Navalign LLC Lowers Stock Holdings in The Walt Disney Company (NYSE:DIS)

Navalign LLC lowered its position in The Walt Disney Company (NYSE:DIS) by 26.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DIS. WNY Asset Management LLC boosted its stake in shares of Walt Disney by 32.8% during the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock worth $756,000 after acquiring an additional 2,304 shares in the last quarter. Silvia Mccoll Wealth Management LLC raised its stake in Walt Disney by 4.2% during the second quarter. Silvia Mccoll Wealth Management LLC now owns 4,040 shares of the entertainment giant’s stock worth $361,000 after purchasing an additional 164 shares during the period. Pathway Financial Advisors LLC boosted its holdings in Walt Disney by 4.9% in the third quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock valued at $245,000 after acquiring an additional 141 shares during the last quarter. Tempus Wealth Planning LLC grew its holdings in shares of Walt Disney by 4.5% during the 3rd quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock worth $1,031,000 after purchasing an additional 546 shares during the period. Finally, DCM Advisors LLC grew its stake in Walt Disney by 0.3% during the second quarter. DCM Advisors LLC now owns 73,970 shares of the entertainment giant’s stock worth $6,604,000 after buying an additional 198 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DIS. Deutsche Bank Aktiengesellschaft cut their price target on Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Morgan Stanley boosted their price objective on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Needham & Company LLC increased their target price on shares of Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group increased their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Wells Fargo & Company boosted their target price on shares of Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $117.77.

Walt Disney Stock Up 1.1 %

NYSE DIS traded up $1.38 on Thursday, reaching $122.36. The company had a trading volume of 15,160,256 shares, compared to its average volume of 12,578,303. The firm has a market capitalization 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 fifty day moving average is $107.28 and its 200-day moving average is $94.53. The Walt Disney Company has a 1-year low of $78.73 and a 1-year 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 released its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. The business had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 earnings per share. On average, research analysts forecast that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

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

Insider Activity

In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total value of $80,918.78. Following the completion of the sale, the executive vice president now owns 1,861 shares in the company, valued at $167,694.71. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by insiders.

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.