Brent Woodford Sells 230 Shares of The Walt Disney Co. (DIS) Stock
The Walt Disney Co. (NYSE:DIS) EVP Brent Woodford sold 230 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $98.06, for a total value of $22,553.80. Following the sale, the executive vice president now owns 27,745 shares in the company, valued at approximately $2,720,674.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
The Walt Disney Co. (NYSE:DIS) traded down 0.22% on Friday, reaching $99.15. 1,452,873 shares of the company traded hands. The company has a market capitalization of $158.64 billion, a PE ratio of 17.30 and a beta of 1.21. The stock has a 50-day moving average of $93.48 and a 200 day moving average of $96.44. The Walt Disney Co. has a 52-week low of $86.25 and a 52-week high of $120.65.
The Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 10th. The entertainment giant reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.16 by $0.06. The Walt Disney had a return on equity of 19.81% and a net margin of 16.88%. The business had revenue of $13.14 billion for the quarter, compared to analyst estimates of $13.71 billion. During the same quarter in the previous year, the company earned $1.20 EPS. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities analysts forecast that The Walt Disney Co. will post $5.96 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of The Walt Disney during the second quarter worth about $103,000. Balentine LLC raised 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 worth $105,000 after buying an additional 845 shares during the last quarter. Lombard Odier Transatlantic Limited Partnership raised its position in shares of The Walt Disney by 71.4% in the third quarter. Lombard Odier Transatlantic Limited Partnership now owns 1,200 shares of the entertainment giant’s stock worth $111,000 after buying an additional 500 shares during the last quarter. Krilogy Financial LLC raised 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 worth $126,000 after buying an additional 61 shares during the last quarter. Finally, TLP Group LLC acquired a new position in shares of The Walt Disney during the third quarter worth about $129,000. Hedge funds and other institutional investors own 57.48% of the company’s stock.
Several analysts have issued reports on DIS shares. Citigroup Inc. cut their price objective on The Walt Disney from $120.00 to $117.00 and set a “buy” rating on the stock in a research note on Thursday, August 11th. Credit Suisse Group AG reiterated an “outperform” rating and set a $125.00 price target (down from $128.00) on shares of The Walt Disney in a research report on Thursday, October 27th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $118.00 price target on shares of The Walt Disney in a research report on Saturday, August 13th. Barclays PLC reiterated an “underweight” rating on shares of The Walt Disney in a research report on Friday, September 30th. Finally, Pivotal Research reiterated a “buy” rating and set a $122.00 price target on shares of The Walt Disney in a research report on Sunday, July 24th. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The Walt Disney currently has a consensus rating of “Hold” and an average target price of $108.39.
About The Walt Disney
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.
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