The First Houston Capital Inc. Has $1,151,000 Stake in Walt Disney Company (The) (DIS), Report finds

The First Houston Capital Inc. Has $1,151,000 Stake in Walt Disney Company (The) (DIS), Report finds

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Balentine LLC raised its position in Walt Disney Company (The) by 365.8% in the second quarter. Balentine LLC now owns 1,076 shares of the entertainment giant’s stock worth $105,000 after buying an additional 845 shares in the last quarter. Lombard Odier Transatlantic Limited Partnership raised its position in Walt Disney Company (The) by 71.4% in the third quarter. Lombard Odier Transatlantic Limited Partnership now owns 1,200 shares of the entertainment giant’s stock worth $111,000 after buying an additional 500 shares in the last quarter. TLP Group LLC purchased a new position in Walt Disney Company (The) during the third quarter worth $129,000. Cordasco Financial Network raised its position in Walt Disney Company (The) by 149.8% in the second quarter. Cordasco Financial Network now owns 1,501 shares of the entertainment giant’s stock worth $147,000 after buying an additional 900 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC raised its position in Walt Disney Company (The) by 2.2% in the third quarter. Signature Estate & Investment Advisors LLC now owns 1,649 shares of the entertainment giant’s stock worth $153,000 after buying an additional 36 shares in the last quarter. 58.36% of the stock is owned by hedge funds and other institutional investors.

First Houston Capital Inc. lowered its position in Walt Disney Company (The) (NYSE:DIS) by 25.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,400 shares of the entertainment giant’s stock after selling 4,150 shares during the period. First Houston Capital Inc.’s holdings in Walt Disney Company (The) were worth $1,151,000 as of its most recent filing with the SEC.

Shares of Walt Disney Company (NYSE:DIS) traded down 0.21% during midday trading on Friday, hitting $109.26. 7,671,800 shares of the stock traded hands. The stock has a market capitalization of $172.77 billion, a P/E ratio of 19.72 and a beta of 1.25. The firm has a 50-day moving average price of $108.08 and a 200-day moving average price of $98.79. Walt Disney Company has a 52 week low of $90.32 and a 52 week high of $111.99.

Walt Disney Company (The) (NYSE:DIS) last posted its earnings results on Tuesday, February 7th. The entertainment giant reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.05. Walt Disney Company (The) had a net margin of 16.29% and a return on equity of 19.43%. The firm had revenue of $14.78 billion for the quarter, compared to analyst estimates of $15.30 billion. During the same period in the previous year, the firm posted $1.63 EPS. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, equities analysts predict that Walt Disney Company will post $5.93 earnings per share for the current fiscal year.

A number of brokerages have recently commented on DIS. Morgan Stanley raised shares of Walt Disney Company (The) from an “equal weight” rating to an “overweight” rating in a research report on Wednesday. BTIG Research reaffirmed a “sell” rating on shares of Walt Disney Company (The) in a research report on Friday, November 11th. Piper Jaffray Companies set a $115.00 price objective on shares of Walt Disney Company (The) and gave the company a “buy” rating in a research report on Thursday, December 15th. Drexel Hamilton reaffirmed a “hold” rating and set a $102.00 price objective on shares of Walt Disney Company (The) in a research report on Friday, November 11th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Walt Disney Company (The) in a research report on Friday, November 11th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $114.58.

In other Walt Disney Company (The) news, EVP Alan N. Braverman sold 19,871 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $99.00, for a total transaction of $1,967,229.00. Following the sale, the executive vice president now directly owns 135,614 shares of the company’s stock, valued at approximately $13,425,786. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brent Woodford sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of $110.50, for a total transaction of $221,000.00. Following the sale, the executive vice president now directly owns 27,745 shares in the company, valued at $3,065,822.50. The disclosure for this sale can be found here. Insiders have sold a total of 33,108 shares of company stock worth $3,372,163 over the last three months. Insiders own 0.38% of the company’s stock.

Walt Disney Company (The) Company Profile

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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