Bridge Advisory LLC Raises Holdings in The Walt Disney Company (NYSE:DIS)

Posted by Defense World Staff on Jun 26th, 2023

Bridge Advisory LLC grew its position in The Walt Disney Company (NYSE:DIS – Get Rating) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,001 shares of the entertainment giant’s stock after buying an additional 176 shares during the quarter. Bridge Advisory LLC’s holdings in Walt Disney were worth $901,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Walt Disney by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 143,962,415 shares of the entertainment giant’s stock worth $13,579,975,000 after buying an additional 2,144,485 shares during the period. Morgan Stanley raised its position in shares of Walt Disney by 13.5% in the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock worth $4,011,473,000 after acquiring an additional 5,499,014 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Walt Disney by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 31,823,656 shares of the entertainment giant’s stock worth $2,758,969,000 after acquiring an additional 654,802 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Walt Disney by 12.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,147,543 shares of the entertainment giant’s stock worth $2,358,578,000 after acquiring an additional 3,023,997 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC raised its position in shares of Walt Disney by 109,924.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock worth $2,056,126,000 after acquiring an additional 23,644,765 shares in the last quarter. 63.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Macquarie lowered Walt Disney from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $125.00 to $103.00 in a research report on Friday, May 19th. Citigroup reduced their price target on Walt Disney from $130.00 to $125.00 in a research report on Friday, May 12th. Morgan Stanley reduced their target price on Walt Disney from $120.00 to $110.00 in a research report on Monday, June 5th. Deutsche Bank Aktiengesellschaft upped their target price on Walt Disney from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, April 18th. Finally, Truist Financial reduced their target price on Walt Disney from $121.00 to $105.00 in a research report on Tuesday, May 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.27.

Walt Disney Stock Down 0.4 %

Shares of DIS opened at $88.10 on Monday. The Walt Disney Company has a 52 week low of $84.07 and a 52 week high of $126.48. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $160.99 billion, a price-to-earnings ratio of 39.16, a PEG ratio of 1.95 and a beta of 1.30. The stock’s 50-day moving average price is $94.18 and its 200-day moving average price is $96.95.

Walt Disney (NYSE:DIS – Get Rating) last issued its earnings results on Wednesday, May 10th. The entertainment giant reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Walt Disney had a return on equity of 6.41% and a net margin of 4.74%. The firm had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $21.82 billion. During the same quarter in the prior year, the business earned $1.08 earnings per share. On average, sell-side analysts predict that The Walt Disney Company will post 3.83 EPS for the current year.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 1,145 shares of the company’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $99.16, for a total value of $113,538.20. Following the sale, the executive vice president now owns 29,138 shares in the company, valued at $2,889,324.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

Walt Disney Company Profile

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The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.