Bridges Investment Management Inc. Has $2.83 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Bridges Investment Management Inc. grew its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 16.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 28,666 shares of the entertainment giant's stock after acquiring an additional 3,984 shares during the period. Bridges Investment Management Inc.'s holdings in Walt Disney were worth $2,829,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Van Cleef Asset Management Inc lifted its position in shares of Walt Disney by 3.5% during the 1st quarter. Van Cleef Asset Management Inc now owns 85,960 shares of the entertainment giant's stock valued at $8,484,000 after acquiring an additional 2,892 shares during the last quarter. Banque Pictet & Cie SA lifted its holdings in shares of Walt Disney by 2.9% in the first quarter. Banque Pictet & Cie SA now owns 23,208 shares of the entertainment giant's stock valued at $2,291,000 after purchasing an additional 648 shares in the last quarter. Twelve Points Wealth Management LLC lifted its holdings in shares of Walt Disney by 3.5% in the first quarter. Twelve Points Wealth Management LLC now owns 3,906 shares of the entertainment giant's stock valued at $386,000 after purchasing an additional 132 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in shares of Walt Disney by 1.2% in the first quarter. Rehmann Capital Advisory Group now owns 18,765 shares of the entertainment giant's stock valued at $1,852,000 after purchasing an additional 219 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Walt Disney by 49.9% in the first quarter. Cornerstone Planning Group LLC now owns 1,625 shares of the entertainment giant's stock valued at $160,000 after purchasing an additional 541 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Performance

DIS stock traded down $1.74 during trading on Friday, reaching $119.82. 6,107,624 shares of the stock were exchanged, compared to its average volume of 10,007,504. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a market capitalization of $215.41 billion, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 1.78 and a beta of 1.56. The stock has a 50 day simple moving average of $114.35 and a 200-day simple moving average of $106.65. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The business had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same period last year, the business earned $1.21 earnings per share. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Jefferies Financial Group upgraded Walt Disney from a "hold" rating to a "buy" rating and increased their target price for the company from $100.00 to $144.00 in a report on Monday, June 30th. Morgan Stanley increased their target price on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Barclays increased their target price on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Wednesday. Rosenblatt Securities increased their price objective on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Finally, Guggenheim increased their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $127.35.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president directly owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is currently owned by company insiders.

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.