Bridges Investment Management Inc. Reduces Stock Position in The Walt Disney Company (NYSE:DIS)

Bridges Investment Management Inc. lowered its position in shares of The Walt Disney Company (NYSE:DISFree Report) by 3.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,331 shares of the entertainment giant’s stock after selling 723 shares during the quarter. Bridges Investment Management Inc.’s holdings in Walt Disney were worth $1,655,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. WNY Asset Management LLC boosted its position in Walt Disney by 32.8% during the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after buying an additional 2,304 shares during the period. Silvia Mccoll Wealth Management LLC boosted its position in Walt Disney by 4.2% during the 2nd quarter. Silvia Mccoll Wealth Management LLC now owns 4,040 shares of the entertainment giant’s stock valued at $361,000 after buying an additional 164 shares during the period. Pathway Financial Advisors LLC boosted its position in Walt Disney by 4.9% during the 3rd quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock valued at $245,000 after buying an additional 141 shares during the period. Tempus Wealth Planning LLC raised its holdings in Walt Disney by 4.5% in the 3rd quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock worth $1,031,000 after purchasing an additional 546 shares in the last quarter. Finally, DCM Advisors LLC raised its holdings in Walt Disney by 0.3% in the 2nd quarter. DCM Advisors LLC now owns 73,970 shares of the entertainment giant’s stock worth $6,604,000 after purchasing an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE DIS traded down $0.63 during trading hours on Wednesday, hitting $122.19. 2,693,387 shares of the company’s stock traded hands, compared to its average volume of 12,401,437. The business’s fifty day moving average price is $109.57 and its two-hundred day moving average price is $95.68. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $224.13 billion, a P/E ratio of 75.82, a P/E/G ratio of 1.86 and a beta of 1.42. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74.

Walt Disney (NYSE:DISGet Free Report) last announced its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.25. The company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 earnings per share. Equities research analysts predict that The Walt Disney Company will post 4.67 EPS for the current year.

Walt Disney Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be issued a dividend of $0.45 per share. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio is currently 18.52%.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Raymond James upped their price objective on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Wells Fargo & Company upped their price objective on shares of Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Barclays upgraded shares of Walt Disney from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $95.00 to $135.00 in a report on Monday, March 25th. Finally, The Goldman Sachs Group decreased their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average target price of $121.04.

Read Our Latest Analysis on Walt Disney

About Walt Disney

(Free Report)

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.

See Also

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

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