Bridges Investment Management Inc. Has $1.57 Million Position in The Walt Disney Company (NYSE:DIS)

Bridges Investment Management Inc. trimmed its stake in shares of The Walt Disney Company (NYSE:DIS) by 11.7% in the second quarter, Holdings Channel.com reports. The firm owned 15,842 shares of the entertainment giant’s stock after selling 2,089 shares during the quarter. Bridges Investment Management Inc.’s holdings in Walt Disney were worth $1,573,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Mcdonald Partners LLC boosted its position in shares of Walt Disney by 0.5% during the 1st quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after purchasing an additional 88 shares in the last quarter. Sendero Wealth Management LLC lifted its stake in 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 buying an additional 89 shares during the period. McKinley Carter Wealth Services Inc. boosted its holdings in shares of Walt Disney by 1.5% during the 1st quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock worth $721,000 after buying an additional 89 shares in the last quarter. Pflug Koory LLC grew its position in shares of Walt Disney by 1.0% during the 1st quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock worth $1,100,000 after buying an additional 91 shares during the period. Finally, Regent Peak Wealth Advisors LLC increased its stake in shares of Walt Disney by 3.5% in the 1st quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock valued at $343,000 after acquiring an additional 94 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.3 %

NYSE:DIS opened at $93.69 on Friday. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The firm has a 50-day moving average price of $90.67 and a two-hundred day moving average price of $101.96. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market cap of $170.80 billion, a price-to-earnings ratio of 101.84, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40.

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

Analyst Upgrades and Downgrades

DIS has been the subject of a number of research reports. Barclays reduced their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Needham & Company LLC dropped their price target on Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Evercore ISI decreased their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. lowered their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.43.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.10% of the company’s stock.

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.