Naples Money Management LLC Acquires New Stake in The Walt Disney Company (NYSE:DIS)

Naples Money Management LLC bought a new position in The Walt Disney Company (NYSE:DIS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 16,650 shares of the entertainment giant’s stock, valued at approximately $1,503,000. Walt Disney accounts for about 1.4% of Naples Money Management LLC’s investment portfolio, making the stock its 29th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in DIS. Dark Forest Capital Management LP purchased a new position in Walt Disney in the 1st quarter worth about $28,000. Worth Asset Management LLC bought a new position in Walt Disney in the 1st quarter worth about $29,000. Planned Solutions Inc. purchased a new position in shares of Walt Disney during the fourth quarter worth approximately $26,000. SkyView Investment Advisors LLC raised its stake in shares of Walt Disney by 172.6% during the second quarter. SkyView Investment Advisors LLC now owns 319 shares of the entertainment giant’s stock valued at $78,000 after acquiring an additional 202 shares in the last quarter. Finally, Stone House Investment Management LLC boosted its holdings in shares of Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 270 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on DIS shares. Rosenblatt Securities raised their price objective on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Argus upped their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Tigress Financial reissued a “buy” rating and set a $136.00 target price on shares of Walt Disney in a research report on Wednesday, February 21st. The Goldman Sachs Group dropped their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Finally, Guggenheim upped their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $124.54.

Walt Disney Stock Performance

Shares of DIS traded up $0.19 during trading hours on Friday, reaching $112.62. 9,408,120 shares of the company traded hands, compared to its average volume of 12,109,229. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The business has a fifty day moving average price of $113.90 and a 200-day moving average price of $98.35. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The stock has a market capitalization of $206.58 billion, a P/E ratio of 69.24, a P/E/G ratio of 1.64 and a beta of 1.42.

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

Walt Disney Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be issued a $0.45 dividend. The ex-dividend date is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Walt Disney Company Profile

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.