The Walt Disney Company $DIS Shares Sold by Coho Partners Ltd.

Coho Partners Ltd. cut its position in The Walt Disney Company (NYSE:DIS) by 15.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 496,760 shares of the entertainment giant’s stock after selling 90,469 shares during the quarter. Walt Disney comprises 4.6% of Coho Partners Ltd.’s portfolio, making the stock its 3rd biggest holding. Coho Partners Ltd.’s holdings in Walt Disney were worth $61,603,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC acquired a new position in shares of Walt Disney during the 2nd quarter worth $4,220,599,000. Nuveen LLC acquired a new position in Walt Disney during the first quarter worth about $1,353,607,000. Diamond Hill Capital Management Inc. increased its position in Walt Disney by 1,080.7% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock worth $277,993,000 after purchasing an additional 2,578,004 shares in the last quarter. Vanguard Group Inc. increased its position in Walt Disney by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after purchasing an additional 2,446,087 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Walt Disney by 9.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant’s stock worth $1,826,930,000 after purchasing an additional 1,642,907 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Down 1.7%

NYSE DIS opened at $109.82 on Friday. The business has a 50 day simple moving average of $114.89 and a 200 day simple moving average of $110.66. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The stock has a market capitalization of $197.45 billion, a P/E ratio of 17.21, a P/E/G ratio of 1.47 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 EPS. Research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Jefferies Financial Group cut shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Barclays upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Finally, Guggenheim increased their price objective on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, June 27th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.90.

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.