Cohen Investment Advisors LLC Increases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Cohen Investment Advisors LLC raised its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 14.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,473 shares of the entertainment giant's stock after buying an additional 2,929 shares during the quarter. Cohen Investment Advisors LLC's holdings in Walt Disney were worth $2,317,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new position in shares of Walt Disney during the fourth quarter valued at about $27,000. Kessler Investment Group LLC lifted its holdings in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after buying an additional 200 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Walt Disney in the 4th quarter worth approximately $32,000. Copia Wealth Management bought a new position in Walt Disney in the 4th quarter worth $36,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $39,000. Institutional investors own 65.71% of the company's stock.

Walt Disney Trading Down 0.7%

DIS stock traded down $0.83 during mid-day trading on Monday, hitting $123.17. 6,973,733 shares of the company were exchanged, compared to its average volume of 10,031,971. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $111.87 and a 200-day simple moving average of $106.30. The firm has a market capitalization of $221.43 billion, a P/E ratio of 25.19, a PEG ratio of 1.81 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same period in the prior year, the business earned $1.21 EPS. The firm's quarterly revenue was up 7.0% on a year-over-year basis. On average, equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the sale, the executive vice president owned 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DIS has been the subject of several research analyst reports. Barclays lifted their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Loop Capital increased their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Morgan Stanley lifted their price target on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. UBS Group raised their price objective on Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Guggenheim boosted their target price on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $125.83.

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.