Narwhal Capital Management Grows Stake in Walt Disney Co (DIS)

Narwhal Capital Management lifted its stake in shares of Walt Disney Co (NYSE:DIS) by 51.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,218 shares of the entertainment giant’s stock after purchasing an additional 14,268 shares during the period. Walt Disney comprises 1.1% of Narwhal Capital Management’s investment portfolio, making the stock its 27th biggest position. Narwhal Capital Management’s holdings in Walt Disney were worth $4,937,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Moody Aldrich Partners LLC purchased a new stake in Walt Disney during the 2nd quarter valued at about $71,061,000. Canton Hathaway LLC purchased a new stake in Walt Disney during the 3rd quarter valued at about $107,000. Live Your Vision LLC grew its stake in Walt Disney by 91.6% during the 2nd quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock valued at $113,000 after acquiring an additional 500 shares in the last quarter. Trilogy Capital Inc. purchased a new stake in Walt Disney during the 1st quarter valued at about $107,000. Finally, CSat Investment Advisory L.P. purchased a new stake in Walt Disney during the 2nd quarter valued at about $112,000. 62.64% of the stock is owned by institutional investors and hedge funds.

NYSE:DIS opened at $112.08 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $166.85 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 1.68 and a beta of 1.17. Walt Disney Co has a 1-year low of $97.68 and a 1-year high of $120.20.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.17. The company had revenue of $14.30 billion for the quarter, compared to analyst estimates of $13.76 billion. Walt Disney had a net margin of 21.20% and a return on equity of 21.43%. Walt Disney’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 EPS. Equities analysts expect that Walt Disney Co will post 7.08 EPS for the current fiscal year.

In other news, EVP Brent Woodford sold 961 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $117.06, for a total value of $112,494.66. Following the transaction, the executive vice president now directly owns 25,737 shares in the company, valued at approximately $3,012,773.22. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Robert A. Iger sold 47,733 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $120.00, for a total transaction of $5,727,960.00. The disclosure for this sale can be found here. Insiders sold a total of 78,838 shares of company stock worth $9,391,319 over the last quarter. 0.38% of the stock is currently owned by company insiders.

Several brokerages recently issued reports on DIS. ValuEngine raised shares of Walt Disney from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Loop Capital upped their price objective on shares of Walt Disney to $130.00 and gave the company a “buy” rating in a research note on Friday, November 9th. Argus upped their price objective on shares of Walt Disney from $129.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, November 12th. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. Finally, B. Riley reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Friday, November 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. Walt Disney has an average rating of “Buy” and a consensus target price of $121.54.

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Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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

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