Cobblestone Capital Advisors LLC NY Sells 1,333 Shares of The Walt Disney Company (NYSE:DIS)

Cobblestone Capital Advisors LLC NY trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 165,865 shares of the entertainment giant’s stock after selling 1,333 shares during the quarter. Walt Disney comprises about 1.0% of Cobblestone Capital Advisors LLC NY’s investment portfolio, making the stock its 29th largest holding. Cobblestone Capital Advisors LLC NY’s holdings in Walt Disney were worth $18,469,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. JFS Wealth Advisors LLC boosted its stake in shares of Walt Disney by 9.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 10,948 shares of the entertainment giant’s stock valued at $1,053,000 after purchasing an additional 918 shares in the last quarter. Goldstone Financial Group LLC acquired a new stake in Walt Disney during the 3rd quarter worth approximately $365,000. Reston Wealth Management LLC acquired a new stake in Walt Disney during the 3rd quarter worth approximately $72,000. LCM Capital Management Inc boosted its position in Walt Disney by 2.3% during the 3rd quarter. LCM Capital Management Inc now owns 8,218 shares of the entertainment giant’s stock worth $790,000 after buying an additional 188 shares during the period. Finally, Lincluden Management Ltd. boosted its position in Walt Disney by 28.7% during the 3rd quarter. Lincluden Management Ltd. now owns 45,949 shares of the entertainment giant’s stock worth $4,420,000 after buying an additional 10,256 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DIS has been the subject of several research analyst reports. Loop Capital lifted their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Guggenheim lifted their price objective on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. TD Cowen lifted their price target on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Macquarie reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Finally, The Goldman Sachs Group raised their price objective on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $125.44.

Walt Disney Stock Performance

Walt Disney stock opened at $113.82 on Friday. The stock’s 50 day simple moving average is $110.68 and its two-hundred day simple moving average is $103.23. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The stock has a market cap of $205.77 billion, a price-to-earnings ratio of 37.08, a PEG ratio of 1.80 and a beta of 1.42. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. As a group, analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were issued a $0.50 dividend. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney’s payout ratio is presently 32.57%.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,054,870.70. The trade was a 15.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.16% of the stock is owned by company insiders.

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.