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

Bridges Investment Management Inc. increased its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 16.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,666 shares of the entertainment giant's stock after buying an additional 3,984 shares during the quarter. Bridges Investment Management Inc.'s holdings in Walt Disney were worth $2,829,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new stake in Walt Disney during the fourth quarter worth $27,000. Kessler Investment Group LLC raised its stake in shares of Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after purchasing an additional 200 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Walt Disney in the 4th quarter worth about $32,000. Copia Wealth Management bought a new position in Walt Disney during the fourth quarter valued at about $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in Walt Disney during the fourth quarter worth about $39,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Down 0.9%

DIS traded down $1.07 during midday trading on Wednesday, reaching $120.75. 6,711,795 shares of the company's stock traded hands, compared to its average volume of 10,016,224. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The stock has a market capitalization of $217.08 billion, a price-to-earnings ratio of 24.69, a P/E/G ratio of 1.78 and a beta of 1.56. The firm has a fifty day moving average of $113.14 and a two-hundred day moving average of $106.49.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.21 earnings per share. On average, equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DIS shares. Jefferies Financial Group upgraded Walt Disney from a "hold" rating to a "buy" rating and increased their price target for the stock from $100.00 to $144.00 in a research note on Monday, June 30th. Barclays upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday. UBS Group raised their price target on Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Morgan Stanley increased their price objective on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Needham & Company LLC restated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Five 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $127.35.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president owned 46,831 shares in the company, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.16% of the company's stock.

About Walt Disney

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.