Bridgewater Advisors Inc. Cuts Stock Holdings in The Walt Disney Company (NYSE:DIS)

Bridgewater Advisors Inc. lowered its position in The Walt Disney Company (NYSE:DIS) by 1.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 30,268 shares of the entertainment giant’s stock after selling 311 shares during the period. Bridgewater Advisors Inc.’s holdings in Walt Disney were worth $2,910,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Concurrent Investment Advisors LLC raised its stake in Walt Disney by 8.4% during the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock worth $6,420,000 after purchasing an additional 5,184 shares during the period. Lmcg Investments LLC grew its stake in Walt Disney by 18.6% during the 3rd quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock worth $14,174,000 after purchasing an additional 23,116 shares in the last quarter. PGGM Investments acquired a new stake in Walt Disney in the 1st quarter valued at about $1,036,000. Nisa Investment Advisors LLC raised its holdings in shares of Walt Disney by 22.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 704,887 shares of the entertainment giant’s stock valued at $67,803,000 after purchasing an additional 127,859 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in Walt Disney by 30.8% during the 1st quarter. Advisors Asset Management Inc. now owns 25,987 shares of the entertainment giant’s stock worth $3,180,000 after buying an additional 6,118 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 2.3 %

DIS opened at $98.89 on Thursday. The company has a market cap of $179.35 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 1.52 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The business’s fifty day moving average is $93.54 and its two-hundred day moving average is $97.12.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. The business had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.03 earnings per share. Analysts anticipate that The Walt Disney Company will post 4.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Macquarie reduced their price objective on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Bank of America reduced their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $118.05.

About Walt Disney

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.