Calamos Advisors LLC Reduces Stake in The Walt Disney Company (NYSE:DIS)

Calamos Advisors LLC lowered its holdings in The Walt Disney Company (NYSE:DIS) by 1.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 621,655 shares of the entertainment giant’s stock after selling 11,891 shares during the quarter. Calamos Advisors LLC’s holdings in Walt Disney were worth $61,724,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Gold Investment Management Ltd. purchased a new position in Walt Disney during the 4th quarter worth approximately $28,000. ESL Trust Services LLC purchased a new position in Walt Disney during the 1st quarter worth approximately $31,000. Partnership Wealth Management LLC purchased a new position in Walt Disney during the 4th quarter worth approximately $33,000. Evolution Advisers Inc. grew its stake in Walt Disney by 38.2% during the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after buying an additional 105 shares during the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new position in Walt Disney during the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Walt Disney stock traded up $0.64 during mid-day trading on Friday, hitting $90.56. 7,369,239 shares of the company were exchanged, compared to its average volume of 11,574,595. The company has a market capitalization of $165.09 billion, a P/E ratio of 98.43, a PEG ratio of 1.15 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The business’s 50 day simple moving average is $94.36 and its two-hundred day simple moving average is $104.63.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 earnings per share. Analysts forecast that The Walt Disney Company will post 4.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on DIS. Evercore ISI decreased their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. UBS Group decreased their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC decreased their price objective on Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Macquarie decreased their price objective on Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Finally, The Goldman Sachs Group initiated coverage on Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target for the company. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $117.95.

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.