Cladis Investment Advisory LLC Has $1.75 Million Holdings in The Walt Disney Company (NYSE:DIS)

Cladis Investment Advisory LLC grew its position in The Walt Disney Company (NYSE:DIS) by 8.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,234 shares of the entertainment giant’s stock after purchasing an additional 1,345 shares during the quarter. Walt Disney comprises approximately 1.2% of Cladis Investment Advisory LLC’s investment portfolio, making the stock its 20th biggest position. Cladis Investment Advisory LLC’s holdings in Walt Disney were worth $1,754,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Coastwise Capital Group LLC increased its position in Walt Disney by 17.3% during the third quarter. Coastwise Capital Group LLC now owns 6,852 shares of the entertainment giant’s stock worth $659,000 after acquiring an additional 1,009 shares during the period. Benjamin Edwards Inc. boosted its stake in shares of Walt Disney by 139,052.4% in the third quarter. Benjamin Edwards Inc. now owns 29,222 shares of the entertainment giant’s stock valued at $2,811,000 after buying an additional 29,201 shares during the period. Atom Investors LP bought a new position in Walt Disney during the 3rd quarter worth $352,000. Kestra Investment Management LLC acquired a new position in Walt Disney in the 3rd quarter valued at $255,000. Finally, Alerus Financial NA bought a new stake in shares of Walt Disney during the 3rd quarter valued at $3,002,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,005,529.10. This represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 0.1 %

Shares of DIS stock opened at $117.47 on Monday. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The stock has a market cap of $212.73 billion, a price-to-earnings ratio of 43.35, a PEG ratio of 2.18 and a beta of 1.40. The stock has a 50-day moving average of $100.46 and a 200-day moving average of $97.17.

Wall Street Analyst Weigh In

DIS has been the topic of several recent analyst reports. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Sanford C. Bernstein boosted their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Macquarie raised their target price on Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Guggenheim boosted their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Bank of America raised their price objective on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $123.83.

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.