Jacobs & Co. CA Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Jacobs & Co. CA lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 101,012 shares of the entertainment giant’s stock after selling 2,197 shares during the period. Jacobs & Co. CA’s holdings in Walt Disney were worth $9,018,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Dark Forest Capital Management LP bought a new position in shares of Walt Disney in the 1st quarter worth approximately $28,000. Worth Asset Management LLC bought a new position in Walt Disney in the first quarter worth $29,000. MBM Wealth Consultants LLC lifted its position in Walt Disney by 197.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after buying an additional 243 shares during the period. Silicon Valley Capital Partners bought a new stake in shares of Walt Disney during the 4th quarter valued at $35,000. Finally, Fortis Capital Advisors LLC bought a new stake in shares of Walt Disney during the 4th quarter valued at $39,000. 61.17% of the stock is owned by institutional investors.

Walt Disney Stock Down 0.6 %

Shares of DIS stock opened at $85.03 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 0.44. The Walt Disney Company has a 12 month low of $79.75 and a 12 month high of $118.18. The stock has a market cap of $155.58 billion, a P/E ratio of 69.13, a P/E/G ratio of 1.72 and a beta of 1.28. The company has a 50 day simple moving average of $85.78 and a two-hundred day simple moving average of $91.59.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The company had revenue of $22.33 billion during the quarter, compared to the consensus estimate of $22.50 billion. During the same period in the previous year, the company posted $1.09 EPS. The firm’s revenue was up 3.8% on a year-over-year basis. On average, research analysts expect that The Walt Disney Company will post 3.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of recent research reports. Loop Capital lowered their price target on shares of Walt Disney from $120.00 to $110.00 in a research report on Monday, June 26th. StockNews.com started coverage on shares of Walt Disney in a report on Thursday, August 17th. They set a “sell” rating for the company. Citigroup cut their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, August 16th. Credit Suisse Group lowered their price objective on Walt Disney from $126.00 to $122.00 and set an “outperform” rating for the company in a research note on Monday, August 21st. Finally, Rosenblatt Securities boosted their target price on Walt Disney from $102.00 to $104.00 and gave the stock a “buy” rating in a report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $114.58.

Insiders Place Their Bets

In other news, EVP Sonia L. Coleman sold 959 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total transaction of $85,398.95. Following the sale, the executive vice president now directly owns 961 shares in the company, valued at approximately $85,577.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.