Modus Advisors LLC Invests $155,000 in The Walt Disney Company (NYSE:DIS)

Modus Advisors LLC bought a new position in shares of The Walt Disney Company (NYSE:DIS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,389 shares of the entertainment giant’s stock, valued at approximately $155,000.

A number of other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in shares of Walt Disney by 16.8% during the 4th quarter. GAMMA Investing LLC now owns 22,974 shares of the entertainment giant’s stock valued at $2,558,000 after acquiring an additional 3,299 shares during the last quarter. Versant Capital Management Inc grew its position in Walt Disney by 30.2% in the fourth quarter. Versant Capital Management Inc now owns 3,668 shares of the entertainment giant’s stock worth $408,000 after acquiring an additional 850 shares in the last quarter. Cacti Asset Management LLC lifted its stake in Walt Disney by 2.3% during the fourth quarter. Cacti Asset Management LLC now owns 544,813 shares of the entertainment giant’s stock worth $60,365,000 after purchasing an additional 12,170 shares during the last quarter. Copley Financial Group Inc. purchased a new position in shares of Walt Disney in the 3rd quarter worth about $70,000. Finally, Inspire Trust Co. N.A. bought a new position in shares of Walt Disney during the 3rd quarter valued at about $2,597,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

Shares of DIS traded up $0.12 during trading hours on Friday, reaching $110.94. 814,895 shares of the stock traded hands, compared to its average volume of 3,180,071. The company’s 50-day moving average price is $109.06 and its two-hundred day moving average price is $99.01. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The company has a market cap of $200.91 billion, a P/E ratio of 40.94, a price-to-earnings-growth ratio of 2.05 and a beta of 1.42. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37.

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

Walt Disney Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be given a dividend of $0.50 per share. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date is Monday, December 16th. This represents a yield of 0.6%. Walt Disney’s payout ratio is 36.90%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DIS shares. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Rosenblatt Securities lifted their price objective on Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Sanford C. Bernstein raised their price target on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Morgan Stanley upped their price objective on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Bank of America boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $123.58.

Insider Activity

In related news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction on 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 directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.10% 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.