Cooke & Bieler LP Sells 21,193 Shares of The Walt Disney Company $DIS

Cooke & Bieler LP cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 879,948 shares of the entertainment giant’s stock after selling 21,193 shares during the quarter. Cooke & Bieler LP’s holdings in Walt Disney were worth $109,122,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Crescent Sterling Ltd. bought a new position in Walt Disney during the 2nd quarter valued at about $221,000. Hutchinson Financial Advisors INC bought a new position in shares of Walt Disney in the second quarter valued at approximately $157,368,000. Syverson Strege & Co bought a new position in shares of Walt Disney in the second quarter valued at approximately $323,000. Great Lakes Retirement Inc. raised its stake in shares of Walt Disney by 5.9% in the second quarter. Great Lakes Retirement Inc. now owns 7,571 shares of the entertainment giant’s stock valued at $943,000 after acquiring an additional 419 shares during the last quarter. Finally, Mccarter Private Wealth Services LLC raised its stake in shares of Walt Disney by 33.5% in the second quarter. Mccarter Private Wealth Services LLC now owns 3,674 shares of the entertainment giant’s stock valued at $456,000 after acquiring an additional 922 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Performance

Walt Disney stock opened at $112.70 on Friday. 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 1 year low of $80.10 and a 1 year high of $124.69. The company has a market cap of $202.63 billion, a PE ratio of 17.66, a PEG ratio of 1.45 and a beta of 1.54. The company’s 50-day moving average is $114.12 and its two-hundred day moving average is $112.68.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the prior year, the company posted $1.39 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. Equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on DIS. JPMorgan Chase & Co. boosted their price objective on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Tuesday, September 23rd. Arete Research upgraded shares of Walt Disney to a “strong sell” rating in a research report on Tuesday. Evercore ISI upped their target price on shares of Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Finally, Wall Street Zen lowered shares of Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Nineteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $132.90.

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.