Coastwise Capital Group LLC Grows Stake in The Walt Disney Company (NYSE:DIS)

Coastwise Capital Group LLC boosted its stake in The Walt Disney Company (NYSE:DIS) by 17.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,852 shares of the entertainment giant’s stock after buying an additional 1,009 shares during the quarter. Coastwise Capital Group LLC’s holdings in Walt Disney were worth $659,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DIS. William B. Walkup & Associates Inc. acquired a new stake in Walt Disney during the 2nd quarter worth $32,000. Mascoma Wealth Management LLC boosted its stake in Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after buying an additional 122 shares during the last quarter. First PREMIER Bank increased its stake in shares of Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after acquiring an additional 256 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of Walt Disney during the 3rd quarter valued at about $51,000. Finally, Iron Horse Wealth Management LLC grew its holdings in shares of Walt Disney by 148.7% in the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after purchasing an additional 333 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Needham & Company LLC upped their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Morgan Stanley boosted their price objective on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Sanford C. Bernstein increased their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Finally, Guggenheim lifted their price target on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $123.83.

Walt Disney Stock Down 0.1 %

Shares of NYSE DIS opened at $117.47 on Monday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The company has a market capitalization of $212.73 billion, a price-to-earnings ratio of 43.35, a price-to-earnings-growth ratio of 2.18 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The business has a 50-day moving average of $100.46 and a two-hundred day moving average of $97.17.

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.