Hodges Capital Management Inc. Decreases Holdings in Walt Disney Co (DIS)

Hodges Capital Management Inc. cut its position in Walt Disney Co (NYSE:DIS) by 33.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,562 shares of the entertainment giant’s stock after selling 2,844 shares during the quarter. Hodges Capital Management Inc.’s holdings in Walt Disney were worth $598,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Walt Disney by 2.2% in the second quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after purchasing an additional 2,131,932 shares during the period. Northern Trust Corp boosted its stake in shares of Walt Disney by 2.5% in the second quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock valued at $2,174,118,000 after purchasing an additional 500,349 shares during the period. Legal & General Group Plc boosted its stake in shares of Walt Disney by 3.8% in the third quarter. Legal & General Group Plc now owns 8,186,026 shares of the entertainment giant’s stock valued at $806,872,000 after purchasing an additional 300,973 shares during the period. Parnassus Investments CA boosted its stake in shares of Walt Disney by 19.3% in the third quarter. Parnassus Investments CA now owns 6,941,130 shares of the entertainment giant’s stock valued at $684,187,000 after purchasing an additional 1,123,949 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Walt Disney by 7.0% in the second quarter. Ameriprise Financial Inc. now owns 5,672,744 shares of the entertainment giant’s stock valued at $602,413,000 after purchasing an additional 371,811 shares during the period. Institutional investors and hedge funds own 62.63% of the company’s stock.

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Several brokerages have recently weighed in on DIS. Vetr downgraded shares of Walt Disney from a “buy” rating to a “hold” rating and set a $113.39 target price for the company. in a research note on Wednesday, January 3rd. Rosenblatt Securities raised shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their price target for the company from $115.00 to $130.00 in a report on Wednesday, January 3rd. Royal Bank of Canada upped their price target on shares of Walt Disney to $135.00 and gave the company a “top pick” rating in a report on Wednesday, January 3rd. B. Riley reaffirmed a “hold” rating and issued a $122.00 price target on shares of Walt Disney in a report on Monday, January 29th. Finally, Zacks Investment Research cut shares of Walt Disney from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $118.82.

Walt Disney stock opened at $100.35 on Friday. The stock has a market cap of $153,540.36, a PE ratio of 17.61, a PEG ratio of 1.74 and a beta of 1.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.80. Walt Disney Co has a one year low of $96.20 and a one year high of $116.10.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 EPS for the quarter, topping the consensus estimate of $1.61 by $0.28. The business had revenue of $15.35 billion during the quarter, compared to analyst estimates of $15.47 billion. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.55 earnings per share. equities research analysts predict that Walt Disney Co will post 6.95 EPS for the current year.

In other news, Director Aylwin B. Lewis sold 1,797 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $108.39, for a total transaction of $194,776.83. Following the completion of the transaction, the director now owns 85,636 shares in the company, valued at $9,282,086.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

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About Walt Disney

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.

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

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