Navalign LLC Decreases Position in The Walt Disney Company (NYSE:DIS)

Navalign LLC cut its position in shares of The Walt Disney Company (NYSE:DIS) by 26.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,269 shares of the entertainment giant’s stock after selling 2,255 shares during the period. Navalign LLC’s holdings in Walt Disney were worth $566,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DIS. Planned Solutions Inc. purchased a new position in shares of Walt Disney in the 4th quarter valued at $26,000. Dark Forest Capital Management LP purchased a new position in shares of Walt Disney in the first quarter worth $28,000. Worth Asset Management LLC purchased a new stake in Walt Disney in the first quarter valued at $29,000. Fortis Group Advisors LLC purchased a new position in Walt Disney during the third quarter valued at approximately $30,000. Finally, MBM Wealth Consultants LLC increased its holdings in shares of Walt Disney by 197.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after purchasing an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 1.1 %

Shares of Walt Disney stock traded up $1.38 during midday trading on Thursday, reaching $122.36. 15,160,256 shares of the company’s stock traded hands, compared to its average volume of 12,578,303. The company has a market cap of $224.44 billion, a price-to-earnings ratio of 75.61, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41. The company’s 50 day simple moving average is $107.28 and its 200 day simple moving average is $94.53. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter in the previous year, the firm earned $0.99 EPS. The firm’s revenue was down .1% compared to the same quarter last year. Equities analysts expect that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be issued a dividend of $0.45 per share. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s payout ratio is 18.52%.

Insider Buying and Selling at Walt Disney

In related news, EVP Sonia L. Coleman sold 898 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total value of $80,918.78. Following the transaction, the executive vice president now owns 1,861 shares in the company, valued at $167,694.71. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of recent analyst reports. Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $95.00 to $135.00 in a research report on Monday. Wells Fargo & Company upped their price objective on shares of Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Macquarie upped their price objective on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft cut their price objective on Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. Finally, Rosenblatt Securities reduced their price target on shares of Walt Disney from $114.00 to $112.00 and set a “buy” rating on the stock in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $117.77.

About Walt Disney

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.