Three Bridge Wealth Advisors LLC Sells 12,523 Shares of The Walt Disney Company (NYSE:DIS)

Three Bridge Wealth Advisors LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 57.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,246 shares of the entertainment giant's stock after selling 12,523 shares during the quarter. Three Bridge Wealth Advisors LLC's holdings in Walt Disney were worth $841,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Planned Solutions Inc. purchased a new position in Walt Disney in the fourth quarter worth $26,000. Partnership Wealth Management LLC purchased a new position in Walt Disney during the 4th quarter worth $33,000. Stone House Investment Management LLC increased its position in Walt Disney by 355.3% during the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant's stock valued at $31,000 after buying an additional 270 shares in the last quarter. Fortis Group Advisors LLC purchased a new stake in Walt Disney in the third quarter valued at about $30,000. Finally, Evolution Advisers Inc. grew its stake in shares of Walt Disney by 38.2% during the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant's stock worth $34,000 after acquiring an additional 105 shares during the last quarter. Institutional investors own 65.71% of the company's stock.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the business's stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Sonia L. Coleman sold 4,400 shares of the business's stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on DIS shares. Macquarie lifted their target price on shares of Walt Disney from $104.00 to $107.00 and gave the stock a "neutral" rating in a research note on Monday. Argus lifted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, April 10th. Morgan Stanley upped their target price on Walt Disney from $110.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, March 4th. Raymond James boosted their price target on Walt Disney from $112.00 to $128.00 and gave the company an "outperform" rating in a research note on Tuesday, March 26th. Finally, Barclays reduced their price objective on Walt Disney from $135.00 to $130.00 and set an "overweight" rating for the company in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-three have issued a buy rating to the company's stock. According to MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and an average price target of $126.58.

Walt Disney Price Performance

Shares of Walt Disney stock traded down $2.58 on Wednesday, reaching $102.77. The company's stock had a trading volume of 20,638,792 shares, compared to its average volume of 12,230,899. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The company has a market capitalization of $187.35 billion, a P/E ratio of 110.31, a PEG ratio of 1.29 and a beta of 1.40. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average price of $113.94 and a 200-day moving average price of $102.07.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. The company had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm's revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 EPS. Analysts expect that The Walt Disney Company will post 4.76 EPS for the current year.

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.

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