Cohen Capital Management Inc. Buys 33,740 Shares of The Walt Disney Company (NYSE:DIS)

Cohen Capital Management Inc. increased its position in shares of The Walt Disney Company (NYSE:DIS) by 834.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,781 shares of the entertainment giant’s stock after buying an additional 33,740 shares during the quarter. Cohen Capital Management Inc.’s holdings in Walt Disney were worth $3,634,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors increased its holdings in Walt Disney by 3,332.4% in the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after buying an additional 6,084,993 shares during the period. Swedbank AB acquired a new stake in shares of Walt Disney during the 1st quarter valued at about $493,715,000. Farallon Capital Management LLC bought a new stake in Walt Disney in the second quarter valued at about $355,673,000. Ontario Teachers Pension Plan Board acquired a new position in Walt Disney in the first quarter worth about $425,567,000. Finally, International Assets Investment Management LLC lifted its stake in Walt Disney by 12,574.4% during the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock worth $329,585,000 after purchasing an additional 3,399,359 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DIS. Morgan Stanley dropped their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Wells Fargo & Company reduced their target price on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Evercore ISI dropped their target price on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and issued a $110.00 price target on shares of Walt Disney in a research report on Wednesday, October 23rd. Finally, Bank of America dropped their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Price Performance

DIS opened at $95.71 on Monday. The company has a fifty day moving average price of $93.16 and a two-hundred day moving average price of $97.34. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market capitalization of $173.58 billion, a PE ratio of 36.85, a P/E/G ratio of 1.53 and a beta of 1.40. The Walt Disney Company has a 52 week low of $83.59 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 earnings per share. As a group, analysts anticipate that The Walt Disney Company will post 4.93 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by insiders.

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.