Naviter Wealth LLC Raises Stock Position in The Walt Disney Company (NYSE:DIS)

Naviter Wealth LLC grew its position in The Walt Disney Company (NYSE:DIS) by 10.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,278 shares of the entertainment giant’s stock after buying an additional 1,494 shares during the period. Naviter Wealth LLC’s holdings in Walt Disney were worth $1,992,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in DIS. Vaughan Nelson Investment Management L.P. raised its position in Walt Disney by 84.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock valued at $244,754,000 after purchasing an additional 916,772 shares during the period. Avitas Wealth Management LLC boosted its holdings in Walt Disney by 2.2% during the 4th quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock valued at $997,000 after acquiring an additional 238 shares during the period. WNY Asset Management LLC boosted its holdings in Walt Disney by 32.8% during the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after acquiring an additional 2,304 shares during the period. Telos Capital Management Inc. grew its position in Walt Disney by 1.7% in the 4th quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock valued at $6,751,000 after acquiring an additional 1,236 shares in the last quarter. Finally, Howard Capital Management Group LLC increased its stake in Walt Disney by 1.8% during the fourth quarter. Howard Capital Management Group LLC now owns 213,601 shares of the entertainment giant’s stock worth $19,286,000 after purchasing an additional 3,716 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In related news, Director James P. Gorman bought 20,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James P. Gorman bought 20,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were purchased at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the purchase, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The disclosure for this purchase can be found here. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE:DIS traded down $0.06 during trading hours on Tuesday, hitting $97.98. 13,331,440 shares of the company’s stock traded hands, compared to its average volume of 11,522,665. The company’s fifty day simple moving average is $104.48 and its two-hundred day simple moving average is $104.77. The company has a market cap of $178.62 billion, a price-to-earnings ratio of 105.98, a price-to-earnings-growth ratio of 1.23 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. As a group, equities analysts anticipate that The Walt Disney Company will post 4.76 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Guggenheim lifted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Daiwa Capital Markets reiterated a “buy” rating and issued a $133.00 price objective on shares of Walt Disney in a research note on Monday, April 1st. Raymond James lifted their target price on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft upped their price target on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, UBS Group lowered their price objective on Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.44.

Walt Disney 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.