Bridges Investment Management Inc. Sells 723 Shares of The Walt Disney Company (NYSE:DIS)

Bridges Investment Management Inc. reduced its stake in The Walt Disney Company (NYSE:DISFree Report) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,331 shares of the entertainment giant’s stock after selling 723 shares during the quarter. Bridges Investment Management Inc.’s holdings in Walt Disney were worth $1,655,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. WNY Asset Management LLC raised its holdings in Walt Disney by 32.8% in the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after acquiring an additional 2,304 shares during the period. Silvia Mccoll Wealth Management LLC raised its holdings in Walt Disney by 4.2% in the 2nd quarter. Silvia Mccoll Wealth Management LLC now owns 4,040 shares of the entertainment giant’s stock valued at $361,000 after acquiring an additional 164 shares during the period. Pathway Financial Advisors LLC raised its holdings in Walt Disney by 4.9% in the 3rd quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock valued at $245,000 after acquiring an additional 141 shares during the period. Tempus Wealth Planning LLC grew its position in shares of Walt Disney by 4.5% during the 3rd quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock worth $1,031,000 after purchasing an additional 546 shares in the last quarter. Finally, DCM Advisors LLC grew its position in shares of Walt Disney by 0.3% during the 2nd quarter. DCM Advisors LLC now owns 73,970 shares of the entertainment giant’s stock worth $6,604,000 after purchasing an additional 198 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction on 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 directly owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 0.5 %

NYSE DIS traded down $0.63 during mid-day trading on Wednesday, reaching $122.19. 2,693,387 shares of the stock were exchanged, compared to its average volume of 12,401,437. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The stock has a 50 day simple moving average of $109.57 and a 200-day simple moving average of $95.68. The stock has a market cap of $224.13 billion, a P/E ratio of 75.82, a P/E/G ratio of 1.86 and a beta of 1.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77.

Walt Disney (NYSE:DISGet Free Report) last announced its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter last year, the firm earned $0.99 earnings per share. Walt Disney’s quarterly revenue was down .1% on a year-over-year basis. On average, analysts anticipate that The Walt Disney Company will post 4.67 EPS for the current year.

Walt Disney Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be paid a dividend of $0.45 per share. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio is presently 18.52%.

Analysts Set New Price Targets

A number of research analysts have issued reports on DIS shares. Daiwa Capital Markets restated a “buy” rating and set a $133.00 target price on shares of Walt Disney in a research report on Monday. Wells Fargo & Company increased their target price on shares of Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Needham & Company LLC increased their target price on shares of Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Tigress Financial restated a “buy” rating and set a $136.00 target price on shares of Walt Disney in a research report on Wednesday, February 21st. Finally, Raymond James increased their target price on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $121.04.

Check Out Our Latest Stock Analysis on Walt Disney

About Walt Disney

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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