Coastal Bridge Advisors LLC Buys 231 Shares of The Walt Disney Company (NYSE:DIS)

Coastal Bridge Advisors LLC lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,488 shares of the entertainment giant’s stock after purchasing an additional 231 shares during the quarter. Coastal Bridge Advisors LLC’s holdings in Walt Disney were worth $1,390,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Trek Financial LLC lifted its holdings in shares of Walt Disney by 479.9% in the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock worth $4,044,000 after purchasing an additional 30,057 shares in the last quarter. Brookstone Capital Management lifted its stake in shares of Walt Disney by 10.5% in the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock valued at $15,687,000 after buying an additional 13,339 shares in the last quarter. Greystone Financial Group LLC grew its holdings in shares of Walt Disney by 13.3% during the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock valued at $9,486,000 after buying an additional 9,967 shares during the last quarter. Avanza Fonder AB bought a new stake in shares of Walt Disney during the fourth quarter worth about $15,125,000. Finally, FourThought Financial Partners LLC acquired a new stake in shares of Walt Disney in the 4th quarter worth about $446,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Up 10.7 %

Shares of NYSE DIS opened at $102.02 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average of $94.07 and a 200-day moving average of $104.04. The firm has a market capitalization of $184.43 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $118.63.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The company had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same period in the previous year, the business earned $1.21 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DIS has been the subject of several analyst reports. Loop Capital increased their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Wolfe Research upgraded Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective on the stock in a research note on Monday, April 21st. The Goldman Sachs Group increased their target price on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Prescient Securities decreased their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Finally, UBS Group reduced their target price on Walt Disney from $130.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.75.

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.