Coastline Trust Co Increases Stake in Walt Disney Co (DIS)

Coastline Trust Co raised its position in shares of Walt Disney Co (NYSE:DIS) by 33.3% during the first quarter, Holdings Channel reports. The firm owned 11,330 shares of the entertainment giant’s stock after buying an additional 2,828 shares during the period. Coastline Trust Co’s holdings in Walt Disney were worth $1,284,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DIS. Private Wealth Advisors Inc. boosted its stake in shares of Walt Disney by 4.1% in the third quarter. Private Wealth Advisors Inc. now owns 26,933 shares of the entertainment giant’s stock worth $2,501,000 after buying an additional 1,071 shares in the last quarter. Waters Parkerson & CO. LLC boosted its stake in shares of Walt Disney by 4.8% in the third quarter. Waters Parkerson & CO. LLC now owns 12,652 shares of the entertainment giant’s stock worth $1,175,000 after buying an additional 575 shares in the last quarter. TLP Group LLC purchased a new stake in shares of Walt Disney during the third quarter worth approximately $129,000. Two Sigma Securities LLC purchased a new stake in shares of Walt Disney during the third quarter worth approximately $762,000. Finally, UBS Oconnor LLC purchased a new stake in shares of Walt Disney during the third quarter worth approximately $8,313,000. 58.65% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

Shares of Walt Disney Co (NYSE DIS) opened at 105.92 on Thursday. Walt Disney Co has a 52-week low of $90.32 and a 52-week high of $116.10. The firm has a market capitalization of $165.75 billion, a P/E ratio of 18.47 and a beta of 1.25. The company’s 50-day moving average is $110.41 and its 200 day moving average is $108.79.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, May 9th. The entertainment giant reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.05. The company had revenue of $13.34 billion for the quarter, compared to analysts’ expectations of $13.44 billion. Walt Disney had a net margin of 16.29% and a return on equity of 19.43%. Walt Disney’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.36 earnings per share. Analysts expect that Walt Disney Co will post $5.95 EPS for the current fiscal year.

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DIS has been the subject of a number of recent analyst reports. Jefferies Group LLC increased their price target on shares of Walt Disney from $100.00 to $110.00 and gave the company a “hold” rating in a research note on Monday, March 27th. Needham & Company LLC reiterated a “hold” rating on shares of Walt Disney in a research note on Tuesday, April 25th. Instinet reiterated a “buy” rating and issued a $120.00 price target on shares of Walt Disney in a research note on Wednesday, March 8th. Goldman Sachs Group Inc set a $138.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research note on Tuesday, April 11th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $125.00 price target (down previously from $130.00) on shares of Walt Disney in a research note on Monday, May 15th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seventeen have given a buy rating to the stock. Walt Disney presently has an average rating of “Hold” and a consensus price target of $116.49.

In related news, Director Susan E. Arnold sold 12,143 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $109.02, for a total value of $1,323,829.86. Following the transaction, the director now directly owns 48,673 shares in the company, valued at $5,306,330.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Brent Woodford sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 18th. The stock was sold at an average price of $114.50, for a total transaction of $229,000.00. Following the completion of the transaction, the executive vice president now owns 27,745 shares in the company, valued at $3,176,802.50. The disclosure for this sale can be found here. 13.00% of the stock is currently owned by corporate insiders.

Walt Disney Company Profile

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

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