The Walt Disney Co. (DIS) Shares Gap Up to $98.41
The Walt Disney Co. (NYSE:DIS)’s share price gapped up before the market opened on Friday . The stock had previously closed at $98.12, but opened at $98.41. The Walt Disney shares last traded at $99.53, with a volume of 2,727,518 shares trading hands.
Several research firms have weighed in on DIS. Jefferies Group restated a “hold” rating and set a $92.00 price target (down previously from $101.05) on shares of The Walt Disney in a report on Wednesday, May 11th. Topeka Capital Markets cut their price target on The Walt Disney from $130.00 to $129.00 and set a “buy” rating for the company in a report on Wednesday, May 11th. Piper Jaffray Cos. restated an “overweight” rating and set a $120.00 price target on shares of The Walt Disney in a report on Tuesday, May 10th. Nomura Holdings Inc. raised their price target on The Walt Disney from $110.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, April 26th. Finally, Drexel Hamilton restated a “buy” rating on shares of The Walt Disney in a report on Thursday, May 5th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $109.82.
The firm has a 50-day moving average price of $98.38 and a 200-day moving average price of $98.73. The firm has a market capitalization of $161.63 billion and a P/E ratio of 18.34.
The Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, May 10th. The entertainment giant reported $1.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by $0.04. The business earned $12.97 billion during the quarter, compared to the consensus estimate of $13.22 billion. The Walt Disney’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 EPS. Equities analysts forecast that The Walt Disney Co. will post $5.81 earnings per share for the current fiscal year.
The firm also recently declared a semiannual dividend, which will be paid on Thursday, July 28th. Shareholders of record on Monday, July 11th will be paid a $0.71 dividend. This represents a yield of 1.45%. The ex-dividend date is Thursday, July 7th.
In other news, Director Maria Elena Lagomasino acquired 980 shares of the company’s stock in a transaction on Thursday, May 12th. The shares were bought at an average price of $101.98 per share, with a total value of $99,940.40. Following the completion of the acquisition, the director now owns 2,820 shares in the company, valued at approximately $287,583.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 2,500 shares of the firm’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $106.50, for a total value of $266,250.00. Following the transaction, the executive vice president now directly owns 27,975 shares in the company, valued at approximately $2,979,337.50. The disclosure for this sale can be found here.
Several institutional investors have recently modified their holdings of DIS. Lourd Capital LLC raised its position in shares of The Walt Disney by 2.9% in the fourth quarter. Lourd Capital LLC now owns 10,205 shares of the entertainment giant’s stock valued at $1,072,000 after buying an additional 286 shares during the last quarter. Mandatum Life Insurance Co Ltd purchased a new position in shares of The Walt Disney during the fourth quarter valued at about $1,075,000. Roof Eidam & Maycock ADV raised its position in shares of The Walt Disney by 4.4% in the fourth quarter. Roof Eidam & Maycock ADV now owns 10,304 shares of the entertainment giant’s stock valued at $1,083,000 after buying an additional 430 shares during the last quarter. Main Street Research LLC raised its position in shares of The Walt Disney by 1.7% in the fourth quarter. Main Street Research LLC now owns 10,662 shares of the entertainment giant’s stock valued at $1,120,000 after buying an additional 180 shares during the last quarter. Finally, Tiedemann Wealth Management LLC raised its position in shares of The Walt Disney by 70.9% in the fourth quarter. Tiedemann Wealth Management LLC now owns 10,873 shares of the entertainment giant’s stock valued at $1,139,000 after buying an additional 4,511 shares during the last quarter.
The Walt Disney Company, incorporated on July 28, 1995, together with its subsidiaries and affiliates, is a diversified international family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media.
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