Three Bridge Wealth Advisors LLC Sells 1,278 Shares of The Walt Disney Company (NYSE:DIS)

Three Bridge Wealth Advisors LLC trimmed its position in The Walt Disney Company (NYSE:DIS) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,800 shares of the entertainment giant’s stock after selling 1,278 shares during the quarter. Walt Disney accounts for 0.8% of Three Bridge Wealth Advisors LLC’s holdings, making the stock its 26th biggest holding. Three Bridge Wealth Advisors LLC’s holdings in Walt Disney were worth $2,327,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in shares of Walt Disney by 89.3% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 6,342 shares of the entertainment giant’s stock worth $706,000 after purchasing an additional 2,992 shares during the period. Naples Global Advisors LLC grew its position in Walt Disney by 8.7% during the fourth quarter. Naples Global Advisors LLC now owns 16,977 shares of the entertainment giant’s stock worth $1,899,000 after buying an additional 1,363 shares in the last quarter. Great Lakes Retirement Inc. increased its stake in Walt Disney by 5.0% during the 4th quarter. Great Lakes Retirement Inc. now owns 6,426 shares of the entertainment giant’s stock worth $716,000 after acquiring an additional 304 shares during the period. Kentucky Trust Co acquired a new position in Walt Disney in the 4th quarter valued at $971,000. Finally, FMB Wealth Management bought a new stake in shares of Walt Disney during the 4th quarter valued at $212,000. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wells Fargo & Company raised their price target on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Sanford C. Bernstein raised their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Bank of America upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, November 15th. TD Cowen increased their price target on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Finally, Evercore ISI boosted their price objective on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Six equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

Walt Disney Trading Up 0.2 %

Shares of NYSE DIS opened at $109.25 on Thursday. The firm has a 50 day moving average price of $111.56 and a two-hundred day moving average price of $101.53. The stock has a market cap of $197.50 billion, a P/E ratio of 35.59, a price-to-earnings-growth ratio of 1.95 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 0.67 and a current ratio of 0.68.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating 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, equities analysts forecast that The Walt Disney Company will post 5.43 EPS for the current year.

Walt Disney Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.50 per share. 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 was Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is 32.57%.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock valued at $44,153,263 over the last ninety days. 0.16% of the stock is owned by company insiders.

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.