Naples Global Advisors LLC Buys 2,204 Shares of The Walt Disney Company (NYSE:DIS)

Naples Global Advisors LLC raised its stake in The Walt Disney Company (NYSE:DIS) by 13.0% in the first quarter, Holdings Channel reports. The fund owned 19,181 shares of the entertainment giant’s stock after purchasing an additional 2,204 shares during the quarter. Naples Global Advisors LLC’s holdings in Walt Disney were worth $1,893,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DIS. Brighton Jones LLC lifted its holdings in shares of Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after acquiring an additional 1,904 shares during the last quarter. Hager Investment Management Services LLC bought a new position in shares of Walt Disney in the fourth quarter worth about $43,000. Y.D. More Investments Ltd lifted its holdings in shares of Walt Disney by 2,428.6% in the fourth quarter. Y.D. More Investments Ltd now owns 885 shares of the entertainment giant’s stock worth $99,000 after acquiring an additional 850 shares during the last quarter. Money Concepts Capital Corp lifted its holdings in shares of Walt Disney by 118.9% in the fourth quarter. Money Concepts Capital Corp now owns 7,787 shares of the entertainment giant’s stock worth $867,000 after acquiring an additional 4,230 shares during the last quarter. Finally, Absher Wealth Management LLC raised its holdings in Walt Disney by 2.2% in the 4th quarter. Absher Wealth Management LLC now owns 14,449 shares of the entertainment giant’s stock valued at $1,609,000 after buying an additional 308 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Rosenblatt Securities raised their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday. Barclays raised their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Morgan Stanley raised their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Loop Capital raised their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Finally, Wolfe Research upgraded shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective for the company in a report on Monday, April 21st. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.75.

Walt Disney Stock Performance

NYSE:DIS opened at $112.49 on Friday. The company has a fifty day moving average of $98.14 and a 200-day moving average of $105.80. The firm has a market capitalization of $202.22 billion, a P/E ratio of 36.64, a P/E/G ratio of 1.80 and a beta of 1.49. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Walt Disney’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.21 EPS. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president now owns 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.16% of the stock is currently owned by company 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.