Fulton Breakefield Broenniman LLC Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Fulton Breakefield Broenniman LLC lessened its holdings in The Walt Disney Company (NYSE:DIS) by 5.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,855 shares of the entertainment giant’s stock after selling 330 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Walt Disney were worth $563,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DIS. Wolff Wiese Magana LLC increased its position in Walt Disney by 58.5% during the third quarter. Wolff Wiese Magana LLC now owns 677 shares of the entertainment giant’s stock worth $65,000 after buying an additional 250 shares in the last quarter. Hunter Perkins Capital Management LLC increased its position in Walt Disney by 1.3% during the 3rd quarter. Hunter Perkins Capital Management LLC now owns 55,030 shares of the entertainment giant’s stock worth $5,293,000 after purchasing an additional 705 shares in the last quarter. Vontobel Holding Ltd. raised its stake in Walt Disney by 27.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 311,378 shares of the entertainment giant’s stock valued at $29,951,000 after purchasing an additional 66,856 shares during the last quarter. Leisure Capital Management lifted its holdings in Walt Disney by 4.5% in the 3rd quarter. Leisure Capital Management now owns 12,658 shares of the entertainment giant’s stock valued at $1,218,000 after purchasing an additional 550 shares in the last quarter. Finally, Sumitomo Life Insurance Co. boosted its stake in shares of Walt Disney by 2.4% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 21,758 shares of the entertainment giant’s stock worth $2,093,000 after purchasing an additional 518 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The trade was a 100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Bank of America reduced their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Barclays reduced their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. lowered their price objective 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. UBS Group reduced their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Moffett Nathanson lowered their price target on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Five investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.05.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $96.75 on Thursday. The company has a market cap of $176.38 billion, a P/E ratio of 105.16, a PEG ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a one year low of $79.23 and a one year high of $123.74. The business’s 50-day simple moving average is $91.29 and its 200 day simple moving average is $99.24. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 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 analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 earnings per share. On average, sell-side analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

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.