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.
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.
Read More: Investing in Dividend Stocks
Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.