Bridges Investment Management Inc. Purchases 8,715 Shares of The Walt Disney Company (NYSE:DIS)

Bridges Investment Management Inc. boosted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 54.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 24,682 shares of the entertainment giant’s stock after acquiring an additional 8,715 shares during the quarter. Bridges Investment Management Inc.’s holdings in Walt Disney were worth $2,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FPC Investment Advisory Inc. bought a new stake in Walt Disney in the fourth quarter valued at about $28,000. Midwest Capital Advisors LLC bought a new stake in shares of Walt Disney in the 4th quarter valued at approximately $34,000. Bay Harbor Wealth Management LLC bought a new stake in shares of Walt Disney in the 4th quarter valued at approximately $35,000. Hager Investment Management Services LLC acquired a new position in shares of Walt Disney in the 4th quarter worth approximately $43,000. Finally, Cedar Mountain Advisors LLC lifted its position in shares of Walt Disney by 38.1% during the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock worth $44,000 after buying an additional 110 shares during the period. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the topic of a number of analyst reports. Sanford C. Bernstein upped their price target on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Wells Fargo & Company upped their target price on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Macquarie reissued a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. Bank of America upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $125.44.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the sale, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.16% of the stock is owned by insiders.

Walt Disney Price Performance

DIS opened at $113.82 on Friday. The company has a fifty day moving average price of $110.68 and a two-hundred day moving average price of $103.35. The firm has a market capitalization of $205.77 billion, a PE ratio of 37.08, a P/E/G ratio of 1.80 and a beta of 1.42. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were given a $0.50 dividend. This represents a dividend yield of 0.6%. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is currently 32.57%.

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.