Investors Buy Shares of The Walt Disney Co. (DIS) on Weakness
Investors bought shares of The Walt Disney Co. (NYSE:DIS) on weakness during trading hours 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 companies 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 analysts have weighed in on DIS shares. Moffett Nathanson increased their target price on shares of The Walt Disney to $105.00 in a research report on Tuesday, April 12th. Pivotal Research raised shares of The Walt Disney from a “hold” rating to a “buy” rating and increased their target price for the company from $104.00 to $121.00 in a research report on Monday, April 18th. JPMorgan Chase & Co. reissued a “buy” rating and set a $118.00 target price on shares of The Walt Disney in a research report on Wednesday, April 13th. Bank of America Corp. reissued a “buy” rating and set a $130.00 target price on shares of The Walt Disney in a research report on Friday, April 1st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $110.00 target price on shares of The Walt Disney in a research report on Wednesday, April 6th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $109.55.
The firm’s 50-day moving average price is $98.38 and its 200-day moving average price is $98.36. The company has a market capitalization of $158.53 billion and a price-to-earnings ratio of 17.99.
The Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, May 10th. The entertainment giant reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by $0.04. The firm earned $12.97 billion during the quarter, compared to analysts’ expectations of $13.22 billion. The Walt Disney’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.23 earnings per share. On average, equities research analysts expect 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 will be paid on Thursday, July 28th. Stockholders of record on Monday, July 11th will be issued a dividend of $0.71 per share. This represents a dividend 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 purchased 980 shares of the stock in a transaction dated Thursday, May 12th. The shares were purchased at an average cost of $101.98 per share, with a total value of $99,940.40. Following the completion of the acquisition, the director now directly owns 2,820 shares in the company, valued at approximately $287,583.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Brent Woodford sold 2,500 shares of the company’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $106.50, for a total value of $266,250.00. Following the transaction, the executive vice president now directly owns 27,975 shares in the company, valued at $2,979,337.50. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have made changes to their positions in the stock. Lourd Capital LLC increased its position 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 last quarter. Mandatum Life Insurance Co Ltd acquired a new position in shares of The Walt Disney during the fourth quarter worth about $1,075,000. Roof Eidam & Maycock ADV increased its position 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 last quarter. Main Street Research LLC increased its position 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 last quarter. Finally, Bragg Financial Advisors Inc increased its position 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 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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