Walt Disney Company (The) (NYSE:DIS) saw a significant increase in short interest in August. As of August 15th, there was short interest totalling 20,295,408 shares, an increase of 25.1% from the July 31st total of 16,221,535 shares. Based on an average daily volume of 10,563,954 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.4% of the shares of the stock are sold short.

Walt Disney Company (NYSE DIS) opened at 101.50 on Friday. Walt Disney Company has a 12 month low of $90.32 and a 12 month high of $116.10. The company has a 50 day moving average of $104.72 and a 200 day moving average of $108.42. The stock has a market capitalization of $156.66 billion, a price-to-earnings ratio of 18.00 and a beta of 1.40.

Walt Disney Company (The) (NYSE:DIS) last announced its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.05. The firm had revenue of $14.24 billion during the quarter, compared to the consensus estimate of $14.44 billion. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.62 earnings per share. On average, equities analysts predict that Walt Disney Company will post $5.88 EPS for the current year.

DIS has been the topic of a number of analyst reports. BidaskClub upgraded shares of Walt Disney Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Deutsche Bank AG reiterated a “buy” rating and set a $125.00 price objective (down previously from $130.00) on shares of Walt Disney Company (The) in a research report on Monday, May 15th. Credit Suisse Group reiterated an “outperform” rating and set a $120.00 price objective (down previously from $125.00) on shares of Walt Disney Company (The) in a research report on Wednesday, August 9th. Royal Bank Of Canada reiterated a “buy” rating and set a $130.00 price objective on shares of Walt Disney Company (The) in a research report on Friday, July 14th. Finally, Loop Capital reiterated a “hold” rating and set a $108.00 price objective on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating and sixteen have given a buy rating to the stock. Walt Disney Company (The) presently has a consensus rating of “Hold” and a consensus price target of $114.58.

In other Walt Disney Company (The) news, Chairman Robert A. Iger sold 797,578 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $105.09, for a total transaction of $83,817,472.02. Following the transaction, the chairman now owns 1,566,484 shares in the company, valued at $164,621,803.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maria Elena Lagomasino acquired 976 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were purchased at an average price of $102.34 per share, for a total transaction of $99,883.84. Following the transaction, the director now directly owns 7,513 shares of the company’s stock, valued at $768,880.42. The disclosure for this purchase can be found here. 0.38% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. HM Capital Management LLC boosted its stake in shares of Walt Disney Company (The) by 0.5% in the first quarter. HM Capital Management LLC now owns 2,690 shares of the entertainment giant’s stock worth $305,000 after buying an additional 14 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Walt Disney Company (The) during the first quarter worth $1,270,000. Triangle Securities Wealth Management boosted its stake in shares of Walt Disney Company (The) by 0.5% in the first quarter. Triangle Securities Wealth Management now owns 28,049 shares of the entertainment giant’s stock worth $3,180,000 after buying an additional 135 shares in the last quarter. State Treasurer State of Michigan boosted its stake in shares of Walt Disney Company (The) by 73.3% in the first quarter. State Treasurer State of Michigan now owns 1,355,053 shares of the entertainment giant’s stock worth $153,649,000 after buying an additional 573,000 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of Walt Disney Company (The) by 2.0% in the first quarter. Clearbridge Investments LLC now owns 7,623,125 shares of the entertainment giant’s stock worth $864,386,000 after buying an additional 150,316 shares in the last quarter. 61.46% of the stock is owned by hedge funds and other institutional investors.

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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.

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