Investors Sell Shares of Walt Disney Company (The) (DIS) on Strength (DIS)

Investors sold shares of Walt Disney Company (The) (NYSE:DIS) on strength during trading on Tuesday. $101.55 million flowed into the stock on the tick-up and $157.45 million flowed out of the stock on the tick-down, for a money net flow of $55.90 million out of the stock. Of all stocks tracked, Walt Disney Company (The) had the 0th highest net out-flow for the day. Walt Disney Company (The) traded up $0.01 for the day and closed at $99.58

A number of research firms recently weighed in on DIS. Bank of America Corporation set a $125.00 price objective on shares of Walt Disney Company (The) and gave the stock a “hold” rating in a research report on Saturday, June 24th. BMO Capital Markets reaffirmed an “underperform” rating and set a $90.00 price objective (down previously from $95.00) on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. FBR & Co reaffirmed a “hold” rating and set a $97.00 price objective on shares of Walt Disney Company (The) in a research report on Friday, September 8th. Vetr raised shares of Walt Disney Company (The) from a “buy” rating to a “strong-buy” rating and set a $110.51 price objective for the company in a research report on Wednesday. Finally, Guggenheim cut shares of Walt Disney Company (The) from a “buy” rating to a “neutral” rating in a research report on Thursday. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. Walt Disney Company (The) presently has an average rating of “Hold” and a consensus target price of $113.97.

The company’s 50 day moving average is $99.71 and its 200 day moving average is $106.06. The company has a market capitalization of $152.11 billion, a PE ratio of 17.48 and a beta of 1.40.

Walt Disney Company (The) (NYSE:DIS) last announced its 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 analyst estimates of $14.44 billion. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. Walt Disney Company (The)’s revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.62 EPS. On average, equities analysts forecast that Walt Disney Company will post $5.79 EPS for the current fiscal year.

In related news, Director Maria Elena Lagomasino bought 976 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was 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 approximately $768,880.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.38% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in DIS. Vanguard Group Inc. boosted its position in shares of Walt Disney Company (The) by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after purchasing an additional 2,131,932 shares in the last quarter. State Street Corp boosted its position in shares of Walt Disney Company (The) by 0.7% during the 1st quarter. State Street Corp now owns 67,739,871 shares of the entertainment giant’s stock valued at $7,681,023,000 after purchasing an additional 456,053 shares in the last quarter. Northern Trust Corp boosted its position in shares of Walt Disney Company (The) by 2.5% during the 2nd quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock valued at $2,174,118,000 after purchasing an additional 500,349 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Walt Disney Company (The) by 1.2% during the 1st quarter. Fisher Asset Management LLC now owns 8,846,672 shares of the entertainment giant’s stock valued at $1,003,124,000 after purchasing an additional 101,808 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Walt Disney Company (The) by 5.3% during the 2nd quarter. Legal & General Group Plc now owns 7,885,053 shares of the entertainment giant’s stock valued at $837,761,000 after purchasing an additional 394,012 shares in the last quarter. Hedge funds and other institutional investors own 61.38% of the company’s stock.

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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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