Three Bridge Wealth Advisors LLC Has $2.33 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Three Bridge Wealth Advisors LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 5.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 20,800 shares of the entertainment giant’s stock after selling 1,278 shares during the quarter. Walt Disney accounts for approximately 0.8% of Three Bridge Wealth Advisors LLC’s portfolio, making the stock its 26th biggest position. Three Bridge Wealth Advisors LLC’s holdings in Walt Disney were worth $2,327,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DIS. Wedge Capital Management L L P NC lifted its stake in shares of Walt Disney by 8.1% in the third quarter. Wedge Capital Management L L P NC now owns 3,615 shares of the entertainment giant’s stock valued at $348,000 after buying an additional 270 shares in the last quarter. Creative Planning lifted its position in Walt Disney by 0.9% in the 3rd quarter. Creative Planning now owns 655,712 shares of the entertainment giant’s stock valued at $59,827,000 after acquiring an additional 5,972 shares in the last quarter. Prospect Financial Services LLC boosted its stake in Walt Disney by 12.2% during the 3rd quarter. Prospect Financial Services LLC now owns 6,928 shares of the entertainment giant’s stock valued at $666,000 after purchasing an additional 754 shares during the last quarter. QV Investors Inc. increased its holdings in Walt Disney by 0.3% during the 3rd quarter. QV Investors Inc. now owns 110,570 shares of the entertainment giant’s stock worth $10,636,000 after purchasing an additional 280 shares in the last quarter. Finally, CFM Wealth Partners LLC raised its stake in shares of Walt Disney by 22.9% in the third quarter. CFM Wealth Partners LLC now owns 4,463 shares of the entertainment giant’s stock worth $429,000 after purchasing an additional 833 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the sale, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Brent Woodford sold 8,000 shares of Walt Disney 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 of the company’s stock, valued at $5,054,870.70. This represents a 15.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock valued at $44,153,263 in the last quarter. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their target price for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Wells Fargo & Company increased their target price on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. TD Cowen boosted their price target on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a report on Friday, November 15th. Finally, Sanford C. Bernstein increased their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average target price of $125.85.

Walt Disney Stock Performance

Shares of DIS stock opened at $109.25 on Thursday. The firm’s 50 day moving average is $111.56 and its 200 day moving average is $101.53. The stock has a market capitalization of $197.50 billion, a P/E ratio of 35.59, a PEG ratio of 1.95 and a beta of 1.42. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.43 earnings per share for the current year.

Walt Disney Increases Dividend

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

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.