Cohen Klingenstein LLC Sells 1,116 Shares of The Walt Disney Company $DIS

Cohen Klingenstein LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 0.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 553,075 shares of the entertainment giant’s stock after selling 1,116 shares during the period. Walt Disney makes up approximately 2.3% of Cohen Klingenstein LLC’s holdings, making the stock its 10th largest holding. Cohen Klingenstein LLC’s holdings in Walt Disney were worth $68,587,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. increased its holdings in Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after buying an additional 94 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Walt Disney during the 1st quarter valued at about $26,000. Kessler Investment Group LLC increased its stake in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after acquiring an additional 200 shares during the period. Wolff Wiese Magana LLC raised its position in Walt Disney by 41.5% in the second quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock worth $57,000 after purchasing an additional 135 shares in the last quarter. Finally, First PREMIER Bank lifted its stake in Walt Disney by 72.2% during the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock worth $48,000 after purchasing an additional 205 shares during the period. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the topic of several analyst reports. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Rosenblatt Securities upped their price target on Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Evercore ISI lifted their price objective on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Loop Capital boosted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Finally, Citigroup increased their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.18.

Walt Disney Stock Down 1.3%

Shares of NYSE:DIS opened at $112.97 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The firm has a market cap of $203.11 billion, a P/E ratio of 17.71, a P/E/G ratio of 1.66 and a beta of 1.54. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The company’s 50-day moving average price is $116.50 and its two-hundred day moving average price is $109.77.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same period last year, the firm earned $1.39 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.