Texas Capital Bank Wealth Management Services Inc Lowers Stock Position in The Walt Disney Company (NYSE:DIS)

Texas Capital Bank Wealth Management Services Inc reduced its holdings in The Walt Disney Company by 83.2% during the 4th quarter, according to a recent filing with the Securities and Exchange Commission. The firm's holdings in Walt Disney were worth $551,000 at the end of the reporting period. Several other large investors have also modified their holdings of DIS. Walt Disney's stock traded down 0.1% on Friday.

Texas Capital Bank Wealth Management Services Inc decreased its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 83.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,100 shares of the entertainment giant's stock after selling 30,270 shares during the period. Texas Capital Bank Wealth Management Services Inc's holdings in Walt Disney were worth $551,000 at the end of the most recent reporting period.

MarketBeat Week in Review – 5/13 - 5/17

A number of other large investors have also modified their holdings of DIS. Trian Fund Management L.P. lifted its position in shares of Walt Disney by 411.6% during the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant's stock valued at $2,663,976,000 after acquiring an additional 26,443,257 shares during the period. First Eagle Investment Management LLC purchased a new stake in Walt Disney during the third quarter worth $326,171,000. International Assets Investment Management LLC grew its holdings in Walt Disney by 8,681.3% in the fourth quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant's stock valued at $302,445,000 after purchasing an additional 3,311,563 shares during the last quarter. Loomis Sayles & Co. L P increased its position in shares of Walt Disney by 21.0% in the third quarter. Loomis Sayles & Co. L P now owns 14,416,343 shares of the entertainment giant's stock valued at $1,168,444,000 after buying an additional 2,505,486 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Walt Disney by 10.6% in the 3rd quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant's stock worth $2,014,861,000 after buying an additional 2,384,407 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Down 0.1 %

DIS traded down $0.12 during trading on Friday, hitting $103.25. 7,355,999 shares of the company's stock were exchanged, compared to its average volume of 12,417,074. The stock has a 50 day moving average price of $113.52 and a 200 day moving average price of $102.39. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The firm has a market cap of $188.23 billion, a P/E ratio of 112.23, a price-to-earnings-growth ratio of 1.26 and a beta of 1.40.

The Trade Desk Raised Forecasts Means Ad Spending is Back, Maybe

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. The firm had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. As a group, analysts expect that The Walt Disney Company will post 4.76 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 4,400 shares of the firm's stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director James P. Gorman acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the acquisition, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MarketBeat Week in Review – 5/6 - 5/10

Several research firms have weighed in on DIS. Evercore ISI dropped their target price on shares of Walt Disney from $130.00 to $128.00 and set an "outperform" rating for the company in a report on Wednesday, May 8th. Bank of America lifted their price objective on Walt Disney from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Monday, April 1st. The Goldman Sachs Group reduced their target price on Walt Disney from $125.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, February 8th. UBS Group cut their price target on Walt Disney from $140.00 to $130.00 and set a "buy" rating for the company in a report on Wednesday, May 8th. Finally, Argus increased their price objective on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and a consensus target price of $126.58.

View Our Latest Stock Report on Walt Disney

About Walt Disney

(Free Report)

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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