Investors Sell Walt Disney Company (The) (DIS) on Strength (DIS)
Traders sold shares of Walt Disney Company (The) (NYSE:DIS) on strength during trading hours on Monday. $85.01 million flowed into the stock on the tick-up and $173.39 million flowed out of the stock on the tick-down, for a money net flow of $88.38 million out of the stock. Of all companies tracked, Walt Disney Company (The) had the 5th highest net out-flow for the day. Walt Disney Company (The) traded up $0.47 for the day and closed at $101.17
DIS has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Walt Disney Company (The) in a research note on Tuesday, April 25th. BidaskClub raised Walt Disney Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $125.00 price target (down from $130.00) on shares of Walt Disney Company (The) in a research note on Monday, May 15th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $120.00 price target (down from $125.00) on shares of Walt Disney Company (The) in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $130.00 price target on shares of Walt Disney Company (The) in a research note on Friday, July 14th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and seventeen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $114.74.
The stock has a market capitalization of $156.15 billion, a P/E ratio of 17.94 and a beta of 1.40. The company’s 50-day moving average price is $105.49 and its 200 day moving average price is $108.98.
Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. The business had revenue of $14.24 billion during the quarter, compared to analyst estimates of $14.44 billion. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. The business’s revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.62 earnings per share. On average, equities research analysts anticipate that Walt Disney Company will post $5.88 EPS for the current year.
The business also recently declared a Semi-Annual dividend, which was paid on Thursday, July 27th. Stockholders of record on Monday, July 10th were given a $0.78 dividend. The ex-dividend date of this dividend was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio (DPR) is presently 27.56%.
In other Walt Disney Company (The) news, Director Maria Elena Lagomasino acquired 976 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average cost of $102.34 per share, for a total transaction of $99,883.84. Following the completion of the acquisition, the director now owns 7,513 shares of the company’s stock, valued at approximately $768,880.42. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the transaction, the chairman now owns 1,566,484 shares in the company, valued at $164,621,803.56. The disclosure for this sale can be found here. 13.00% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIS. Vantage Financial Partners Ltd. Inc. acquired a new position in Walt Disney Company (The) during the second quarter worth approximately $925,000. Lee Financial Co boosted its position in Walt Disney Company (The) by 7.6% in the second quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock worth $112,000 after buying an additional 74 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new position in Walt Disney Company (The) during the fourth quarter worth approximately $110,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in Walt Disney Company (The) during the first quarter worth approximately $144,000. Finally, Krilogy Financial LLC boosted its position in Walt Disney Company (The) by 13.2% in the second quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock worth $151,000 after buying an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 62.34% of the company’s stock.
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Walt Disney Company (The) Company Profile
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.