Calamos Wealth Management LLC Lowers Position in The Walt Disney Company (NYSE:DIS)

Calamos Wealth Management LLC reduced its stake in The Walt Disney Company (NYSE:DISFree Report) by 9.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,901 shares of the entertainment giant’s stock after selling 1,306 shares during the quarter. Calamos Wealth Management LLC’s holdings in Walt Disney were worth $1,075,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of DIS. Planned Solutions Inc. purchased a new stake in Walt Disney in the 4th quarter valued at $26,000. Dark Forest Capital Management LP bought a new position in Walt Disney in the 1st quarter valued at $28,000. Worth Asset Management LLC bought a new position in Walt Disney in the 1st quarter valued at $29,000. Fortis Group Advisors LLC bought a new position in Walt Disney in the 3rd quarter valued at $30,000. Finally, Stone House Investment Management LLC grew its stake in Walt Disney by 355.3% in the 4th 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. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Needham & Company LLC upped their price objective on Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Argus upped their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Tigress Financial restated a “buy” rating and issued a $136.00 price objective on shares of Walt Disney in a research note on Wednesday, February 21st. Raymond James upped their price objective on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, Bank of America upped their price objective on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $124.54.

Get Our Latest Analysis on Walt Disney

Walt Disney Stock Up 0.2 %

Shares of NYSE DIS opened at $112.61 on Friday. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The business has a 50-day simple moving average of $113.98 and a two-hundred day simple moving average of $98.69. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The company has a market cap of $206.56 billion, a P/E ratio of 69.51, a P/E/G ratio of 1.38 and a beta of 1.42.

Walt Disney (NYSE:DISGet Free Report) last issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping the consensus estimate of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter last year, the company earned $0.99 EPS. The firm’s revenue was down .1% compared to the same quarter last year. Research analysts anticipate that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

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

About Walt Disney

(Free Report)

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.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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