Investors Buy The Walt Disney Co. (DIS) on Weakness
Traders purchased shares of The Walt Disney Co. (NYSE:DIS) on weakness during trading on Monday. $114.56 million flowed into the stock on the tick-up and $83.15 million flowed out of the stock on the tick-down, for a money net flow of $31.41 million into the stock. Of all stocks tracked, The Walt Disney had the 16th highest net in-flow for the day. The Walt Disney traded down ($0.32) for the day and closed at $97.39
Several brokerages have recently weighed in on DIS. Royal Bank Of Canada restated a “sector perform” rating on shares of The Walt Disney in a research note on Friday, May 13th. Piper Jaffray Cos. restated an “overweight” rating and set a $120.00 target price on shares of The Walt Disney in a research note on Tuesday, May 10th. Jefferies Group restated a “hold” rating and set a $92.00 target price (down from $101.05) on shares of The Walt Disney in a research note on Wednesday, May 11th. Credit Suisse Group AG lowered their target price on The Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, May 12th. Finally, Hilliard Lyons restated a “buy” rating on shares of The Walt Disney in a research note on Saturday, May 14th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and sixteen have given a buy rating to the company. The Walt Disney currently has a consensus rating of “Hold” and a consensus price target of $109.55.
The firm has a market capitalization of $158.01 billion and a price-to-earnings ratio of 17.93. The stock’s 50 day moving average is $98.34 and its 200-day moving average is $98.31.
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 Zacks’ consensus estimate of $1.40 by $0.04. The company had revenue of $12.97 billion for the quarter, compared to the consensus estimate of $13.22 billion. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 EPS. On average, equities research analysts forecast that The Walt Disney Co. will post $5.81 earnings per share for the current 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 dividend of $0.71 per share. The ex-dividend date of this dividend is Thursday, July 7th. This represents a yield of 1.45%.
In other The Walt Disney news, Director Maria Elena Lagomasino purchased 980 shares of the firm’s stock in a transaction on Thursday, May 12th. The stock was acquired at an average price of $101.98 per share, for a total transaction of $99,940.40. Following the purchase, the director now owns 2,820 shares of the company’s stock, valued at approximately $287,583.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brent Woodford sold 2,500 shares of the business’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $106.50, for a total transaction of $266,250.00. Following the sale, the executive vice president now owns 27,975 shares of the company’s stock, valued at approximately $2,979,337.50. The disclosure for this sale can be found here.
A number of hedge funds have made changes to their positions in the stock. 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 worth $1,072,000 after buying an additional 286 shares during the period. Mandatum Life Insurance Co Ltd acquired a new stake in shares of The Walt Disney during the fourth quarter worth 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 worth $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 worth $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 worth $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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