SevenBridge Financial Group LLC reduces its equity holdings in The Walt Disney Company (NYSE:DIS)

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SevenBridge Financial Group LLC reduced its position in The Walt Disney Company (NYSE: DIS – Get Rating) by 6.4% during the first quarter, HoldingsChannel reports. The institutional investor held 25,224 shares of the entertainment giant after selling 1,722 shares during the period. Walt Disney owns about 1.2% of the holdings of SevenBridge Financial Group LLC, making the stock its 24th largest holding. SevenBridge Financial Group LLC’s holdings in Walt Disney were worth $3,460,000 at the end of the last quarter.

Other institutional investors have also recently changed their positions in the company. Syverson Strege & Co increased its stake in Walt Disney stock by 384.8% in the fourth quarter. Syverson Strege & Co now owns 160 shares of the entertainment giant worth $25,000 after buying 127 more shares in the last quarter. Sandy Cove Advisors LLC bought a new stake in Walt Disney stock in the fourth quarter worth about $27,000. MBM Wealth Consultants LLC increased its stake in Walt Disney stock to 94.7% in the fourth quarter. MBM Wealth Consultants LLC now owns 220 shares of the entertainment giant worth $34,000 after buying 107 more shares last quarter. Joseph Group Capital Management purchased a new equity stake in Walt Disney in the fourth quarter worth approximately $1,573,000. Finally, Advanced Research Investment Solutions LLC increased its stake in Walt Disney stock by 46.0% in the fourth quarter. Advanced Research Investment Solutions LLC now owns 238 shares of the entertainment giant worth $36,000 after buying 75 more shares last quarter. 64.17% of the shares are currently held by hedge funds and other institutional investors.

A number of brokerages have recently released reports on DIS. Wolfe Research lowered its price target on Walt Disney shares from $211.00 to $128.00 and set an “outperform” rating on the stock in a Thursday, June 2 report. Royal Bank of Canada lowered its target price on Walt Disney shares from $210.00 to $176.00 in a Thursday, May 12 research note. Tigress Financial reaffirmed a “buy” rating and posted a target price of $229.00 on Walt Disney shares in a research note on Friday, April 1. StockNews.com downgraded Walt Disney shares from a “hold” rating to a “sell” rating in a Thursday, June 2 research note. Finally, Credit Suisse Group lowered its price target on Walt Disney shares from $218.00 to $170.00 in a Thursday, May 12 research note. One equity research analyst gave the stock a sell rating, five gave the company a hold rating and eighteen gave the company a buy rating. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $167.56.

Shares of Walt Disney opened at $96.61 on Tuesday. The company has a debt ratio of 0.49, a quick ratio of 1.01 and a current ratio of 1.06. The Walt Disney Company has a 52-week low of $92.01 and a 52-week high of $187.58. The stock has a market capitalization of $175.89 billion, a price/earnings ratio of 66.63, a P/E/G ratio of 1.14 and a beta of 1.21. The company’s 50-day moving average price is $106.79 and its 200-day moving average price is $131.24.

Walt Disney (NYSE:DIS – Get Rating) last released its results on Wednesday, May 11. The entertainment giant reported earnings per share (EPS) of $1.08 for the quarter, missing the consensus estimate of $1.19 per ($0.11). Walt Disney had a return on equity of 6.87% and a net margin of 3.46%. In the same quarter a year earlier, the company posted earnings per share of $0.79. As a group, equity research analysts expect The Walt Disney Company to post earnings per share of 4.03 for the current fiscal year.

Walt Disney Company Profile (Get an assessment)

The Walt Disney Company, together with its subsidiaries, operates as a worldwide entertainment company. It operates through two segments, Disney Media and Entertainment Distribution; and Parks, Experiences and Disney Products. The Company is engaged in the production and distribution of episodic film and television content, as well as television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic and Star brands; and studios that produce films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar and Searchlight Pictures banners.

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Institutional ownership by quarter for Walt Disney (NYSE:DIS)



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