Traders Sell Shares of Walt Disney Company (The) (DIS) on Strength on Analyst Downgrade
Investors sold shares of Walt Disney Company (The) (NYSE:DIS) on strength during trading hours on Friday after Bank of America Corporation lowered their price target on the stock from $125.00 to $120.00. $211.63 million flowed into the stock on the tick-up and $265.46 million flowed out of the stock on the tick-down, for a money net flow of $53.83 million out of the stock. Of all equities tracked, Walt Disney Company (The) had the 9th highest net out-flow for the day. Walt Disney Company (The) traded up $0.01 for the day and closed at $97.07
A number of other research firms also recently weighed in on DIS. Guggenheim restated a “buy” rating and issued a $122.00 price target on shares of Walt Disney Company (The) in a research note on Tuesday. 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 target price (down 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 target price (down from $125.00) on shares of Walt Disney Company (The) in a research report on Wednesday, August 9th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $130.00 target price on shares of Walt Disney Company (The) in a research report on Friday, July 14th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $114.01.
In other news, 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 cost of $102.34 per share, with a total value of $99,883.84. Following the acquisition, the director now directly owns 7,513 shares of the company’s stock, valued at $768,880.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.38% of the stock is owned by insiders.
Large investors have recently modified their holdings of the stock. Vantage Financial Partners Ltd. Inc. bought a new stake in Walt Disney Company (The) in the 2nd quarter valued at about $925,000. Lee Financial Co raised its stake in Walt Disney Company (The) by 7.6% in the 2nd quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock valued at $112,000 after acquiring an additional 74 shares during the period. Sumitomo Mitsui Financial Group Inc. bought a new stake in Walt Disney Company (The) in the 1st quarter valued at about $144,000. Krilogy Financial LLC raised its stake in Walt Disney Company (The) by 13.2% in the 2nd quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock valued at $151,000 after acquiring an additional 166 shares during the period. Finally, BDO Wealth Advisors LLC bought a new stake in Walt Disney Company (The) in the 2nd quarter valued at about $153,000. 61.47% of the stock is currently owned by institutional investors.
The stock has a market cap of $149.83 billion, a price-to-earnings ratio of 17.22 and a beta of 1.42. The stock’s 50 day moving average price is $104.22 and its 200 day moving average price is $108.18. Walt Disney Company (The) also was the target of some unusual options trading on Thursday. Stock traders acquired 43,955 put options on the stock. This represents an increase of approximately 179% compared to the average volume of 15,745 put options.
Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, beating the consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. The firm had revenue of $14.24 billion during the quarter, compared to analysts’ expectations of $14.44 billion. During the same quarter last year, the firm earned $1.62 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis. On average, equities analysts anticipate that Walt Disney Company will post $5.87 earnings per share for the current fiscal year.
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About Walt Disney Company (The)
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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