Cooper Financial Group Sells 1,872 Shares of The Walt Disney Company (NYSE:DIS)

Cooper Financial Group reduced its stake in The Walt Disney Company (NYSE:DIS) by 22.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,524 shares of the entertainment giant’s stock after selling 1,872 shares during the quarter. Cooper Financial Group’s holdings in Walt Disney were worth $798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Walt Disney by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock valued at $13,673,834,000 after purchasing an additional 1,555,748 shares in the last quarter. Morgan Stanley raised its stake in Walt Disney by 0.4% in the third quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock valued at $3,592,010,000 after purchasing an additional 195,512 shares in the last quarter. Trian Fund Management L.P. raised its stake in Walt Disney by 411.6% in the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after purchasing an additional 26,443,257 shares in the last quarter. Norges Bank purchased a new stake in Walt Disney in the fourth quarter valued at approximately $1,938,647,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Walt Disney by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,943,052 shares of the entertainment giant’s stock valued at $897,758,000 after purchasing an additional 211,397 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $102.40 on Monday. The business has a 50-day simple moving average of $105.90 and a two-hundred day simple moving average of $104.42. The firm has a market cap of $186.68 billion, a price-to-earnings ratio of 111.16, a price-to-earnings-growth ratio of 1.27 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. During the same period in the previous year, the company posted $0.93 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. On average, analysts expect that The Walt Disney Company will post 4.75 earnings per share for the current year.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Walt Disney news, Director James P. Gorman purchased 20,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the transaction, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on DIS. Guggenheim lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Rosenblatt Securities lifted their price target on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Raymond James lifted their price target on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Barclays decreased their price target on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Finally, Wells Fargo & Company lifted their price target on shares of Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $126.29.

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.