Coastline Trust Co Sells 2,940 Shares of The Walt Disney Company (NYSE:DIS)

Coastline Trust Co reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 89.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 330 shares of the entertainment giant’s stock after selling 2,940 shares during the period. Coastline Trust Co’s holdings in Walt Disney were worth $32,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quent Capital LLC grew its holdings in Walt Disney by 4.4% in the 1st quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock valued at $950,000 after buying an additional 327 shares during the last quarter. Edgestream Partners L.P. increased its position in Walt Disney by 3.4% during the first quarter. Edgestream Partners L.P. now owns 3,876 shares of the entertainment giant’s stock worth $474,000 after acquiring an additional 128 shares during the period. Rockport Wealth LLC bought a new position in Walt Disney during the first quarter worth $282,000. O Shaughnessy Asset Management LLC boosted its holdings in Walt Disney by 72.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 130,008 shares of the entertainment giant’s stock valued at $15,908,000 after purchasing an additional 54,447 shares during the period. Finally, Capitolis Liquid Global Markets LLC bought a new stake in Walt Disney in the 1st quarter valued at $59,345,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Up 5.5 %

Shares of NYSE DIS opened at $115.08 on Monday. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The firm’s 50-day simple moving average is $95.57 and its 200 day simple moving average is $96.60. The company has a quick ratio of 0.66, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The company has a market cap of $208.71 billion, a price-to-earnings ratio of 42.46, a price-to-earnings-growth ratio of 1.87 and a beta of 1.40.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Evercore ISI boosted their price objective on shares of Walt Disney from $105.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. UBS Group cut their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Sanford C. Bernstein lifted their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday. Wells Fargo & Company increased their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Piper Sandler started coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price on the stock. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.57.

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.