Walt Disney Co (NYSE:DIS) Stake Raised by Narwhal Capital Management

Narwhal Capital Management grew its holdings in Walt Disney Co (NYSE:DIS) by 3.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,220 shares of the entertainment giant’s stock after purchasing an additional 1,325 shares during the quarter. Narwhal Capital Management’s holdings in Walt Disney were worth $4,063,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DIS. Vantage Financial Partners Ltd. Inc. purchased a new stake in shares of Walt Disney during the 2nd quarter valued at approximately $925,000. Lee Financial Co raised its position in shares of Walt Disney by 7.6% during the 2nd quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock valued at $112,000 after buying an additional 74 shares during the period. Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of Walt Disney during the 1st quarter valued at approximately $144,000. Krilogy Financial LLC raised its position in shares of Walt Disney by 13.2% during the 2nd quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock valued at $151,000 after buying an additional 166 shares during the period. Finally, BDO Wealth Advisors LLC acquired a new stake in Walt Disney in the 2nd quarter valued at approximately $153,000. 61.52% of the stock is currently owned by institutional investors and hedge funds.

DIS has been the subject of several research reports. Goldman Sachs Group lifted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 10th. Loop Capital reiterated a “buy” rating and issued a $106.00 target price on shares of Walt Disney in a report on Monday, December 11th. Macquarie upgraded shares of Walt Disney from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $112.00 to $125.00 in a report on Tuesday, January 2nd. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Finally, Pivotal Research lifted their target price on shares of Walt Disney from $83.00 to $91.00 and gave the company a “sell” rating in a report on Thursday, December 14th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Walt Disney presently has an average rating of “Hold” and a consensus target price of $115.77.

Walt Disney Co (NYSE DIS) traded up $1.52 during trading hours on Thursday, hitting $110.99. 6,426,959 shares of the company’s stock traded hands, compared to its average volume of 9,690,000. The firm has a market capitalization of $167,630.00, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 2.38 and a beta of 1.38. Walt Disney Co has a fifty-two week low of $96.20 and a fifty-two week high of $116.10. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.05). The firm had revenue of $12.78 billion for the quarter, compared to analysts’ expectations of $13.30 billion. Walt Disney had a return on equity of 16.71% and a net margin of 14.59%. Walt Disney’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the firm posted $1.10 earnings per share. research analysts expect that Walt Disney Co will post 6.23 earnings per share for the current fiscal year.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, January 11th. Stockholders of record on Monday, December 11th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is currently 29.58%.

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Walt Disney Company Profile

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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