Calamos Advisors LLC Decreases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Calamos Advisors LLC decreased its position in The Walt Disney Company (NYSE:DIS) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 588,408 shares of the entertainment giant’s stock after selling 4,608 shares during the quarter. Calamos Advisors LLC’s holdings in Walt Disney were worth $53,127,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Planned Solutions Inc. bought a new stake in Walt Disney during the fourth quarter worth about $26,000. Dark Forest Capital Management LP bought a new position in Walt Disney during the first quarter valued at approximately $28,000. Worth Asset Management LLC bought a new position in Walt Disney during the first quarter valued at approximately $29,000. Fortis Group Advisors LLC bought a new position in Walt Disney during the third quarter valued at approximately $30,000. Finally, Stone House Investment Management LLC lifted its position in Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 270 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 0.1 %

Shares of Walt Disney stock traded down $0.08 during trading on Thursday, hitting $112.86. The stock had a trading volume of 7,613,610 shares, compared to its average volume of 12,136,652. The firm’s fifty day simple moving average is $113.86 and its 200-day simple moving average is $98.25. The stock has a market cap of $207.02 billion, a PE ratio of 70.39, a PEG ratio of 1.65 and a beta of 1.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74.

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

Walt Disney Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be issued a $0.45 dividend. The ex-dividend date is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio is currently 18.52%.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on DIS shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Wells Fargo & Company increased their price target on shares of Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. UBS Group increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Needham & Company LLC increased their price target on shares of Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, Raymond James increased their price target on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.54.

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.