Cornercap Investment Counsel Inc. Has $2.37 Million Position in The Walt Disney Company (NYSE:DIS)

Cornercap Investment Counsel Inc. increased its position in The Walt Disney Company (NYSE:DIS) by 19.2% in the third quarter, HoldingsChannel reports. The firm owned 24,658 shares of the entertainment giant’s stock after acquiring an additional 3,965 shares during the period. Walt Disney accounts for about 0.7% of Cornercap Investment Counsel Inc.’s investment portfolio, making the stock its 7th biggest holding. Cornercap Investment Counsel Inc.’s holdings in Walt Disney were worth $2,372,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. ESL Trust Services LLC purchased a new stake in Walt Disney in the 1st quarter worth approximately $31,000. William B. Walkup & Associates Inc. purchased a new stake in Walt Disney in the 2nd quarter worth approximately $32,000. Mascoma Wealth Management LLC raised its holdings in shares of Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 122 shares in the last quarter. First PREMIER Bank raised its holdings in shares of Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 256 shares in the last quarter. Finally, Iron Horse Wealth Management LLC raised its holdings in shares of Walt Disney by 148.7% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after purchasing an additional 333 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Up 6.2 %

Shares of NYSE DIS opened at $109.13 on Friday. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a market cap of $197.92 billion, a PE ratio of 41.97, a P/E/G ratio of 1.67 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average of $94.62 and a two-hundred day moving average of $96.69.

Wall Street Analysts Forecast Growth

DIS has been the topic of several recent analyst reports. Bank of America dropped their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 target price on shares of Walt Disney in a report on Wednesday, October 23rd. Morgan Stanley decreased their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Piper Sandler began coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $119.90.

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.