Cooper Financial Group Increases Stock Holdings in The Walt Disney Company $DIS

Key Points

• Cooper Financial Group increased its stake in The Walt Disney Company by 21.4%, owning 25,372 shares worth approximately $3.1 million after purchasing an additional 4,475 shares in the second quarter.
• Walt Disney's recent earnings report revealed $1.61 earnings per share, exceeding expectations, but revenue of $23.65 billion slightly fell short of estimates.
• Investment analysts maintain a favorable outlook for Walt Disney, with 19 analysts rating it as a Buy and a target price average of $131.18.

Cooper Financial Group raised its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 21.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,372 shares of the entertainment giant's stock after purchasing an additional 4,475 shares during the quarter. Cooper Financial Group's holdings in Walt Disney were worth $3,146,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. increased its position in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock valued at $26,000 after buying an additional 94 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new stake in Walt Disney during the 1st quarter valued at approximately $26,000. Kessler Investment Group LLC grew its holdings in shares of 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 during the period. Wolff Wiese Magana LLC grew its holdings in shares of Walt Disney by 41.5% during the 2nd quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant's stock worth $57,000 after acquiring an additional 135 shares during the period. Finally, First PREMIER Bank raised its position in shares of Walt Disney by 72.2% in the 1st quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock worth $48,000 after acquiring an additional 205 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Down 0.3%

Walt Disney stock opened at $114.47 on Wednesday. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The business's fifty day moving average is $116.70 and its 200 day moving average is $109.75. The stock has a market capitalization of $205.81 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.66 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to analysts' expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 EPS. On average, sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DIS. Stephens reaffirmed a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Raymond James Financial restated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Susquehanna reiterated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Needham & Company LLC reissued a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research note on Tuesday, September 23rd. Finally, Morgan Stanley upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Nineteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and an average target price of $131.18.

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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