Cobblestone Capital Advisors LLC NY Boosts Stake in The Walt Disney Company (NYSE:DIS)

Cobblestone Capital Advisors LLC NY grew its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 165,245 shares of the entertainment giant’s stock after buying an additional 557 shares during the quarter. Walt Disney accounts for about 1.0% of Cobblestone Capital Advisors LLC NY’s investment portfolio, making the stock its 28th biggest position. Cobblestone Capital Advisors LLC NY’s holdings in Walt Disney were worth $16,407,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of DIS. ESL Trust Services LLC purchased a new stake in shares of Walt Disney during the first quarter valued at $31,000. Gold Investment Management Ltd. bought a new position in Walt Disney in the 4th quarter worth about $28,000. Partnership Wealth Management LLC purchased a new position in shares of Walt Disney during the fourth quarter worth approximately $33,000. Red Tortoise LLC raised its stake in shares of Walt Disney by 141.4% during the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 215 shares in the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new stake in shares of Walt Disney in the fourth quarter valued at approximately $37,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Walt Disney stock traded down $0.71 during mid-day trading on Friday, hitting $87.94. The company had a trading volume of 7,791,503 shares, compared to its average volume of 11,356,279. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $160.32 billion, a price-to-earnings ratio of 95.63, a P/E/G ratio of 1.34 and a beta of 1.40. The company’s fifty day moving average is $91.98 and its 200-day moving average is $103.26. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 earnings per share. Equities research analysts predict that The Walt Disney Company will post 4.92 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on DIS. Morgan Stanley reduced their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Loop Capital lowered their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Moffett Nathanson cut their target price on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Wells Fargo & Company lowered their price target on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective on the stock in a report on Tuesday, May 21st. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $117.95.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.10% of the company’s stock.

Walt Disney Company 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.