Briaud Financial Planning Inc Boosts Holdings in The Walt Disney Company (NYSE:DIS)

Briaud Financial Planning Inc lifted its stake in The Walt Disney Company (NYSE:DIS) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,135 shares of the entertainment giant’s stock after buying an additional 509 shares during the period. Walt Disney comprises 0.9% of Briaud Financial Planning Inc’s portfolio, making the stock its 8th biggest holding. Briaud Financial Planning Inc’s holdings in Walt Disney were worth $1,096,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in DIS. Evolution Advisers Inc. lifted its position in shares of Walt Disney by 38.2% during the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after buying an additional 105 shares during the last quarter. Gradient Capital Advisors LLC lifted its holdings in shares of Walt Disney by 2.9% in the fourth quarter. Gradient Capital Advisors LLC now owns 3,975 shares of the entertainment giant’s stock worth $359,000 after acquiring an additional 111 shares during the last quarter. First Business Financial Services Inc. boosted its stake in shares of Walt Disney by 0.7% in the 3rd quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock valued at $1,338,000 after purchasing an additional 113 shares in the last quarter. Kelman Lazarov Inc. boosted its stake in shares of Walt Disney by 3.4% in the 4th quarter. Kelman Lazarov Inc. now owns 3,583 shares of the entertainment giant’s stock valued at $324,000 after purchasing an additional 117 shares in the last quarter. Finally, CoreCap Advisors LLC grew its holdings in shares of Walt Disney by 0.5% during the 4th quarter. CoreCap Advisors LLC now owns 24,096 shares of the entertainment giant’s stock valued at $2,176,000 after purchasing an additional 118 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DIS. Guggenheim increased their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Wells Fargo & Company raised their price objective on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Tuesday. Needham & Company LLC upped their target price on Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $95.00 to $135.00 in a research note on Monday, March 25th. Finally, Rosenblatt Securities boosted their price target on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $125.08.

Walt Disney Stock Down 1.0 %

NYSE DIS traded down $1.18 during mid-day trading on Thursday, hitting $112.74. The company’s stock had a trading volume of 8,033,218 shares, compared to its average volume of 11,853,280. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The company’s 50 day simple moving average is $114.16 and its 200 day simple moving average is $99.46. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The firm has a market capitalization of $206.80 billion, a price-to-earnings ratio of 69.59, a PEG ratio of 1.40 and a beta of 1.42.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping the consensus estimate of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Analysts anticipate that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio is presently 18.52%.

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.