The Walt Disney Company (NYSE:DIS) Shares Purchased by Coho Partners Ltd.

Coho Partners Ltd. lifted its position in The Walt Disney Company (NYSE:DIS – Get Rating) by 20.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,638,051 shares of the entertainment giant’s stock after acquiring an additional 275,831 shares during the period. Walt Disney accounts for 2.4% of Coho Partners Ltd.’s holdings, making the stock its 24th largest position. Coho Partners Ltd. owned about 0.09% of Walt Disney worth $142,314,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DIS. Markel Corp boosted its stake in shares of Walt Disney by 2.3% in the first quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock worth $263,713,000 after acquiring an additional 42,500 shares during the last quarter. Fairfield Bush & CO. lifted its position in Walt Disney by 3.4% during the first quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock worth $1,320,000 after buying an additional 320 shares in the last quarter. United Bank lifted its position in Walt Disney by 8.7% during the first quarter. United Bank now owns 9,949 shares of the entertainment giant’s stock worth $1,365,000 after buying an additional 794 shares in the last quarter. AMI Investment Management Inc. lifted its position in Walt Disney by 4.6% during the first quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock worth $3,418,000 after buying an additional 1,094 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in Walt Disney by 0.6% during the first quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock worth $113,611,000 after buying an additional 4,722 shares in the last quarter. 62.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on DIS shares. Tigress Financial reduced their price objective on Walt Disney from $229.00 to $177.00 in a research report on Tuesday, November 22nd. Loop Capital lifted their price objective on Walt Disney from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. The Goldman Sachs Group lifted their price objective on Walt Disney from $119.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. Truist Financial reduced their target price on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Tuesday, January 17th. Finally, Moffett Nathanson upgraded Walt Disney from a “market perform” rating to an “outperform” rating and set a $120.00 target price on the stock in a research report on Monday, November 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.92.

Walt Disney Trading Down 1.2 %

DIS opened at $93.20 on Friday. The Walt Disney Company has a 12 month low of $84.07 and a 12 month high of $144.46. The stock has a market capitalization of $170.26 billion, a price-to-earnings ratio of 51.21, a PEG ratio of 2.31 and a beta of 1.30. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.99 and a quick ratio of 0.93. The business has a fifty day moving average price of $102.55 and a 200 day moving average price of $99.71.

Walt Disney (NYSE:DIS – Get Rating) last released its earnings results on Wednesday, February 8th. The entertainment giant reported $0.99 EPS for the quarter, topping the consensus estimate of $0.69 by $0.30. Walt Disney had a return on equity of 6.72% and a net margin of 3.93%. The firm had revenue of $23.51 billion during the quarter, compared to analysts’ expectations of $23.29 billion. During the same period in the previous year, the firm posted $1.06 EPS. Walt Disney’s revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts expect that The Walt Disney Company will post 3.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 1,139 shares of the company’s stock in a transaction dated Tuesday, January 24th. The stock was sold at an average price of $105.71, for a total transaction of $120,403.69. Following the completion of the transaction, the executive vice president now directly owns 32,047 shares of the company’s stock, valued at approximately $3,387,688.37. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Christine M. Mccarthy sold 42,533 shares of the company’s stock in a transaction dated Thursday, January 12th. The stock was sold at an average price of $98.46, for a total transaction of $4,187,799.18. Following the completion of the transaction, the chief financial officer now directly owns 181,830 shares of the company’s stock, valued at approximately $17,902,981.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Brent Woodford sold 1,139 shares of the company’s stock in a transaction dated Tuesday, January 24th. The stock was sold at an average price of $105.71, for a total value of $120,403.69. Following the transaction, the executive vice president now directly owns 32,047 shares of the company’s stock, valued at $3,387,688.37. The disclosure for this sale can be found here. Insiders sold 62,921 shares of company stock valued at $6,209,132 in the last three months. 0.10% of the stock is owned by corporate insiders.

Walt Disney Company Profile

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The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.