Cox Capital Mgt LLC Decreases Holdings in The Walt Disney Company $DIS

Cox Capital Mgt LLC reduced its position in The Walt Disney Company (NYSE:DIS) by 51.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,388 shares of the entertainment giant’s stock after selling 10,857 shares during the period. Cox Capital Mgt LLC’s holdings in Walt Disney were worth $1,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC bought a new position in Walt Disney in the second quarter worth approximately $4,220,599,000. Wedge Capital Management L L P NC grew its position in shares of Walt Disney by 8,744.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock valued at $39,724,000 after acquiring an additional 316,707 shares during the period. Lodge Hill Capital LLC purchased a new stake in shares of Walt Disney in the 1st quarter worth $24,373,000. Border to Coast Pensions Partnership Ltd raised its holdings in Walt Disney by 13.6% in the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 502,961 shares of the entertainment giant’s stock worth $62,372,000 after purchasing an additional 60,353 shares during the period. Finally, Chapin Davis Inc. lifted its position in Walt Disney by 10.4% during the second quarter. Chapin Davis Inc. now owns 30,117 shares of the entertainment giant’s stock valued at $3,735,000 after purchasing an additional 2,828 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Wells Fargo & Company reduced their price target on Walt Disney from $159.00 to $152.00 and set an “overweight” rating for the company in a research report on Friday, November 14th. Guggenheim restated a “buy” rating and set a $140.00 target price on shares of Walt Disney in a research note on Friday, November 14th. Raymond James Financial reaffirmed a “market perform” rating on shares of Walt Disney in a report on Friday, November 14th. KeyCorp reissued a “sector weight” rating on shares of Walt Disney in a research note on Friday, November 14th. Finally, Cowen restated a “hold” rating on shares of Walt Disney in a research report on Friday, November 14th. Nineteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.41.

Walt Disney Trading Down 0.9%

Walt Disney stock opened at $110.56 on Thursday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The firm’s 50 day moving average price is $109.15 and its 200-day moving average price is $114.58. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.71 and a quick ratio of 0.65. The stock has a market cap of $197.39 billion, a P/E ratio of 16.12, a PEG ratio of 1.54 and a beta of 1.49.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.08. The company had revenue of $22.46 billion during the quarter, compared to analysts’ expectations of $22.78 billion. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. Walt Disney’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the company posted $1.14 earnings per share. On average, equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be given a $0.75 dividend. This represents a dividend yield of 139.0%. The ex-dividend date is Tuesday, June 30th. Walt Disney’s payout ratio is currently 21.87%.

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.