Brave Asset Management Inc. Acquires 211 Shares of The Walt Disney Company (NYSE:DIS)

Brave Asset Management Inc. raised its holdings in The Walt Disney Company (NYSE:DIS) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,591 shares of the entertainment giant’s stock after purchasing an additional 211 shares during the quarter. Brave Asset Management Inc.’s holdings in Walt Disney were worth $400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in DIS. Godsey & Gibb Inc. lifted its stake in Walt Disney by 1.4% in the fourth quarter. Godsey & Gibb Inc. now owns 177,664 shares of the entertainment giant’s stock valued at $19,783,000 after purchasing an additional 2,387 shares during the last quarter. Rockingstone Advisors LLC bought a new stake in shares of Walt Disney in the fourth quarter valued at $390,000. ARS Wealth Advisors Group LLC lifted its position in shares of Walt Disney by 10.4% during the 4th quarter. ARS Wealth Advisors Group LLC now owns 7,975 shares of the entertainment giant’s stock valued at $888,000 after buying an additional 750 shares during the last quarter. Presilium Private Wealth LLC grew its stake in shares of Walt Disney by 2.5% during the 4th quarter. Presilium Private Wealth LLC now owns 5,175 shares of the entertainment giant’s stock worth $576,000 after acquiring an additional 125 shares during the period. Finally, Apella Capital LLC grew its stake in shares of Walt Disney by 2.5% during the 4th quarter. Apella Capital LLC now owns 7,190 shares of the entertainment giant’s stock worth $801,000 after acquiring an additional 178 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Insider Activity at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the completion of the transaction, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares in the company, valued at $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock worth $44,153,263 in the last ninety days. 0.10% of the stock is owned by company insiders.

Walt Disney Price Performance

Shares of NYSE DIS opened at $108.12 on Thursday. The stock has a market capitalization of $195.80 billion, a P/E ratio of 39.90, a PEG ratio of 2.03 and a beta of 1.43. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The firm’s 50 day simple moving average is $111.58 and its two-hundred day simple moving average is $99.51. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The company had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 EPS. As a group, analysts expect that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, January 16th. Stockholders of record on Monday, December 16th will be paid a $0.50 dividend. This represents a dividend yield of 0.6%. The ex-dividend date is Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is 36.90%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DIS shares. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Morgan Stanley boosted their price target on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Guggenheim lifted their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average price target of $125.54.

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.