The Walt Disney Company $DIS Shares Sold by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. lowered its holdings in The Walt Disney Company (NYSE:DIS) by 0.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 101,074 shares of the entertainment giant’s stock after selling 91 shares during the period. Walt Disney makes up 1.5% of Cabot Wealth Management Inc.’s holdings, making the stock its 25th biggest holding. Cabot Wealth Management Inc.’s holdings in Walt Disney were worth $12,534,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DIS. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Walt Disney in the first quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. grew its holdings in Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after acquiring an additional 94 shares in the last quarter. Kessler Investment Group LLC grew its holdings in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after acquiring an additional 200 shares in the last quarter. Harbor Asset Planning Inc. acquired a new position in Walt Disney during the 2nd quarter worth approximately $37,000. Finally, RMG Wealth Management LLC acquired a new position in Walt Disney during the 2nd quarter worth approximately $49,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on DIS. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Wall Street Zen cut shares of Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Citigroup boosted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. UBS Group boosted their price target on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Stock Down 1.2%

Shares of NYSE:DIS opened at $111.64 on Friday. The company has a market capitalization of $200.72 billion, a PE ratio of 17.50, a P/E/G ratio of 1.46 and a beta of 1.54. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The firm has a 50 day simple moving average of $114.64 and a 200-day simple moving average of $111.84.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.16. The business 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 revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.39 EPS. On average, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.