Traders sold shares of The Walt Disney Co. (NYSE:DIS) on strength during trading on Thursday after the company announced weaker than expected quarterly earnings. $196.31 million flowed into the stock on the tick-up and $251.82 million flowed out of the stock on the tick-down, for a money net flow of $55.51 million out of the stock. Of all equities tracked, The Walt Disney had the 0th highest net out-flow for the day. The Walt Disney traded up $0.32 for the day and closed at $94.96The entertainment giant reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.16 by $0.06. The business had revenue of $13.14 billion for the quarter, compared to the consensus estimate of $13.71 billion. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. During the same quarter last year, the firm posted $1.20 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year.

Several analysts have recently issued reports on DIS shares. Citigroup Inc. reduced their target price on shares of The Walt Disney from $120.00 to $117.00 and set a “buy” rating for the company in a research note on Thursday, August 11th. Morgan Stanley reiterated a “hold” rating on shares of The Walt Disney in a research note on Sunday, July 17th. Hilliard Lyons upgraded shares of The Walt Disney to a “buy” rating in a research note on Thursday, August 25th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $118.00 target price on shares of The Walt Disney in a research note on Saturday, August 13th. Finally, Vetr upgraded shares of The Walt Disney from a “buy” rating to a “strong-buy” rating and set a $106.81 target price for the company in a research note on Monday, August 29th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $109.21.

Institutional investors have recently modified their holdings of the stock. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of The Walt Disney during the second quarter valued at $103,000. Balentine LLC increased its position in shares of The Walt Disney by 365.8% in the second quarter. Balentine LLC now owns 1,076 shares of the entertainment giant’s stock valued at $105,000 after buying an additional 845 shares during the last quarter. Krilogy Financial LLC increased its position in shares of The Walt Disney by 5.0% in the second quarter. Krilogy Financial LLC now owns 1,292 shares of the entertainment giant’s stock valued at $126,000 after buying an additional 61 shares during the last quarter. Cordasco Financial Network increased its position in shares of The Walt Disney by 149.8% in the second quarter. Cordasco Financial Network now owns 1,501 shares of the entertainment giant’s stock valued at $147,000 after buying an additional 900 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC increased its position in shares of The Walt Disney by 2.2% in the third quarter. Signature Estate & Investment Advisors LLC now owns 1,649 shares of the entertainment giant’s stock valued at $153,000 after buying an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 57.98% of the company’s stock.

The company has a market capitalization of $152.61 billion, a PE ratio of 17.07 and a beta of 1.21. The firm’s 50-day moving average is $92.67 and its 200 day moving average is $96.65.

The Walt Disney Company Profile

The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.

5 Day Chart for NYSE:DIS

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