Investors Buy Shares of The Walt Disney Co. (DIS) on Weakness
Traders purchased shares of The Walt Disney Co. (NYSE:DIS) on weakness during trading on Monday. $140.57 million flowed into the stock on the tick-up and $111.93 million flowed out of the stock on the tick-down, for a money net flow of $28.64 million into the stock. Of all companies tracked, The Walt Disney had the 11th highest net in-flow for the day. The Walt Disney traded down ($0.41) for the day and closed at $95.54
Several equities analysts have recently issued reports on the stock. Topeka Capital Markets lowered their target price on shares of The Walt Disney from $130.00 to $129.00 and set a “buy” rating for the company in a report on Wednesday, May 11th. Jefferies Group restated a “hold” rating and issued a $92.00 price objective (down from $101.05) on shares of The Walt Disney in a report on Wednesday, May 11th. Piper Jaffray Cos. restated an “overweight” rating and issued a $120.00 price objective on shares of The Walt Disney in a report on Tuesday, May 10th. Nomura boosted their price objective on shares of The Walt Disney from $110.00 to $115.00 and gave the stock 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. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $109.46.
The company has a 50-day moving average price of $98.06 and a 200 day moving average price of $98.18. The company has a market cap of $155.01 billion and a price-to-earnings ratio of 17.59.
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 analysts’ consensus estimates of $1.40 by $0.04. The company had revenue of $12.97 billion for the quarter, compared to analysts’ expectations of $13.22 billion. The company’s revenue 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. Analysts anticipate 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 was paid on Thursday, July 28th. Investors of record on Monday, July 11th were given a dividend of $0.71 per share. The ex-dividend date was 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 stock in a transaction that occurred on Thursday, May 12th. The shares were purchased at an average cost of $101.98 per share, for a total transaction of $99,940.40. Following the completion of the transaction, the director now owns 2,820 shares of the company’s stock, valued at approximately $287,583.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brent Woodford sold 2,500 shares of the business’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $106.50, for a total transaction of $266,250.00. Following the transaction, the executive vice president now owns 27,975 shares in the company, valued at $2,979,337.50. The disclosure for this sale can be found here.
Other institutional investors have bought and sold shares of the company. Vanguard Group Inc. raised its position in The Walt Disney by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 87,774,484 shares of the entertainment giant’s stock worth $9,223,343,000 after buying an additional 425,678 shares during the last quarter. Morgan Stanley raised its position in The Walt Disney by 14.8% in the fourth quarter. Morgan Stanley now owns 17,484,772 shares of the entertainment giant’s stock worth $1,837,300,000 after buying an additional 2,259,996 shares during the last quarter. Dimensional Fund Advisors LP raised its position in The Walt Disney by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,690,320 shares of the entertainment giant’s stock worth $387,810,000 after buying an additional 172,233 shares during the last quarter. Swiss National Bank raised its position in The Walt Disney by 0.8% in the fourth quarter. Swiss National Bank now owns 2,914,328 shares of the entertainment giant’s stock worth $306,238,000 after buying an additional 21,900 shares during the last quarter. Finally, Calamos Advisors LLC raised its position in The Walt Disney by 15.0% in the fourth quarter. Calamos Advisors LLC now owns 1,921,844 shares of the entertainment giant’s stock worth $201,947,000 after buying an additional 251,296 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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