The Walt Disney Company $DIS Stock Position Raised by Bridgeway Capital Management LLC

Key Points

• Bridgeway Capital Management LLC increased its stake in The Walt Disney Company by 16.5% during the first quarter, owning 193,242 shares valued at approximately $19 million.
• The Walt Disney Company reported a quarterly earnings per share (EPS) of $1.61, surpassing analysts’ expectations of $1.45, while revenue for the quarter was $23.65 billion, slightly below the expected $23.69 billion.
• Analysts have mixed ratings for Disney stock, with one analyst issuing a Strong Buy, nineteen giving Buy ratings, and eight maintaining a Hold rating; the average price target is $131.18.

Bridgeway Capital Management LLC grew its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 16.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 193,242 shares of the entertainment giant's stock after buying an additional 27,384 shares during the period. Bridgeway Capital Management LLC's holdings in Walt Disney were worth $19,073,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in DIS. Brighton Jones LLC grew its stake in shares of Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after buying an additional 1,904 shares during the period. Benjamin Edwards Inc. boosted its position in Walt Disney by 2.5% during the 4th quarter. Benjamin Edwards Inc. now owns 29,958 shares of the entertainment giant's stock worth $3,336,000 after purchasing an additional 736 shares during the period. Caxton Associates LP purchased a new stake in Walt Disney during the 4th quarter worth $1,081,000. Captrust Financial Advisors boosted its position in Walt Disney by 5.3% during the 4th quarter. Captrust Financial Advisors now owns 245,967 shares of the entertainment giant's stock worth $27,388,000 after purchasing an additional 12,277 shares during the period. Finally, Brevan Howard Capital Management LP purchased a new stake in Walt Disney during the 4th quarter worth $3,522,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Down 0.7%

DIS stock traded down $0.88 during trading on Friday, reaching $117.93. The stock had a trading volume of 6,668,217 shares, compared to its average volume of 6,294,819. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $212.03 billion, a P/E ratio of 18.48, a PEG ratio of 1.72 and a beta of 1.55. The firm has a fifty day moving average price of $119.01 and a 200 day moving average price of $108.80.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.39 EPS. On average, equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group upped their price target on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Loop Capital upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Citigroup upped their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $131.18.

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.