Narwhal Capital Management Has $3.45 Million Stake in The Walt Disney Company (NYSE:DIS)

Narwhal Capital Management cut its position in shares of The Walt Disney Company (NYSE:DIS) by 29.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,880 shares of the entertainment giant’s stock after selling 14,839 shares during the quarter. Narwhal Capital Management’s holdings in Walt Disney were worth $3,451,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC increased its holdings in Walt Disney by 9.6% in the first quarter. Sound Income Strategies LLC now owns 4,488 shares of the entertainment giant’s stock worth $549,000 after purchasing an additional 394 shares in the last quarter. Eagle Rock Investment Company LLC lifted its position in shares of Walt Disney by 15.8% during the 1st quarter. Eagle Rock Investment Company LLC now owns 63,387 shares of the entertainment giant’s stock valued at $7,756,000 after acquiring an additional 8,658 shares during the period. Elevated Capital Advisors LLC boosted its stake in Walt Disney by 5.0% during the first quarter. Elevated Capital Advisors LLC now owns 6,107 shares of the entertainment giant’s stock worth $747,000 after acquiring an additional 291 shares in the last quarter. Brookstone Capital Management boosted its stake in Walt Disney by 9.1% during the first quarter. Brookstone Capital Management now owns 101,680 shares of the entertainment giant’s stock worth $12,442,000 after acquiring an additional 8,496 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in Walt Disney in the first quarter worth $233,000. Institutional investors own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald acquired 11,756 shares of the company’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 approximately $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $96.78 on Wednesday. The firm has a market capitalization of $176.43 billion, a P/E ratio of 105.20, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The business’s fifty day simple moving average is $92.16 and its 200 day simple moving average is $98.45. The Walt Disney Company has a 12 month low of $79.23 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same period in the previous year, the firm earned $1.03 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current year.

Analyst Ratings Changes

DIS has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. reduced their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. UBS Group cut their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Finally, Barclays lowered their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $118.05.

Walt Disney Company 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.