Bridgefront Capital LLC Invests $2.95 Million in The Walt Disney Company (NYSE:DIS)

Bridgefront Capital LLC bought a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 26,510 shares of the entertainment giant's stock, valued at approximately $2,952,000. Walt Disney makes up approximately 1.0% of Bridgefront Capital LLC's investment portfolio, making the stock its 2nd biggest position.

Several other institutional investors also recently bought and sold shares of the business. Farmers Trust Co. boosted its stake in shares of Walt Disney by 1.1% in the fourth quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant's stock valued at $945,000 after purchasing an additional 92 shares during the period. Pathway Financial Advisors LLC boosted its position in Walt Disney by 2.7% in the 4th quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant's stock valued at $386,000 after buying an additional 92 shares during the last quarter. Prossimo Advisors LLC grew its stake in shares of Walt Disney by 1.1% during the fourth quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant's stock valued at $972,000 after acquiring an additional 92 shares in the last quarter. Saxon Interests Inc. increased its position in shares of Walt Disney by 2.8% during the fourth quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant's stock worth $380,000 after acquiring an additional 93 shares during the last quarter. Finally, Onefund LLC lifted its stake in shares of Walt Disney by 2.0% in the fourth quarter. Onefund LLC now owns 4,856 shares of the entertainment giant's stock worth $541,000 after acquiring an additional 93 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of NYSE:DIS traded up $0.09 on Tuesday, hitting $92.20. The company's stock had a trading volume of 11,789,668 shares, compared to its average volume of 10,106,690. The company has a market capitalization of $166.68 billion, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $118.63. The stock's 50-day moving average is $94.31 and its two-hundred day moving average is $104.06.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, equities research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of recent analyst reports. Prescient Securities dropped their price objective on Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Loop Capital lifted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. The Goldman Sachs Group raised their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Redburn Atlantic raised shares of Walt Disney from a "neutral" rating to a "buy" rating and increased their price target for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Finally, Barclays lowered their price objective on Walt Disney from $125.00 to $115.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $123.75.

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.