Traders Buy Shares of The Walt Disney Co. (DIS) on Weakness
Traders bought shares of The Walt Disney Co. (NYSE:DIS) on weakness during trading hours on Thursday. $216.10 million flowed into the stock on the tick-up and $103.23 million flowed out of the stock on the tick-down, for a money net flow of $112.87 million into the stock. Of all companies tracked, The Walt Disney had the 8th highest net in-flow for the day. The Walt Disney traded down ($0.40) for the day and closed at $94.46
Several research analysts recently weighed in on DIS shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of The Walt Disney in a research note on Friday, May 13th. Jefferies Group reaffirmed a “hold” rating and set a $92.00 target price (down previously from $101.05) on shares of The Walt Disney in a research note on Wednesday, May 11th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $120.00 target price on shares of The Walt Disney in a research note on Tuesday, May 10th. Hilliard Lyons reaffirmed a “buy” rating on shares of The Walt Disney in a research note on Saturday, May 14th. Finally, Credit Suisse Group AG decreased 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. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $109.99.
The firm has a 50 day moving average of $96.48 and a 200 day moving average of $98.43. The stock has a market cap of $151.74 billion and a P/E ratio of 16.97.
The Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.01. During the same quarter in the previous year, the company posted $1.45 EPS. The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.16 billion. The business’s revenue was up 9.0% on a year-over-year basis. On average, equities research analysts expect that The Walt Disney Co. will post $5.79 earnings per share for the current fiscal year.
A number of hedge funds recently added to or reduced their stakes in the company. Physicians Financial Services Inc. bought a new stake in The Walt Disney during the fourth quarter valued at about $1,338,000. Usca Ria LLC raised its stake in The Walt Disney by 5.8% in the fourth quarter. Usca Ria LLC now owns 13,450 shares of the entertainment giant’s stock valued at $1,413,000 after buying an additional 737 shares during the last quarter. Zevin Asset Management LLC raised its stake in The Walt Disney by 1.4% in the fourth quarter. Zevin Asset Management LLC now owns 17,717 shares of the entertainment giant’s stock valued at $1,862,000 after buying an additional 240 shares during the last quarter. Fagan Associates Inc. raised its stake in The Walt Disney by 31.5% in the fourth quarter. Fagan Associates Inc. now owns 21,100 shares of the entertainment giant’s stock valued at $2,217,000 after buying an additional 5,060 shares during the last quarter. Finally, Investors Capital Advisory Services raised its stake in The Walt Disney by 15.3% in the fourth quarter. Investors Capital Advisory Services now owns 30,630 shares of the entertainment giant’s stock valued at $3,217,000 after buying an additional 4,061 shares during the last quarter.
The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.
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