Navis Wealth Advisors LLC Acquires 297 Shares of The Walt Disney Company (NYSE:DIS)

Navis Wealth Advisors LLC grew its holdings in shares of The Walt Disney Company (NYSE:DIS) by 10.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,020 shares of the entertainment giant’s stock after acquiring an additional 297 shares during the period. Navis Wealth Advisors LLC’s holdings in Walt Disney were worth $336,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DIS. Clarendon Private LLC bought a new position in Walt Disney during the fourth quarter worth $545,000. Moody Lynn & Lieberson LLC raised its stake in Walt Disney by 2.3% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 9,777 shares of the entertainment giant’s stock worth $1,089,000 after buying an additional 221 shares during the last quarter. Patton Albertson Miller Group LLC raised its stake in Walt Disney by 7.8% during the fourth quarter. Patton Albertson Miller Group LLC now owns 52,865 shares of the entertainment giant’s stock worth $5,887,000 after buying an additional 3,827 shares during the last quarter. Jacksonville Wealth Management LLC bought a new position in Walt Disney during the fourth quarter worth $650,000. Finally, Insight Inv LLC raised its stake in Walt Disney by 8.6% during the fourth quarter. Insight Inv LLC now owns 18,757 shares of the entertainment giant’s stock worth $2,089,000 after buying an additional 1,491 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the completion of the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 385,412 shares of company stock valued at $44,153,263. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 1.1 %

Walt Disney stock opened at $112.25 on Friday. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The stock has a market cap of $203.28 billion, a PE ratio of 41.42, a price-to-earnings-growth ratio of 1.95 and a beta of 1.43. The firm’s 50-day simple moving average is $112.46 and its 200 day simple moving average is $100.07. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.

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

Walt Disney Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Rosenblatt Securities lifted their target price on shares of Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Sanford C. Bernstein raised their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. Bank of America raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Citigroup restated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a report on Wednesday. Finally, Loop Capital raised their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $125.52.

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.