Burford Brothers Inc. Grows Stake in The Walt Disney Company (NYSE:DIS)

Burford Brothers Inc. increased its stake in The Walt Disney Company (NYSE:DIS) by 12.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,387 shares of the entertainment giant’s stock after acquiring an additional 484 shares during the period. Burford Brothers Inc.’s holdings in Walt Disney were worth $422,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Regent Peak Wealth Advisors LLC grew its position in Walt Disney by 3.5% in the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock worth $343,000 after acquiring an additional 94 shares in the last quarter. Horizon Bancorp Inc. IN grew its position in Walt Disney by 6.1% in the first quarter. Horizon Bancorp Inc. IN now owns 1,674 shares of the entertainment giant’s stock worth $205,000 after acquiring an additional 96 shares in the last quarter. KFA Private Wealth Group LLC grew its position in Walt Disney by 4.1% in the first quarter. KFA Private Wealth Group LLC now owns 2,691 shares of the entertainment giant’s stock worth $329,000 after acquiring an additional 106 shares in the last quarter. Transcendent Capital Group LLC boosted its position in shares of Walt Disney by 1.4% during the first quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock valued at $968,000 after buying an additional 108 shares during the period. Finally, ADE LLC boosted its position in shares of Walt Disney by 4.6% during the second quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock valued at $249,000 after buying an additional 110 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the subject of several recent analyst reports. Morgan Stanley dropped their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Evercore ISI dropped their target price on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. dropped their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Barclays dropped their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $118.05.

Walt Disney Stock Performance

Shares of DIS stock opened at $95.03 on Friday. The business’s fifty day simple moving average is $92.61 and its 200-day simple moving average is $98.26. The company has a market cap of $173.24 billion, a PE ratio of 103.29, a PEG ratio of 1.49 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 12-month low of $79.23 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 earnings per share. Analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insider Transactions at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

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.