Cobblestone Capital Advisors LLC NY Sells 6,459 Shares of The Walt Disney Company $DIS

Cobblestone Capital Advisors LLC NY cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 36.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,176 shares of the entertainment giant’s stock after selling 6,459 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Walt Disney were worth $1,386,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Bessemer Group Inc. increased its position in shares of Walt Disney by 3.3% during the second quarter. Bessemer Group Inc. now owns 54,846 shares of the entertainment giant’s stock worth $6,802,000 after acquiring an additional 1,771 shares during the period. Brookwood Investment Group LLC increased its position in shares of Walt Disney by 25.5% during the second quarter. Brookwood Investment Group LLC now owns 7,562 shares of the entertainment giant’s stock worth $938,000 after acquiring an additional 1,535 shares during the period. Banco Santander S.A. increased its position in shares of Walt Disney by 101.8% during the second quarter. Banco Santander S.A. now owns 281,063 shares of the entertainment giant’s stock worth $34,855,000 after acquiring an additional 141,809 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Walt Disney by 9.9% during the second quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 231,093 shares of the entertainment giant’s stock worth $28,598,000 after acquiring an additional 20,900 shares during the period. Finally, Solstein Capital LLC increased its position in shares of Walt Disney by 602.9% during the second quarter. Solstein Capital LLC now owns 478 shares of the entertainment giant’s stock worth $59,000 after acquiring an additional 410 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

DIS stock opened at $111.64 on Monday. The firm has a market cap of $200.72 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 1.46 and a beta of 1.54. The firm has a 50-day simple moving average of $114.64 and a two-hundred day simple moving average of $111.99. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same period in the previous year, the company earned $1.39 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DIS shares. UBS Group raised their target price on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Rosenblatt Securities reaffirmed a “buy” rating and set a $141.00 target price on shares of Walt Disney in a research report on Friday, October 17th. Barclays lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Finally, Chardan Capital reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.90.

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.