The Walt Disney Company (NYSE:DIS) Shares Sold by Cobblestone Capital Advisors LLC NY

Key Points

• Cobblestone Capital Advisors LLC NY significantly reduced its holdings in The Walt Disney Company by 89.4%, owning only 17,635 shares after selling 148,230 shares during the first quarter.
• Other institutional investors have made notable changes, with Nuveen LLC acquiring a new position valued at approximately $1.35 billion and DZ BANK AG increasing its holdings by 1,900%.
• The Walt Disney Company reported earnings of $1.61 per share, surpassing analysts' expectations and reflecting a 2.1% increase in quarterly revenue compared to the previous year.

Cobblestone Capital Advisors LLC NY reduced its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 89.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,635 shares of the entertainment giant's stock after selling 148,230 shares during the quarter. Cobblestone Capital Advisors LLC NY's holdings in Walt Disney were worth $1,741,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Nuveen LLC purchased a new position in Walt Disney during the first quarter valued at approximately $1,353,607,000. Aigen Investment Management LP increased its position in shares of Walt Disney by 130.8% in the first quarter. Aigen Investment Management LP now owns 46,730 shares of the entertainment giant's stock valued at $4,612,000 after buying an additional 26,484 shares in the last quarter. Cooper Financial Group increased its position in shares of Walt Disney by 2.5% in the first quarter. Cooper Financial Group now owns 20,897 shares of the entertainment giant's stock valued at $2,063,000 after buying an additional 517 shares in the last quarter. Coronation Fund Managers Ltd. increased its position in shares of Walt Disney by 1.1% in the first quarter. Coronation Fund Managers Ltd. now owns 189,762 shares of the entertainment giant's stock valued at $18,730,000 after buying an additional 1,977 shares in the last quarter. Finally, Virtu Financial LLC increased its position in shares of Walt Disney by 182.8% in the first quarter. Virtu Financial LLC now owns 33,193 shares of the entertainment giant's stock valued at $3,276,000 after buying an additional 21,455 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays boosted their price objective on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Raymond James Financial restated a "neutral" rating on shares of Walt Disney in a research report on Monday. Morgan Stanley boosted their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a research report on Monday. Finally, Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a research report on Monday, April 21st. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $131.18.

Walt Disney Trading Up 2.7%

NYSE DIS traded up $3.10 on Wednesday, reaching $116.82. 4,694,161 shares of the company were exchanged, compared to its average volume of 9,828,022. The business's fifty day moving average price is $119.16 and its 200 day moving average price is $108.02. The stock has a market capitalization of $210.03 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 1.63 and a beta of 1.56. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

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