Cooper Financial Group Increases Stock Position in The Walt Disney Company (NYSE:DIS)

Cooper Financial Group raised its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.5% during the first quarter, HoldingsChannel reports. The fund owned 20,897 shares of the entertainment giant’s stock after acquiring an additional 517 shares during the quarter. Cooper Financial Group’s holdings in Walt Disney were worth $2,063,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Acorns Advisers LLC boosted its stake in Walt Disney by 2.6% during the 4th quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant’s stock valued at $426,000 after acquiring an additional 98 shares during the last quarter. Clearstead Trust LLC boosted its stake in Walt Disney by 0.6% during the 1st quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant’s stock valued at $1,629,000 after acquiring an additional 99 shares during the last quarter. Hemington Wealth Management lifted its position in shares of Walt Disney by 1.9% in the 1st quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant’s stock worth $555,000 after buying an additional 105 shares during the last quarter. Allegheny Financial Group lifted its position in shares of Walt Disney by 2.3% in the 4th quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant’s stock worth $515,000 after buying an additional 106 shares during the last quarter. Finally, Resonant Capital Advisors LLC lifted its position in shares of Walt Disney by 0.4% in the 1st quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant’s stock worth $2,578,000 after buying an additional 113 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president directly owned 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.16% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Barclays raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Morgan Stanley raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Citigroup raised their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Rosenblatt Securities raised 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. Finally, JPMorgan Chase & Co. increased their price objective on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.14.

Walt Disney Stock Performance

NYSE:DIS opened at $112.40 on Friday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.61 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average of $119.16 and a 200-day moving average of $108.00. The firm has a market cap of $202.07 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 1.62 and a beta of 1.56.

Walt Disney (NYSE:DIS) last posted 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. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same quarter last year, the firm posted $1.39 EPS. The business’s revenue for the quarter 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 fiscal year.

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.