Investors sold shares of Walt Disney Company (The) (NYSE:DIS) on strength during trading on Friday after Barclays PLC lowered their price target on the stock from $102.00 to $98.00. $147.26 million flowed into the stock on the tick-up and $185.44 million flowed out of the stock on the tick-down, for a money net flow of $38.18 million out of the stock. Of all companies tracked, Walt Disney Company (The) had the 14th highest net out-flow for the day. Walt Disney Company (The) traded up $0.64 for the day and closed at $101.99

A number of other research firms also recently issued reports on DIS. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating and set a $138.00 target price on shares of Walt Disney Company (The) in a research report on Wednesday, April 26th. Loop Capital downgraded shares of Walt Disney Company (The) from a “buy” rating to a “hold” rating and decreased their target price for the company from $115.00 to $114.44 in a research report on Monday, April 24th. Pivotal Research restated a “sell” rating and set a $85.00 target price on shares of Walt Disney Company (The) in a research report on Sunday, April 23rd. Morgan Stanley boosted their target price on shares of Walt Disney Company (The) from $124.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, April 20th. Finally, Needham & Company LLC restated a “hold” rating on shares of Walt Disney Company (The) in a research report on Tuesday, April 25th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seventeen have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $115.19.

In other news, Chairman Robert A. Iger sold 797,578 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $105.09, for a total value of $83,817,472.02. Following the transaction, the chairman now directly owns 1,566,484 shares in the company, valued at approximately $164,621,803.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.38% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC raised its position in shares of Walt Disney Company (The) by 24.3% in the second quarter. Renaissance Technologies LLC now owns 1,712,807 shares of the entertainment giant’s stock valued at $181,986,000 after buying an additional 335,207 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Walt Disney Company (The) by 23.1% in the second quarter. Parametric Portfolio Associates LLC now owns 3,419,635 shares of the entertainment giant’s stock valued at $363,335,000 after buying an additional 642,268 shares in the last quarter. Roundview Capital LLC raised its position in shares of Walt Disney Company (The) by 0.6% in the second quarter. Roundview Capital LLC now owns 64,413 shares of the entertainment giant’s stock valued at $6,844,000 after buying an additional 383 shares in the last quarter. Mar Vista Investment Partners LLC bought a new position in shares of Walt Disney Company (The) during the second quarter valued at approximately $36,038,000. Finally, WealthPLAN Partners LLC raised its position in shares of Walt Disney Company (The) by 193.0% in the second quarter. WealthPLAN Partners LLC now owns 4,489 shares of the entertainment giant’s stock valued at $477,000 after buying an additional 2,957 shares in the last quarter. Hedge funds and other institutional investors own 62.42% of the company’s stock.

The company has a 50-day moving average of $106.14 and a 200 day moving average of $109.28. The company has a market cap of $157.42 billion, a PE ratio of 18.09 and a beta of 1.40.

Walt Disney Company (The) (NYSE:DIS) last released its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The company had revenue of $14.24 billion during the quarter, compared to the consensus estimate of $14.44 billion. During the same period in the previous year, the firm earned $1.62 earnings per share. Walt Disney Company (The)’s revenue for the quarter was down .3% on a year-over-year basis. Equities research analysts anticipate that Walt Disney Company will post $5.90 earnings per share for the current year.

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, July 27th. Stockholders of record on Monday, July 10th were given a dividend of $0.78 per share. The ex-dividend date was Thursday, July 6th. Walt Disney Company (The)’s payout ratio is currently 27.56%.

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About Walt Disney Company (The)

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

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