Lavaca Capital LLC Has $748,000 Stock Holdings in The Walt Disney Company (NYSE:DIS)


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Lavaca Capital LLC cut its stake in The Walt Disney Company (NYSE:DIS) by 33.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,131 shares of the entertainment giant’s stock after selling 2,051 shares during the quarter. Lavaca Capital LLC’s holdings in The Walt Disney were worth $748,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of the business. Eudaimonia Partners LLC increased its position in The Walt Disney by 0.6% during the third quarter. Eudaimonia Partners LLC now owns 12,789 shares of the entertainment giant’s stock worth $173,000 after buying an additional 70 shares during the last quarter. Platform Technology Partners increased its position in The Walt Disney by 0.9% during the third quarter. Platform Technology Partners now owns 9,090 shares of the entertainment giant’s stock worth $1,128,000 after buying an additional 81 shares during the last quarter. Dempze Nancy E increased its position in The Walt Disney by 0.4% during the third quarter. Dempze Nancy E now owns 21,435 shares of the entertainment giant’s stock worth $2,660,000 after buying an additional 95 shares during the last quarter. Schulhoff & Co. Inc. increased its position in The Walt Disney by 1.1% during the third quarter. Schulhoff & Co. Inc. now owns 8,491 shares of the entertainment giant’s stock worth $1,053,000 after buying an additional 95 shares during the last quarter. Finally, Resonant Capital Advisors LLC increased its position in The Walt Disney by 0.8% during the third quarter. Resonant Capital Advisors LLC now owns 12,592 shares of the entertainment giant’s stock worth $1,562,000 after buying an additional 98 shares during the last quarter. 57.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DIS opened at $176.12 on Thursday. The stock has a market cap of $318.86 billion, a price-to-earnings ratio of -110.77, a P/E/G ratio of 4.37 and a beta of 1.16. The company has a quick ratio of 1.26, a current ratio of 1.32 and a debt-to-equity ratio of 0.60. The Walt Disney Company has a 12 month low of $79.07 and a 12 month high of $183.40. The company has a 50-day moving average price of $168.29 and a two-hundred day moving average price of $136.87.

The Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 12th. The entertainment giant reported ($0.20) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.68) by $0.48. The company had revenue of $14.71 billion during the quarter, compared to analyst estimates of $14.10 billion. The Walt Disney had a negative net margin of 4.38% and a positive return on equity of 4.05%. The company’s revenue was down 23.1% on a year-over-year basis. During the same quarter last year, the business posted $1.07 earnings per share. Equities research analysts expect that The Walt Disney Company will post 2.05 EPS for the current fiscal year.

Several equities analysts have commented on the stock. The Goldman Sachs Group increased their target price on shares of The Walt Disney from $142.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, November 13th. Smith Barney Citigroup upped their price target on shares of The Walt Disney from $150.00 to $175.00 in a report on Wednesday, December 2nd. Wells Fargo & Company upped their price target on shares of The Walt Disney from $182.00 to $201.00 and gave the company an “overweight” rating in a report on Wednesday, December 23rd. Truist initiated coverage on shares of The Walt Disney in a report on Thursday, December 10th. They set a “buy” rating and a $175.00 price target for the company. Finally, Royal Bank of Canada upgraded shares of The Walt Disney from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $124.00 to $170.00 in a report on Friday, November 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $159.17.

In other news, EVP Alan N. Braverman sold 48,908 shares of the firm’s stock in a transaction that occurred on Tuesday, November 24th. The shares were sold at an average price of $150.00, for a total transaction of $7,336,200.00. Following the completion of the sale, the executive vice president now owns 126,954 shares of the company’s stock, valued at $19,043,100. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Zenia B. Mucha sold 797 shares of the firm’s stock in a transaction that occurred on Wednesday, December 23rd. The stock was sold at an average price of $172.96, for a total transaction of $137,849.12. Following the sale, the executive vice president now directly owns 20,634 shares of the company’s stock, valued at approximately $3,568,856.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 128,903 shares of company stock valued at $20,128,600. Company insiders own 0.31% of the company’s stock.

About The Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.

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

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