $1,101,000 after purchasing an additional 590 shares during the period. FORA Capital LLC purchased a new stake in Walt Disney in the third quarter worth approximately $904,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Walt Disney by 1.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 433,059 shares of the entertainment giant’s stock worth $41,656,000 after purchasing an additional 6,046 shares during the period. Finally, Public Sector Pension Investment Board raised its stake in Walt Disney by 13.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 77,763 shares of the entertainment giant’s stock valued at $7,480,000 after buying an additional 9,200 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Price Performance

DIS stock opened at $98.02 on Friday. The stock has a market cap of $177.19 billion, a PE ratio of 31.93, a P/E/G ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.69. The company has a 50-day moving average price of $107.31 and a 200 day moving average price of $104.96. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

DIS has been the topic of a number of research reports. Needham & Company LLC restated a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a research note on Wednesday, February 5th. Morgan Stanley boosted their price target on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Jefferies Financial Group initiated coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective on the stock. Prescient Securities reduced their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Finally, Loop Capital increased their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $125.64.

About Walt Disney

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.