Cox Capital Mgt LLC Lowers Position in The Walt Disney Company $DIS

Cox Capital Mgt LLC decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 51.1% during the third quarter, according to its most recent filing with the SEC. The firm 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 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. grew its stake in Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares during the period. Harbor Asset Planning Inc. purchased a new position in Walt Disney during the second quarter valued at $37,000. Total Investment Management Inc. bought a new stake in shares of Walt Disney during the 2nd quarter valued at $37,000. Howard Hughes Medical Institute purchased a new stake in shares of Walt Disney in the 2nd quarter worth about $48,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of Walt Disney in the 2nd quarter worth about $49,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 0.9%

NYSE:DIS opened at $110.56 on Thursday. The stock has a market cap of $197.39 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 1.54 and a beta of 1.49. 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 company’s 50 day moving average price is $109.15 and its 200-day moving average price is $114.58. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69.

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

Walt Disney Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be issued a $0.75 dividend. This represents a yield of 139.0%. The ex-dividend date is Tuesday, June 30th. Walt Disney’s dividend payout ratio (DPR) is presently 21.87%.

Analyst Ratings Changes

A number of brokerages recently issued reports on DIS. Evercore ISI lifted their price target on shares of Walt Disney from $140.00 to $142.00 and gave the company an “outperform” rating in a research report on Friday, November 14th. Raymond James Financial reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Friday, November 14th. Guggenheim reiterated a “buy” rating and set a $140.00 target price on shares of Walt Disney in a report on Friday, November 14th. Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Cowen reaffirmed a “hold” rating on shares of Walt Disney in a research report on Friday, November 14th. Nineteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.41.

About Walt Disney

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.