Investors Sell Walt Disney (DIS) on Strength (DIS)

Traders sold shares of Walt Disney Co (NYSE:DIS) on strength during trading on Wednesday. $217.27 million flowed into the stock on the tick-up and $407.29 million flowed out of the stock on the tick-down, for a money net flow of $190.02 million out of the stock. Of all equities tracked, Walt Disney had the 3rd highest net out-flow for the day. Walt Disney traded up $1.58 for the day and closed at $115.21

DIS has been the subject of several analyst reports. Bank of America initiated coverage on Walt Disney in a report on Friday, July 20th. They issued a “buy” rating and a $144.00 price objective for the company. Royal Bank of Canada restated a “buy” rating and issued a $140.00 price objective on shares of Walt Disney in a report on Wednesday, August 8th. B. Riley decreased their price objective on Walt Disney from $123.00 to $121.00 and set a “buy” rating for the company in a report on Wednesday, August 8th. Zacks Investment Research upgraded shares of Walt Disney from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research note on Monday, June 18th. Finally, ValuEngine upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a research note on Friday, June 15th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $119.54.

The company has a market cap of $167.72 billion, a PE ratio of 20.08, a PEG ratio of 1.49 and a beta of 1.31. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.97 by ($0.10). The company had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.49 billion. Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. During the same quarter last year, the business earned $1.58 earnings per share. equities research analysts expect that Walt Disney Co will post 6.92 EPS for the current year.

In other Walt Disney news, EVP Brent Woodford sold 768 shares of the firm’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $104.35, for a total transaction of $80,140.80. Following the completion of the sale, the executive vice president now directly owns 28,493 shares in the company, valued at $2,973,244.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alan N. Braverman sold 140,638 shares of the firm’s stock in a transaction that occurred on Wednesday, July 11th. The stock was sold at an average price of $107.00, for a total transaction of $15,048,266.00. Following the sale, the executive vice president now owns 160,316 shares of the company’s stock, valued at $17,153,812. The disclosure for this sale can be found here. Insiders have sold 710,954 shares of company stock valued at $80,620,932 over the last 90 days. Company insiders own 0.38% of the company’s stock.

Hedge funds have recently modified their holdings of the business. HC Financial Advisors Inc. acquired a new stake in shares of Walt Disney in the fourth quarter valued at approximately $2,797,000. HL Financial Services LLC raised its position in shares of Walt Disney by 1.6% in the first quarter. HL Financial Services LLC now owns 1,695,283 shares of the entertainment giant’s stock valued at $170,274,000 after buying an additional 25,881 shares in the last quarter. OLD Dominion Capital Management Inc. raised its position in shares of Walt Disney by 101.2% in the first quarter. OLD Dominion Capital Management Inc. now owns 6,777 shares of the entertainment giant’s stock valued at $681,000 after buying an additional 3,409 shares in the last quarter. FDx Advisors Inc. raised its position in shares of Walt Disney by 52.2% in the first quarter. FDx Advisors Inc. now owns 27,049 shares of the entertainment giant’s stock valued at $2,717,000 after buying an additional 9,275 shares in the last quarter. Finally, Albert D Mason Inc. acquired a new stake in shares of Walt Disney in the first quarter valued at approximately $416,000. Hedge funds and other institutional investors own 63.00% of the company’s stock.

Walt Disney Company Profile (NYSE:DIS)

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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