The Walt Disney Company (NYSE:DIS) Position Lowered by Briaud Financial Planning Inc

Briaud Financial Planning Inc lowered its holdings in The Walt Disney Company (NYSE:DIS) by 40.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,169 shares of the entertainment giant’s stock after selling 2,803 shares during the period. Walt Disney comprises about 0.2% of Briaud Financial Planning Inc’s investment portfolio, making the stock its 18th biggest holding. Briaud Financial Planning Inc’s holdings in Walt Disney were worth $464,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of DIS. FPC Investment Advisory Inc. acquired a new position in shares of Walt Disney during the fourth quarter valued at approximately $28,000. Tacita Capital Inc boosted its stake in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after purchasing an additional 124 shares during the period. Midwest Capital Advisors LLC purchased a new position in shares of Walt Disney during the 4th quarter valued at $34,000. Bay Harbor Wealth Management LLC purchased a new position in shares of Walt Disney during the 4th quarter valued at $35,000. Finally, Vision Financial Markets LLC bought a new stake in Walt Disney in the fourth quarter worth $39,000. Institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 8,000 shares of the firm’s 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 completion of the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by insiders.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $103.14 on Tuesday. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The business has a 50-day simple moving average of $110.15 and a two-hundred day simple moving average of $104.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The firm has a market cap of $186.46 billion, a price-to-earnings ratio of 33.60, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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, analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $130.00 target price on shares of Walt Disney in a research report on Wednesday, February 5th. Macquarie reissued a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Guggenheim upped their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Evercore ISI increased their price target on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Finally, Jefferies Financial Group initiated coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $125.64.

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.