Coastal Bridge Advisors LLC Grows Holdings in The Walt Disney Company (NYSE:DIS)

Coastal Bridge Advisors LLC increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 14.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 13,240 shares of the entertainment giant’s stock after purchasing an additional 1,653 shares during the period. Coastal Bridge Advisors LLC’s holdings in Walt Disney were worth $1,315,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. grew its stake in shares of Walt Disney by 84.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock valued at $244,754,000 after buying an additional 916,772 shares in the last quarter. Jennison Associates LLC purchased a new position in Walt Disney during the 1st quarter valued at about $1,490,492,000. Mirae Asset Global Investments Co. Ltd. grew its position in Walt Disney by 4.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock valued at $68,113,000 after acquiring an additional 22,568 shares in the last quarter. Rheos Capital Works Inc. increased its stake in Walt Disney by 41.3% during the first quarter. Rheos Capital Works Inc. now owns 175,900 shares of the entertainment giant’s stock worth $21,523,000 after purchasing an additional 51,400 shares during the period. Finally, Nordea Investment Management AB lifted its position in shares of Walt Disney by 555.9% during the first quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock worth $117,599,000 after purchasing an additional 810,923 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by insiders.

Walt Disney Price Performance

Shares of NYSE DIS opened at $96.01 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock has a market cap of $175.03 billion, a P/E ratio of 104.36, a P/E/G ratio of 1.53 and a beta of 1.40. The stock has a 50 day moving average of $90.40 and a two-hundred day moving average of $101.30. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same period last year, the firm posted $1.03 EPS. Walt Disney’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, research analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DIS. Bank of America dropped their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company dropped their price target on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. reduced their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Morgan Stanley lowered their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Finally, UBS Group reduced their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $118.43.

Walt Disney 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.