Naples Money Management LLC Takes $1.50 Million Position in The Walt Disney Company (NYSE:DIS)

Naples Money Management LLC bought a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,650 shares of the entertainment giant's stock, valued at approximately $1,503,000. Walt Disney comprises about 1.4% of Naples Money Management LLC's holdings, making the stock its 29th largest position.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Walt Disney by 0.7% in the third quarter. Vanguard Group Inc. now owns 149,887,754 shares of the entertainment giant's stock valued at $12,148,402,000 after buying an additional 994,575 shares during the period. Morgan Stanley raised its stake in Walt Disney by 13.5% in the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant's stock valued at $4,011,473,000 after acquiring an additional 5,499,014 shares during the period. Trian Fund Management L.P. lifted its holdings in Walt Disney by 411.6% during the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant's stock valued at $2,663,976,000 after purchasing an additional 26,443,257 shares during the last quarter. Northern Trust Corp lifted its holdings in Walt Disney by 10.6% during the third quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant's stock valued at $2,014,861,000 after purchasing an additional 2,384,407 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its position in Walt Disney by 109,924.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant's stock worth $2,056,126,000 after purchasing an additional 23,644,765 shares during the period. Institutional investors own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DIS shares. The Goldman Sachs Group dropped their price target on shares of Walt Disney from $125.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, February 8th. Macquarie increased their target price on Walt Disney from $94.00 to $104.00 and gave the stock a "neutral" rating in a research report on Thursday, February 8th. Guggenheim lifted their price target on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, April 3rd. Evercore ISI increased their price objective on Walt Disney from $115.00 to $130.00 and gave the stock an "outperform" rating in a report on Monday, April 8th. Finally, Daiwa Capital Markets restated a "buy" rating and issued a $133.00 target price on shares of Walt Disney in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $124.54.

Walt Disney Price Performance

NYSE:DIS traded up $0.19 during mid-day trading on Friday, reaching $112.62. The stock had a trading volume of 9,408,120 shares, compared to its average volume of 12,109,229. The stock has a market capitalization of $206.58 billion, a P/E ratio of 69.24, a P/E/G ratio of 1.64 and a beta of 1.42. The firm has a 50 day moving average price of $113.90 and a two-hundred day moving average price of $98.35. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. During the same period in the previous year, the business posted $0.99 EPS. The business's quarterly revenue was down .1% on a year-over-year basis. As a group, analysts expect that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be paid 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 presently 18.52%.

Insider Buying and Selling at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the business's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company's stock.

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.

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.