Cooke & Bieler LP Sells 21,193 Shares of The Walt Disney Company $DIS

Cooke & Bieler LP cut its stake in The Walt Disney Company (NYSE:DIS) by 2.4% in the second quarter, HoldingsChannel.com reports. The fund owned 879,948 shares of the entertainment giant’s stock after selling 21,193 shares during the period. Cooke & Bieler LP’s holdings in Walt Disney were worth $109,122,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brighton Jones LLC increased its position in shares of Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after buying an additional 1,904 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of Walt Disney by 19.7% in the 1st quarter. Golden State Wealth Management LLC now owns 7,220 shares of the entertainment giant’s stock valued at $713,000 after buying an additional 1,188 shares in the last quarter. Private Trust Co. NA increased its position in shares of Walt Disney by 4.4% in the 1st quarter. Private Trust Co. NA now owns 13,319 shares of the entertainment giant’s stock valued at $1,315,000 after buying an additional 567 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of Walt Disney by 4.8% in the 1st quarter. First Horizon Advisors Inc. now owns 20,367 shares of the entertainment giant’s stock valued at $2,010,000 after buying an additional 940 shares in the last quarter. Finally, Goelzer Investment Management Inc. increased its holdings in shares of Walt Disney by 3.6% in the first quarter. Goelzer Investment Management Inc. now owns 31,527 shares of the entertainment giant’s stock worth $3,112,000 after acquiring an additional 1,096 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent analyst reports. Susquehanna restated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. UBS Group increased their target price on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Citigroup increased their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Arete Research raised shares of Walt Disney to a “strong sell” rating in a research report on Tuesday. Finally, Morgan Stanley increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney Price Performance

Shares of DIS opened at $112.70 on Friday. The stock has a market capitalization of $202.63 billion, a P/E ratio of 17.66, a P/E/G ratio of 1.45 and a beta of 1.54. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a 50 day moving average of $114.12 and a 200-day moving average of $112.68. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.39 earnings per share. As a group, equities research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.