Investors sold shares of The Walt Disney Co. (NYSE:DIS) on strength during trading on Wednesday following insider selling activity. $137.00 million flowed into the stock on the tick-up and $202.55 million flowed out of the stock on the tick-down, for a money net flow of $65.55 million out of the stock. Of all stocks tracked, The Walt Disney had the 0th highest net out-flow for the day. The Walt Disney traded up $1.42 for the day and closed at $99.12Specifically, EVP Alan N. Braverman sold 19,871 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $99.00, for a total value of $1,967,229.00. Following the completion of the sale, the executive vice president now owns 135,614 shares of the company’s stock, valued at $13,425,786. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.00% of the stock is currently owned by company insiders.

Several brokerages have commented on DIS. Wood & Company reaffirmed a “sell” rating and issued a $120.65 target price on shares of The Walt Disney in a research note on Thursday. Vetr raised shares of The Walt Disney from a “hold” rating to a “buy” rating and set a $102.13 price objective for the company in a research report on Thursday, July 21st. Credit Agricole SA reissued an “outperform” rating and set a $115.00 price objective on shares of The Walt Disney in a research report on Thursday, August 11th. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $108.00 price objective (down previously from $109.00) on shares of The Walt Disney in a research report on Thursday, August 11th. Finally, Citigroup Inc. lowered their price objective on shares of The Walt Disney from $120.00 to $117.00 and set a “buy” rating for the company in a research report on Thursday, August 11th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $108.39.

The stock’s 50-day moving average price is $93.28 and its 200-day moving average price is $96.42. The company has a market cap of $158.99 billion, a P/E ratio of 17.34 and a beta of 1.21.

The Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 10th. The entertainment giant reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by $0.06. The company earned $13.14 billion during the quarter, compared to analysts’ expectations of $13.71 billion. The Walt Disney had a net margin of 16.88% and a return on equity of 19.81%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.20 earnings per share. Analysts expect that The Walt Disney Co. will post $5.96 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in DIS. Vanguard Group Inc. boosted its position in shares of The Walt Disney by 0.7% in the second quarter. Vanguard Group Inc. now owns 89,587,720 shares of the entertainment giant’s stock worth $8,763,471,000 after buying an additional 633,253 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of The Walt Disney by 0.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 39,868,002 shares of the entertainment giant’s stock worth $3,702,143,000 after buying an additional 362,293 shares during the last quarter. Morgan Stanley boosted its position in shares of The Walt Disney by 3.4% in the third quarter. Morgan Stanley now owns 18,670,615 shares of the entertainment giant’s stock worth $1,733,752,000 after buying an additional 608,198 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of The Walt Disney by 2.3% in the third quarter. BlackRock Fund Advisors now owns 18,485,186 shares of the entertainment giant’s stock worth $1,716,534,000 after buying an additional 422,011 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of The Walt Disney by 1.6% in the first quarter. Geode Capital Management LLC now owns 12,328,050 shares of the entertainment giant’s stock worth $1,221,823,000 after buying an additional 191,473 shares during the last quarter. 57.48% of the stock is currently owned by institutional investors and hedge funds.

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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