Carl E. Vogel Sells 30,000 Shares of Dish Network Corp. (DISH) Stock
Dish Network Corp. (NASDAQ:DISH) insider Carl E. Vogel sold 30,000 shares of the company’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $53.54, for a total transaction of $1,606,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Dish Network Corp. (NASDAQ:DISH) opened at 55.04 on Friday. The company’s 50 day moving average is $51.46 and its 200 day moving average is $50.09. Dish Network Corp. has a 52-week low of $38.85 and a 52-week high of $65.49. The firm has a market cap of $25.59 billion, a price-to-earnings ratio of 29.40 and a beta of 0.79.
Dish Network Corp. (NASDAQ:DISH) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.17. Dish Network Corp. had a net margin of 5.75% and a return on equity of 42.01%. The business had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same period in the previous year, the company earned $0.70 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. Analysts anticipate that Dish Network Corp. will post $3.08 earnings per share for the current year.
A number of brokerages have recently issued reports on DISH. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $56.00 target price (up from $50.00) on shares of Dish Network Corp. in a report on Sunday, July 24th. Zacks Investment Research cut shares of Dish Network Corp. from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Wells Fargo & Co. reaffirmed a “buy” rating and issued a $119.00 target price on shares of Dish Network Corp. in a report on Friday, June 3rd. Moffett Nathanson cut shares of Dish Network Corp. from a “neutral” rating to a “sell” rating and set a $40.00 price target on the stock. in a report on Tuesday, June 28th. They noted that the move was a valuation call. Finally, Jefferies Group reissued a “buy” rating and issued a $80.00 price target on shares of Dish Network Corp. in a report on Friday, August 26th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $66.24.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DISH. JPMorgan Chase & Co. boosted its position in Dish Network Corp. by 2.9% in the second quarter. JPMorgan Chase & Co. now owns 22,728,671 shares of the company’s stock worth $1,190,983,000 after buying an additional 636,960 shares during the last quarter. Dodge & Cox boosted its position in Dish Network Corp. by 23.7% in the first quarter. Dodge & Cox now owns 14,120,430 shares of the company’s stock worth $653,211,000 after buying an additional 2,707,650 shares during the last quarter. Vanguard Group Inc. boosted its position in Dish Network Corp. by 2.1% in the second quarter. Vanguard Group Inc. now owns 9,645,533 shares of the company’s stock worth $505,426,000 after buying an additional 195,689 shares during the last quarter. Franklin Resources Inc. boosted its position in Dish Network Corp. by 153,552.3% in the second quarter. Franklin Resources Inc. now owns 6,914,355 shares of the company’s stock worth $362,313,000 after buying an additional 6,909,855 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Dish Network Corp. by 1.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,429,903 shares of the company’s stock worth $284,527,000 after buying an additional 63,853 shares during the last quarter. Institutional investors and hedge funds own 45.34% of the company’s stock.
Dish Network Corp. Company Profile
DISH Network Corporation is a holding company. The Company operates through two segments: DISH and Wireless. It offers Pay-TV services under the DISH brand and the Sling brand (collectively Pay-TV services). The DISH branded Pay-TV service consists of Federal Communications Commission (FCC) licenses authorizing it to use direct broadcast satellite (DBS) and Fixed Satellite Service (FSS) spectrum, its owned and leased satellites, receiver systems, third-party broadcast operations, customer service facilities, a leased fiber optic network, in-home service and call center operations, and certain other assets utilized in its operations.
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