Investors Buy The Walt Disney Co. (DIS) on Weakness
Traders purchased shares of The Walt Disney Co. (NYSE:DIS) on weakness during trading on Friday. $131.21 million flowed into the stock on the tick-up and $94.51 million flowed out of the stock on the tick-down, for a money net flow of $36.70 million into the stock. Of all equities tracked, The Walt Disney had the 6th highest net in-flow for the day. The Walt Disney traded down ($0.30) for the day and closed at $97.71
A number of research firms recently issued reports on DIS. Hilliard Lyons restated a “buy” rating on shares of The Walt Disney in a report on Saturday, May 14th. Morgan Stanley restated a “hold” rating on shares of The Walt Disney in a report on Sunday, July 17th. Topeka Capital Markets dropped their price objective 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. Royal Bank Of Canada reiterated a “hold” rating on shares of The Walt Disney in a report on Monday, June 27th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of The Walt Disney in a report on Monday, May 2nd. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have given a buy rating to the company’s stock. The Walt Disney presently has a consensus rating of “Hold” and a consensus price target of $109.52.
The company’s 50 day moving average is $98.38 and its 200-day moving average is $98.36. The company has a market capitalization of $158.53 billion and a PE ratio of 17.99.
The Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 10th. The entertainment giant reported $1.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.23 EPS. Equities analysts forecast that The Walt Disney Co. will post $5.81 EPS for the current year.
The firm also recently announced a semiannual dividend, which will be paid on Thursday, July 28th. Shareholders of record on Monday, July 11th will be given a dividend of $0.71 per share. This represents a yield of 1.45%. The ex-dividend date of this dividend is Thursday, July 7th.
In other The Walt Disney news, Director Maria Elena Lagomasino bought 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, for a total transaction of $99,940.40. Following the transaction, the director now owns 2,820 shares of the company’s stock, valued at approximately $287,583.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brent Woodford sold 2,500 shares of the business’s stock in a transaction that occurred on 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 owns 27,975 shares in the company, valued at approximately $2,979,337.50. The disclosure for this sale can be found here.
Several large investors have recently made changes to their positions in DIS. Lourd Capital LLC raised its stake 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 period. Mandatum Life Insurance Co Ltd purchased a new stake in shares of The Walt Disney during the fourth quarter valued at approximately $1,075,000. Roof Eidam & Maycock ADV raised its stake 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 period. Main Street Research LLC raised its stake 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 period. Finally, Bragg Financial Advisors Inc raised its stake in shares of The Walt Disney by 2.9% in the fourth quarter. Bragg Financial Advisors Inc now owns 11,122 shares of the entertainment giant’s stock valued at $1,169,000 after buying an additional 310 shares during the period.
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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