The Walt Disney Company $DIS Position Reduced by Greenbrier Partners Capital Management LLC

Key Points

• Greenbrier Partners Capital Management LLC has reduced its holdings in The Walt Disney Company by 12.3%, now owning 202,633 shares valued at $20 million, making Disney its 12th largest investment.
• A number of research firms have recently adjusted their ratings and price targets for Disney, with Barclays and UBS raising their targets to between $138 and $140 and maintaining "buy" ratings.
• Last quarter, Walt Disney reported earnings of $1.61 per share, exceeding expectations, with a revenue of $23.65 billion which indicates a 2.1% increase year-over-year.

Greenbrier Partners Capital Management LLC reduced its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 12.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 202,633 shares of the entertainment giant's stock after selling 28,532 shares during the quarter. Walt Disney makes up 1.6% of Greenbrier Partners Capital Management LLC's portfolio, making the stock its 12th biggest position. Greenbrier Partners Capital Management LLC's holdings in Walt Disney were worth $20,000,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Brighton Jones LLC increased its holdings in shares of Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after acquiring an additional 1,904 shares during the period. Benjamin Edwards Inc. increased its holdings in shares of Walt Disney by 2.5% in the 4th quarter. Benjamin Edwards Inc. now owns 29,958 shares of the entertainment giant's stock worth $3,336,000 after acquiring an additional 736 shares during the period. Concentric Capital Strategies LP acquired a new stake in shares of Walt Disney in the 4th quarter worth about $317,000. Colonial Trust Co SC increased its holdings in shares of Walt Disney by 6.4% in the 4th quarter. Colonial Trust Co SC now owns 34,111 shares of the entertainment giant's stock worth $3,798,000 after acquiring an additional 2,042 shares during the period. Finally, Eagle Global Advisors LLC increased its holdings in shares of Walt Disney by 24.9% in the 4th quarter. Eagle Global Advisors LLC now owns 43,381 shares of the entertainment giant's stock worth $4,830,000 after acquiring an additional 8,638 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on DIS. Wall Street Zen cut shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. Barclays raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. UBS Group raised their target price on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Jefferies Financial Group cut shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Finally, Evercore ISI raised their target price on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Stock Performance

DIS stock opened at $117.26 on Thursday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a 50 day simple moving average of $119.15 and a 200 day simple moving average of $108.68. The stock has a market cap of $210.83 billion, a P/E ratio of 18.38, a P/E/G ratio of 1.71 and a beta of 1.55.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. During the same period last year, the business earned $1.39 earnings per share. The firm's revenue was up 2.1% on a year-over-year basis. Research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney 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.

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