Cabot Wealth Management Inc. Cuts Stake in The Walt Disney Company $DIS

Cabot Wealth Management Inc. lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 0.1% in the second quarter, Holdings Channel reports. The institutional investor owned 101,074 shares of the entertainment giant’s stock after selling 91 shares during the period. Walt Disney accounts for 1.5% of Cabot Wealth Management Inc.’s holdings, making the stock its 25th biggest holding. Cabot Wealth Management Inc.’s holdings in Walt Disney were worth $12,534,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DIS. Brighton Jones LLC raised its position in Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after buying an additional 1,904 shares during the last quarter. GAMMA Investing LLC raised its position in Walt Disney by 8.1% during the 1st quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock worth $2,451,000 after buying an additional 1,856 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in Walt Disney by 41.2% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 407,670 shares of the entertainment giant’s stock worth $40,237,000 after buying an additional 118,989 shares during the last quarter. Diversified Trust Co raised its position in Walt Disney by 1.1% during the 1st quarter. Diversified Trust Co now owns 19,260 shares of the entertainment giant’s stock worth $1,901,000 after buying an additional 212 shares during the last quarter. Finally, Artemis Investment Management LLP acquired a new position in shares of Walt Disney during the 1st quarter worth $10,305,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Wall Street Zen cut shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Barclays upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Evercore ISI upped their price target on shares of Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. upped their price target on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Nineteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

Walt Disney Price Performance

Shares of NYSE DIS opened at $111.64 on Friday. The stock has a market cap of $200.72 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 1.46 and a beta of 1.54. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company’s 50-day moving average price is $114.64 and its 200 day moving average price is $111.84. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

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

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.