Traders Buy Walt Disney Company (The) (DIS) on Weakness
Investors purchased shares of Walt Disney Company (The) (NYSE:DIS) on weakness during trading on Thursday. $161.26 million flowed into the stock on the tick-up and $94.82 million flowed out of the stock on the tick-down, for a money net flow of $66.44 million into the stock. Of all stocks tracked, Walt Disney Company (The) had the 5th highest net in-flow for the day. Walt Disney Company (The) traded down ($0.09) for the day and closed at $103.60
A number of research analysts have issued reports on the company. BMO Capital Markets restated an “underperform” rating and issued a $90.00 price objective (down previously from $95.00) on shares of Walt Disney Company (The) in a research note on Thursday, August 10th. FBR & Co reaffirmed a “hold” rating and issued a $97.00 price target on shares of Walt Disney Company (The) in a report on Friday, September 8th. B. Riley reaffirmed a “neutral” rating on shares of Walt Disney Company (The) in a report on Wednesday, November 1st. Jefferies Group LLC reissued a “hold” rating and set a $103.77 price objective (up from $102.68) on shares of Walt Disney Company (The) in a report on Friday, November 10th. Finally, Zacks Investment Research raised Walt Disney Company (The) from a “sell” rating to a “hold” rating in a report on Wednesday. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seventeen have assigned a buy rating to the stock. Walt Disney Company (The) has an average rating of “Hold” and an average price target of $112.79.
The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 0.42. The company has a market cap of $159,900.00, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 2.19 and a beta of 1.37.
Walt Disney Company (The) (NYSE:DIS) last announced its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.05). Walt Disney Company (The) had a return on equity of 19.66% and a net margin of 16.29%. The company had revenue of $12.78 billion for the quarter, compared to analyst estimates of $13.30 billion. During the same quarter last year, the business posted $1.10 earnings per share. The business’s quarterly revenue was down 2.8% on a year-over-year basis. equities research analysts forecast that Walt Disney Company will post 6.24 EPS for the current year.
Hedge funds have recently made changes to their positions in the stock. Shine Investment Advisory Services Inc. purchased a new stake in Walt Disney Company (The) in the 1st quarter valued at $343,000. Lourd Capital LLC increased its stake in Walt Disney Company (The) by 1.5% in the 1st quarter. Lourd Capital LLC now owns 4,176 shares of the entertainment giant’s stock worth $474,000 after purchasing an additional 60 shares during the period. DUPONT CAPITAL MANAGEMENT Corp grew its position in shares of Walt Disney Company (The) by 44.4% in the 1st quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 126,745 shares of the entertainment giant’s stock worth $14,372,000 after buying an additional 38,965 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Walt Disney Company (The) during the first quarter valued at approximately $450,000. Finally, Alerus Financial NA boosted its position in shares of Walt Disney Company (The) by 1.7% during the first quarter. Alerus Financial NA now owns 51,371 shares of the entertainment giant’s stock valued at $5,825,000 after purchasing an additional 856 shares in the last quarter. Institutional investors and hedge funds own 61.06% of the company’s stock.
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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