Bridges Investment Management Inc. Grows Position in The Walt Disney Company (NYSE:DIS)

Bridges Investment Management Inc. lifted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,967 shares of the entertainment giant’s stock after purchasing an additional 125 shares during the quarter. Bridges Investment Management Inc.’s holdings in Walt Disney were worth $1,536,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Klingman & Associates LLC increased its holdings in shares of Walt Disney by 39.3% in the 3rd quarter. Klingman & Associates LLC now owns 7,707 shares of the entertainment giant’s stock worth $741,000 after buying an additional 2,174 shares during the last quarter. Assetmark Inc. grew its position in Walt Disney by 6.2% in the third quarter. Assetmark Inc. now owns 32,385 shares of the entertainment giant’s stock worth $3,115,000 after acquiring an additional 1,903 shares in the last quarter. Corrado Advisors LLC increased its stake in Walt Disney by 15.9% in the third quarter. Corrado Advisors LLC now owns 17,794 shares of the entertainment giant’s stock valued at $1,712,000 after acquiring an additional 2,442 shares during the last quarter. Townsend & Associates Inc raised its position in Walt Disney by 3.9% during the third quarter. Townsend & Associates Inc now owns 146,164 shares of the entertainment giant’s stock valued at $14,067,000 after purchasing an additional 5,458 shares in the last quarter. Finally, Beta Wealth Group Inc. lifted its stake in Walt Disney by 7.2% during the third quarter. Beta Wealth Group Inc. now owns 56,808 shares of the entertainment giant’s stock worth $5,464,000 after purchasing an additional 3,822 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Price Performance

Shares of NYSE DIS opened at $99.02 on Friday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The stock has a market capitalization of $179.58 billion, a P/E ratio of 38.08, a P/E/G ratio of 1.57 and a beta of 1.40. The company’s 50-day moving average is $93.90 and its 200 day moving average is $97.05. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping 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 firm had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter in the prior year, the business earned $1.03 EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, sell-side analysts expect that The Walt Disney Company will post 4.93 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Bank of America reduced their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Macquarie cut their price objective on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 target price on shares of Walt Disney in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. cut their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.05.

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.