Caxton Associates LLP Makes New Investment in The Walt Disney Company $DIS

Key Points

• Caxton Associates LLP has invested approximately $48.42 million in The Walt Disney Company, acquiring about 490,568 shares, making it the 11th largest holding for the firm.
• Walt Disney recently reported $1.61 EPS for its latest quarter, exceeding analysts' expectations of $1.45, while its revenue was slightly below expectations at $23.65 billion.
• Analysts maintain a generally positive outlook on Disney stock, with a consensus rating of "Moderate Buy" and an average price target of $131.18.

Caxton Associates LLP purchased a new position in The Walt Disney Company (NYSE:DIS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 490,568 shares of the entertainment giant's stock, valued at approximately $48,419,000. Walt Disney makes up 1.7% of Caxton Associates LLP's holdings, making the stock its 11th largest holding.

A number of other institutional investors have also bought and sold shares of the business. Signature Estate & Investment Advisors LLC increased its stake in Walt Disney by 3.1% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 8,406 shares of the entertainment giant's stock worth $830,000 after buying an additional 254 shares in the last quarter. Sciencast Management LP increased its stake in Walt Disney by 34.1% in the 1st quarter. Sciencast Management LP now owns 36,572 shares of the entertainment giant's stock worth $3,610,000 after buying an additional 9,296 shares in the last quarter. Voleon Capital Management LP purchased a new stake in Walt Disney in the 1st quarter worth $2,857,000. Ashton Thomas Private Wealth LLC increased its stake in Walt Disney by 10.5% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 22,422 shares of the entertainment giant's stock worth $2,213,000 after buying an additional 2,136 shares in the last quarter. Finally, Guardian Partners Inc. increased its stake in Walt Disney by 2.0% in the 1st quarter. Guardian Partners Inc. now owns 32,010 shares of the entertainment giant's stock worth $3,159,000 after buying an additional 630 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Trading Down 1.0%

Shares of NYSE:DIS traded down $1.19 during trading on Friday, reaching $115.89. 4,257,659 shares of the company were exchanged, compared to its average volume of 9,417,106. The firm has a market capitalization of $208.37 billion, a PE ratio of 18.16, a P/E/G ratio of 1.67 and a beta of 1.55. The business's fifty day simple moving average is $118.50 and its 200-day simple moving average is $108.99. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney's revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company posted $1.39 earnings per share. On average, research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on DIS shares. UBS Group increased their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Chardan Capital reissued a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Loop Capital increased their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Citigroup increased their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, Rosenblatt Securities increased their price objective on shares of Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $131.18.

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.