Coho Partners Ltd. Cuts Stake in The Walt Disney Company $DIS

Key Points

• Coho Partners Ltd. reduced its stake in The Walt Disney Company by 15.4%, selling 90,469 shares and currently holding 496,760 shares valued at approximately $61.6 million.
• The Walt Disney Company's stock price opened at $109.82, displaying a 1.7% decline, with a market cap of $197.45 billion.
• Walt Disney recently reported earnings of $1.61 per share, surpassing estimates, with a revenue of $23.65 billion, slightly below analyst expectations of $23.69 billion.

Coho Partners Ltd. lowered its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 15.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 496,760 shares of the entertainment giant's stock after selling 90,469 shares during the quarter. Walt Disney comprises approximately 4.6% of Coho Partners Ltd.'s investment portfolio, making the stock its 3rd biggest holding. Coho Partners Ltd.'s holdings in Walt Disney were worth $61,603,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DIS. MJT & Associates Financial Advisory Group Inc. bought a new stake in Walt Disney in the 1st quarter valued at $26,000. DiNuzzo Private Wealth Inc. lifted its holdings in shares of Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock valued at $26,000 after purchasing an additional 94 shares in the last quarter. Kessler Investment Group LLC lifted its holdings in shares of Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. Harbor Asset Planning Inc. bought a new stake in shares of Walt Disney in the second quarter valued at about $37,000. Finally, First PREMIER Bank lifted its holdings in shares of Walt Disney by 72.2% in the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock valued at $48,000 after purchasing an additional 205 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Walt Disney Stock Down 1.7%

Shares of DIS stock opened at $109.82 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The firm's 50-day moving average is $114.89 and its 200-day moving average is $110.66. The stock has a market cap of $197.45 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.47 and a beta of 1.54. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 earnings per share. Sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Citigroup boosted their target price on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Raymond James Financial restated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. UBS Group boosted their price objective 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. Weiss Ratings reissued a "hold (c+)" rating on shares of Walt Disney in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Walt Disney has a consensus rating of "Moderate Buy" and a consensus price target of $132.90.

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.

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