The Walt Disney Company (NYSE:DIS) Shares Bought by Bridges Investment Management Inc.

Bridges Investment Management Inc. lifted its position in The Walt Disney Company (NYSE:DIS - Free Report) by 16.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,666 shares of the entertainment giant's stock after purchasing an additional 3,984 shares during the period. Bridges Investment Management Inc.'s holdings in Walt Disney were worth $2,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the transaction, the executive vice president owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DIS shares. Morgan Stanley lifted their price target on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a report on Monday, April 21st. Barclays boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday. Loop Capital raised their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, Jefferies Financial Group upgraded Walt Disney from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $100.00 to $144.00 in a research note on Monday, June 30th. Five equities research 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 data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $127.35.

Walt Disney Trading Up 0.5%

Walt Disney stock traded up $0.56 during mid-day trading on Thursday, hitting $121.17. The company's stock had a trading volume of 3,635,329 shares, compared to its average volume of 9,991,585. The stock's fifty day moving average is $113.74 and its two-hundred day moving average is $106.58. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $217.83 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 1.78 and a beta of 1.56. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) 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 firm had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same period last year, the company earned $1.21 EPS. The company's quarterly revenue was up 7.0% on a year-over-year basis. On average, analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Company 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.