Caxton Associates LLP Cuts Stake in The Walt Disney Company $DIS

Caxton Associates LLP lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 94.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,781 shares of the entertainment giant’s stock after selling 462,787 shares during the period. Caxton Associates LLP’s holdings in Walt Disney were worth $3,445,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Semper Augustus Investments Group LLC boosted its stake in Walt Disney by 3.3% in the 2nd quarter. Semper Augustus Investments Group LLC now owns 144,397 shares of the entertainment giant’s stock worth $17,907,000 after purchasing an additional 4,596 shares in the last quarter. Wellington Capital Management Inc. purchased a new stake in Walt Disney during the 2nd quarter valued at about $912,000. Rexford Capital Inc. acquired a new position in shares of Walt Disney in the second quarter valued at about $458,000. Parr Mcknight Wealth Management Group LLC purchased a new position in shares of Walt Disney in the second quarter worth about $215,000. Finally, Winslow Asset Management Inc. lifted its holdings in shares of Walt Disney by 2.2% during the second quarter. Winslow Asset Management Inc. now owns 73,162 shares of the entertainment giant’s stock worth $9,073,000 after purchasing an additional 1,587 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Up 0.1%

DIS opened at $111.52 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.31. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a market cap of $199.10 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 1.54 and a beta of 1.49. The company has a 50-day moving average price of $109.24 and a 200 day moving average price of $114.63.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.08. Walt Disney had a return on equity of 9.37% and a net margin of 13.14%.The business had revenue of $22.46 billion during the quarter, compared to analysts’ expectations of $22.78 billion. During the same quarter in the prior year, the firm earned $1.14 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. Sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, June 30th. This represents a yield of 139.0%. Walt Disney’s payout ratio is presently 14.58%.

Wall Street Analysts Forecast Growth

DIS has been the subject of several research reports. Evercore ISI lifted their price objective on shares of Walt Disney from $140.00 to $142.00 and gave the company an “outperform” rating in a research note on Friday, November 14th. Wells Fargo & Company lowered their target price on Walt Disney from $159.00 to $152.00 and set an “overweight” rating on the stock in a research note on Friday, November 14th. Jefferies Financial Group lowered their price objective on Walt Disney from $144.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Citigroup reaffirmed a “positive” rating on shares of Walt Disney in a report on Friday, November 14th. Finally, Cowen reissued a “hold” rating on shares of Walt Disney in a report on Friday, November 14th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $134.41.

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.