The Walt Disney Company (NYSE:DIS) Holdings Cut by Bridges Investment Management Inc.

Bridges Investment Management Inc. reduced its stake in The Walt Disney Company (NYSE:DIS) by 11.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,842 shares of the entertainment giant’s stock after selling 2,089 shares during the period. Bridges Investment Management Inc.’s holdings in Walt Disney were worth $1,573,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DIS. Mcdonald Partners LLC lifted its position in Walt Disney by 0.5% during the 1st quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock worth $2,199,000 after buying an additional 88 shares in the last quarter. Sendero Wealth Management LLC increased its position in shares of Walt Disney by 2.0% in the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock valued at $569,000 after acquiring an additional 89 shares during the last quarter. McKinley Carter Wealth Services Inc. raised its holdings in Walt Disney by 1.5% during the first quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock worth $721,000 after acquiring an additional 89 shares in the last quarter. Pflug Koory LLC grew its stake in Walt Disney by 1.0% in the first quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock valued at $1,100,000 after purchasing an additional 91 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC increased its position in shares of Walt Disney by 3.5% during the 1st quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock worth $343,000 after purchasing an additional 94 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by insiders.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $93.69 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The company’s 50 day moving average price is $90.67 and its two-hundred day moving average price is $101.96. The firm has a market cap of $170.80 billion, a PE ratio of 101.84, a PEG ratio of 1.31 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned $1.03 EPS. Equities research analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DIS shares. Moffett Nathanson cut their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Raymond James decreased their price objective on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Bank of America dropped their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. UBS Group lowered their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Wells Fargo & Company cut their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $118.43.

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.