Tower Bridge Advisors Has $864,000 Stock Position in The Walt Disney Company (NYSE:DIS)

Tower Bridge Advisors lowered its position in The Walt Disney Company (NYSE:DIS) by 8.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,753 shares of the entertainment giant’s stock after selling 835 shares during the quarter. Tower Bridge Advisors’ holdings in Walt Disney were worth $864,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new stake in Walt Disney in the 4th quarter valued at $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Walt Disney during the 1st quarter valued at about $26,000. Kessler Investment Group LLC increased its stake in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after acquiring an additional 200 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in Walt Disney in the fourth quarter valued at about $32,000. Finally, Copia Wealth Management acquired a new position in Walt Disney in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $119.93 on Wednesday. The firm has a fifty day moving average of $118.28 and a two-hundred day moving average of $107.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The stock has a market capitalization of $215.60 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 1.76 and a beta of 1.56. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter in the prior year, the company posted $1.21 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. As a group, equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on DIS. Wall Street Zen downgraded Walt Disney from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 20th. Guggenheim boosted their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, June 27th. Citigroup increased their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. UBS Group lifted their price objective on Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Finally, Needham & Company LLC restated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Thursday, May 8th. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $128.70.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president owned 46,831 shares of the company’s stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is owned by corporate insiders.

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.