The Walt Disney Company $DIS Position Trimmed by Three Bridge Wealth Advisors LLC

Three Bridge Wealth Advisors LLC lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 21,484 shares of the entertainment giant’s stock after selling 532 shares during the period. Walt Disney accounts for approximately 0.7% of Three Bridge Wealth Advisors LLC’s portfolio, making the stock its 27th biggest holding. Three Bridge Wealth Advisors LLC’s holdings in Walt Disney were worth $2,675,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Physician Wealth Advisors Inc. lifted its position in Walt Disney by 3.5% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock worth $323,000 after buying an additional 87 shares in the last quarter. Childress Capital Advisors LLC increased its stake in shares of Walt Disney by 3.3% in the second quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock worth $341,000 after acquiring an additional 87 shares during the last quarter. Bruce G. Allen Investments LLC increased its stake in shares of Walt Disney by 9.1% in the second quarter. Bruce G. Allen Investments LLC now owns 1,123 shares of the entertainment giant’s stock worth $139,000 after acquiring an additional 94 shares during the last quarter. DiNuzzo Private Wealth Inc. grew its stake in Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after purchasing an additional 94 shares in the last quarter. Finally, Clearstead Trust LLC grew its stake in Walt Disney by 0.6% in the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant’s stock valued at $1,629,000 after purchasing an additional 99 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Up 0.3%

NYSE:DIS opened at $112.49 on Friday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The firm has a market cap of $202.25 billion, a price-to-earnings ratio of 17.63, a P/E/G ratio of 1.48 and a beta of 1.54. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $116.12 and its 200-day moving average is $110.02.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same quarter last year, the firm posted $1.39 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

DIS has been the subject of several research reports. Morgan Stanley lifted their price target on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Loop Capital lifted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Stephens reiterated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Wall Street Zen downgraded shares of Walt Disney from a “buy” rating to a “hold” rating in a report on Friday. Finally, Citigroup lifted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Nineteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.18.

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.