The Walt Disney Company (NYSE:DIS) Stock Position Lessened by Coho Partners Ltd.

Coho Partners Ltd. reduced its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 27.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 587,229 shares of the entertainment giant's stock after selling 224,176 shares during the quarter. Walt Disney comprises about 3.5% of Coho Partners Ltd.'s investment portfolio, making the stock its 12th largest holding. Coho Partners Ltd.'s holdings in Walt Disney were worth $57,959,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new position in Walt Disney during the 4th quarter valued at $27,000. FPC Investment Advisory Inc. bought a new position in Walt Disney during the fourth quarter valued at about $28,000. Tacita Capital Inc boosted its stake in Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after buying an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Walt Disney during the fourth quarter worth about $32,000. Finally, Midwest Capital Advisors LLC bought a new stake in Walt Disney in the fourth quarter worth about $34,000. 65.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president now owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Trading Down 0.2%

Walt Disney stock opened at $117.61 on Friday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $120.50. 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 stock has a market cap of $211.44 billion, a P/E ratio of 24.05, a P/E/G ratio of 1.72 and a beta of 1.54. The company's fifty day simple moving average is $104.69 and its 200-day simple moving average is $105.80.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The firm had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. The business's quarterly revenue was up 7.0% compared to the same quarter last year. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DIS. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research report on Monday, April 21st. Rosenblatt Securities lifted their price target on shares of Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. UBS Group increased 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. Morgan Stanley raised their price objective on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Guggenheim cut their target price on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $123.96.

About Walt Disney

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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