Bridgewater Advisors Inc. Boosts Position in The Walt Disney Company $DIS

Bridgewater Advisors Inc. boosted its stake in The Walt Disney Company (NYSE:DIS) by 3.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 29,667 shares of the entertainment giant’s stock after acquiring an additional 998 shares during the quarter. Bridgewater Advisors Inc.’s holdings in Walt Disney were worth $3,557,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its stake in Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after purchasing an additional 1,904 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in Walt Disney by 0.3% during the 1st quarter. OneDigital Investment Advisors LLC now owns 40,717 shares of the entertainment giant’s stock worth $4,019,000 after purchasing an additional 129 shares during the last quarter. Capital Investment Advisory Services LLC boosted its stake in Walt Disney by 10.8% during the 1st quarter. Capital Investment Advisory Services LLC now owns 13,318 shares of the entertainment giant’s stock worth $1,315,000 after purchasing an additional 1,295 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in Walt Disney during the 1st quarter worth $109,000. Finally, World Investment Advisors boosted its stake in Walt Disney by 7.9% during the 1st quarter. World Investment Advisors now owns 76,292 shares of the entertainment giant’s stock worth $7,530,000 after purchasing an additional 5,614 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $112.70 on Monday. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a market cap of $202.63 billion, a PE ratio of 17.66, a P/E/G ratio of 1.45 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The business has a 50-day simple moving average of $114.12 and a 200-day simple moving average of $113.09.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.39 earnings per share. On average, equities research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley lifted their price target on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Citigroup lifted their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Jefferies Financial Group lowered Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Barclays lifted their price target on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Finally, Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

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.