Newbridge Financial Services Group Inc. Increases Stake in The Walt Disney Company (NYSE:DIS)

Newbridge Financial Services Group Inc. boosted its stake in The Walt Disney Company (NYSE:DISFree Report) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,706 shares of the entertainment giant’s stock after purchasing an additional 242 shares during the period. Walt Disney comprises 0.6% of Newbridge Financial Services Group Inc.’s investment portfolio, making the stock its 25th largest position. Newbridge Financial Services Group Inc.’s holdings in Walt Disney were worth $1,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of DIS. Planned Solutions Inc. purchased a new position in shares of Walt Disney during the fourth quarter valued at approximately $26,000. Gold Investment Management Ltd. bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $28,000. Partnership Wealth Management LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $33,000. Stone House Investment Management LLC boosted its position in shares of Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 270 shares in the last quarter. Finally, Fortis Group Advisors LLC bought a new stake in shares of Walt Disney during the third quarter valued at approximately $30,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of NYSE:DIS traded down $0.18 during trading on Tuesday, hitting $101.34. 760,292 shares of the company’s stock were exchanged, compared to its average volume of 11,440,140. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The business’s 50-day simple moving average is $107.09 and its 200 day simple moving average is $104.13. The company has a market cap of $184.75 billion, a price-to-earnings ratio of 110.38, a PEG ratio of 1.24 and a beta of 1.40.

Walt Disney (NYSE:DISGet Free Report) last released its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. During the same quarter last year, the business posted $0.93 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. As a group, equities analysts predict that The Walt Disney Company will post 4.76 EPS for the current year.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director James P. Gorman acquired 20,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the purchase, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on DIS. Guggenheim boosted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Raymond James boosted their target price on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Argus boosted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Tigress Financial reissued a “buy” rating and issued a $136.00 target price on shares of Walt Disney in a report on Wednesday, February 21st. Finally, Wells Fargo & Company boosted their target price on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $126.29.

Read Our Latest Stock Report on DIS

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.

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

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