Newbridge Financial Services Group Inc. Has $441,000 Position in The Walt Disney Company (NYSE:DIS)

Newbridge Financial Services Group Inc. decreased its position in The Walt Disney Company (NYSE:DIS) by 25.5% during the second quarter, HoldingsChannel reports. The firm owned 4,444 shares of the entertainment giant’s stock after selling 1,522 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Walt Disney were worth $441,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of DIS. ESL Trust Services LLC acquired a new position in Walt Disney during the 1st quarter worth $31,000. William B. Walkup & Associates Inc. bought a new stake in Walt Disney during the 2nd quarter valued at approximately $32,000. Frank Rimerman Advisors LLC acquired a new stake in Walt Disney in the 4th quarter valued at approximately $37,000. Mascoma Wealth Management LLC increased its position in Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after buying an additional 122 shares during the period. Finally, Beaird Harris Wealth Management LLC lifted its holdings in shares of Walt Disney by 30.7% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant’s stock worth $45,000 after buying an additional 117 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In other news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 2.2 %

DIS opened at $94.05 on Wednesday. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a market cap of $171.46 billion, a price-to-earnings ratio of 102.23, a price-to-earnings-growth ratio of 1.53 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a 50 day simple moving average of $90.50 and a 200 day simple moving average of $100.98.

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

Wall Street Analyst Weigh In

DIS has been the topic of a number of research reports. 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 research report on Thursday, August 8th. Morgan Stanley cut their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Macquarie decreased their target price on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, September 19th. The Goldman Sachs Group started coverage on Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.43.

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.