Bridgeway Capital Management LLC Lowers Holdings in The Walt Disney Company (NYSE:DIS)

Bridgeway Capital Management LLC lowered its position in The Walt Disney Company (NYSE:DIS - Free Report) by 10.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 165,858 shares of the entertainment giant's stock after selling 19,429 shares during the period. Bridgeway Capital Management LLC's holdings in Walt Disney were worth $18,468,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in Walt Disney by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock worth $4,272,590,000 after buying an additional 809,989 shares during the last quarter. Northern Trust Corp grew its stake in Walt Disney by 10.4% in the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock valued at $2,476,693,000 after purchasing an additional 2,096,431 shares during the last quarter. Norges Bank purchased a new stake in Walt Disney during the fourth quarter valued at approximately $2,415,427,000. Jennison Associates LLC increased its position in Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock valued at $2,137,637,000 after buying an additional 3,636,742 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Walt Disney by 15.5% in the 4th quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant's stock worth $1,904,563,000 after purchasing an additional 2,300,912 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on DIS. The Goldman Sachs Group increased their price target on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Redburn Atlantic raised Walt Disney from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Rosenblatt Securities reiterated a "buy" rating and issued a $135.00 price objective on shares of Walt Disney in a report on Monday, February 10th. Prescient Securities dropped their price target on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Finally, UBS Group decreased their target price on Walt Disney from $130.00 to $105.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $123.75.

Walt Disney Stock Up 10.7 %

Shares of NYSE DIS traded up $9.85 during midday trading on Wednesday, hitting $102.02. The stock had a trading volume of 36,151,111 shares, compared to its average volume of 10,031,045. The company has a market cap of $184.43 billion, a P/E ratio of 33.23, a PEG ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $118.63. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The business's 50 day moving average is $94.07 and its 200-day moving average is $104.04.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The firm's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 earnings per share. As a group, analysts predict that The Walt Disney Company will post 5.47 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.