Traders Sell Shares of The Walt Disney Co. (DIS) on Strength (DIS)
Investors sold shares of The Walt Disney Co. (NYSE:DIS) on strength during trading on Thursday. $128.26 million flowed into the stock on the tick-up and $165.99 million flowed out of the stock on the tick-down, for a money net flow of $37.73 million out of the stock. Of all stocks tracked, The Walt Disney had the 0th highest net out-flow for the day. The Walt Disney traded up $0.09 for the day and closed at $99.97
Several research analysts have recently commented on the stock. 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 price target 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 price target (down previously 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 shares of The Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday, May 12th. Finally, Hilliard Lyons reiterated a “buy” rating on shares of The Walt Disney in a research note on Saturday, May 14th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and sixteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $109.49.
The company has a market cap of $161.92 billion and a PE ratio of 18.38. The firm’s 50-day moving average price is $98.43 and its 200 day moving average price is $98.55.
The Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 10th. The entertainment giant reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by $0.04. The firm had revenue of $12.97 billion for the quarter, compared to analysts’ expectations of $13.22 billion. During the same period in the prior year, the business earned $1.23 earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. On average, equities research analysts expect that The Walt Disney Co. will post $5.81 EPS for the current year.
The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, July 28th. Investors of record on Monday, July 11th will be issued a $0.71 dividend. The ex-dividend date is Thursday, July 7th. This represents a yield of 1.45%.
In other The Walt Disney news, Director Maria Elena Lagomasino acquired 980 shares of the company’s stock in a transaction that occurred 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 acquisition, the director now directly owns 2,820 shares in the company, valued at $287,583.60. The transaction 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 firm’s stock in a transaction that occurred 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 completion of the transaction, 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.
Other hedge funds have recently added to or reduced their stakes in the company. Lourd Capital LLC increased its stake in 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 in the last quarter. Mandatum Life Insurance Co Ltd purchased a new stake in The Walt Disney during the fourth quarter worth $1,075,000. Roof Eidam & Maycock ADV increased its stake in 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 in the last quarter. Main Street Research LLC increased its stake in 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 in the last quarter. Finally, Tiedemann Wealth Management LLC increased its stake in 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 worth $1,139,000 after buying an additional 4,511 shares in 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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