Investors Buy Shares of The Walt Disney Co. (DIS) on Weakness
Traders bought shares of The Walt Disney Co. (NYSE:DIS) on weakness during trading on Thursday. $104.35 million flowed into the stock on the tick-up and $66.94 million flowed out of the stock on the tick-down, for a money net flow of $37.41 million into the stock. Of all stocks tracked, The Walt Disney had the 10th highest net in-flow for the day. The Walt Disney traded down ($0.22) for the day and closed at $96.65
DIS has been the topic of a number of research reports. 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 dropped their price target on 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 restated 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 fifteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $109.84.
The company has a market capitalization of $155.33 billion and a P/E ratio of 17.37. The firm has a 50 day moving average of $97.59 and a 200 day moving average of $98.28.
The Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.01. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same period in the previous year, the company earned $1.45 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, analysts expect that The Walt Disney Co. will post $5.80 EPS for the current fiscal year.
The firm also recently announced a semiannual dividend, which was paid on Thursday, July 28th. Shareholders of record on Monday, July 11th were given a dividend of $0.71 per share. This represents a yield of 1.45%. The ex-dividend date of this dividend was Thursday, July 7th.
A number of institutional investors have bought and sold shares of the company. Roof Eidam & Maycock ADV increased its position 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 valued at $1,083,000 after buying an additional 430 shares during the last quarter. Mycio Wealth Partners LLC increased its position in The Walt Disney by 5.7% in the fourth quarter. Mycio Wealth Partners LLC now owns 11,993 shares of the entertainment giant’s stock valued at $1,260,000 after buying an additional 645 shares during the last quarter. Johnson Financial Group Inc. increased its position in The Walt Disney by 2.5% in the fourth quarter. Johnson Financial Group Inc. now owns 12,387 shares of the entertainment giant’s stock valued at $1,301,000 after buying an additional 298 shares during the last quarter. Brighton Jones LLC increased its position in The Walt Disney by 10.7% in the fourth quarter. Brighton Jones LLC now owns 12,547 shares of the entertainment giant’s stock valued at $1,318,000 after buying an additional 1,208 shares during the last quarter. Finally, Physicians Financial Services Inc. acquired a new position in The Walt Disney during the fourth quarter valued at approximately $1,338,000.
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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