Hodges Capital Management Inc. Has $829,000 Stake in Walt Disney Co (DIS)

Hodges Capital Management Inc. lowered its position in shares of Walt Disney Co (NYSE:DIS) by 43.8% during the third quarter, HoldingsChannel.com reports. The firm owned 8,406 shares of the entertainment giant’s stock after selling 6,564 shares during the period. Hodges Capital Management Inc.’s holdings in Walt Disney were worth $829,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Walt Disney during the second quarter worth approximately $925,000. Lee Financial Co grew its position in shares of Walt Disney by 7.6% during the second quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock worth $112,000 after buying an additional 74 shares in the last quarter. Legacy Advisors LLC acquired a new stake in shares of Walt Disney during the third quarter worth approximately $137,000. Krilogy Financial LLC grew its position in shares of Walt Disney by 13.2% during the second quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock worth $151,000 after buying an additional 166 shares in the last quarter. Finally, BDO Wealth Advisors LLC acquired a new stake in shares of Walt Disney during the second quarter worth approximately $153,000. Institutional investors own 61.52% of the company’s stock.

DIS has been the subject of a number of recent analyst reports. Jefferies Group reissued a “hold” rating and set a $103.00 price target (down previously from $110.00) on shares of Walt Disney in a research report on Friday, October 6th. Pivotal Research lifted their price objective on shares of Walt Disney from $83.00 to $91.00 and gave the stock a “sell” rating in a report on Thursday, December 14th. BTIG Research reaffirmed a “sell” rating on shares of Walt Disney in a report on Monday, September 25th. Morgan Stanley decreased their price objective on shares of Walt Disney from $130.00 to $120.00 and set an “overweight” rating for the company in a report on Tuesday, October 31st. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Walt Disney in a report on Wednesday, November 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $115.77.

Walt Disney Co (NYSE:DIS) opened at $110.99 on Friday. Walt Disney Co has a 1-year low of $96.20 and a 1-year high of $116.10. The stock has a market cap of $167,630.00, a price-to-earnings ratio of 19.54, a PEG ratio of 2.38 and a beta of 1.38. 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 announced its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.05). Walt Disney had a net margin of 14.59% and a return on equity of 16.71%. The firm had revenue of $12.78 billion for the quarter, compared to analyst estimates of $13.30 billion. During the same period last year, the firm posted $1.10 EPS. The business’s revenue was down 2.8% compared to the same quarter last year. sell-side analysts expect that Walt Disney Co will post 6.23 EPS for the current year.

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

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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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