Traders Buy Shares of Walt Disney (DIS) on Weakness

Traders bought shares of Walt Disney Co (NYSE:DIS) on weakness during trading hours on Friday. $807.17 million flowed into the stock on the tick-up and $153.37 million flowed out of the stock on the tick-down, for a money net flow of $653.80 million into the stock. Of all equities tracked, Walt Disney had the 2nd highest net in-flow for the day. Walt Disney traded down ($1.12) for the day and closed at $115.49

DIS has been the topic of several research reports. Imperial Capital upped their price target on Walt Disney from $108.00 to $112.00 and gave the company an “inline” rating in a report on Wednesday, August 8th. Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a report on Monday, October 1st. ValuEngine raised Walt Disney from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Pivotal Research reaffirmed a “sell” rating and issued a $95.00 price target on shares of Walt Disney in a report on Sunday, September 23rd. Finally, Loop Capital upped their price target on Walt Disney to $130.00 and gave the company a “buy” rating in a report on Friday, November 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $122.39.

The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 0.32. The company has a market cap of $171.93 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 1.73 and a beta of 1.17.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.17. Walt Disney had a net margin of 21.20% and a return on equity of 21.43%. The company had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $13.76 billion. During the same period in the previous year, the business earned $1.07 EPS. The company’s revenue was up 11.9% on a year-over-year basis. On average, equities research analysts anticipate that Walt Disney Co will post 7.07 EPS for the current year.

The company also recently announced a semiannual dividend, which will be paid on Thursday, January 10th. Shareholders of record on Monday, December 10th will be paid a dividend of $0.88 per share. This is an increase from Walt Disney’s previous semiannual dividend of $0.84. This represents a yield of 1.51%. The ex-dividend date is Friday, December 7th. Walt Disney’s payout ratio is 23.73%.

In other news, EVP Mary Jayne Parker sold 29,192 shares of the business’s stock in a transaction on Wednesday, October 3rd. The shares were sold at an average price of $117.99, for a total transaction of $3,444,364.08. Following the transaction, the executive vice president now directly owns 29,199 shares in the company, valued at approximately $3,445,190.01. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Brent Woodford sold 952 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $111.87, for a total transaction of $106,500.24. Following the transaction, the executive vice president now owns 26,698 shares in the company, valued at $2,986,705.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,838 shares of company stock worth $9,391,319. Company insiders own 0.38% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Walt Disney by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 103,729,219 shares of the entertainment giant’s stock valued at $12,130,095,000 after acquiring an additional 553,232 shares in the last quarter. Phocas Financial Corp. grew its holdings in shares of Walt Disney by 989,639.9% during the 2nd quarter. Phocas Financial Corp. now owns 67,054,876 shares of the entertainment giant’s stock valued at $703,000 after acquiring an additional 67,048,101 shares in the last quarter. FMR LLC grew its holdings in shares of Walt Disney by 1.5% during the 3rd quarter. FMR LLC now owns 26,397,731 shares of the entertainment giant’s stock valued at $3,086,951,000 after acquiring an additional 382,573 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Walt Disney by 2.1% during the 3rd quarter. Clearbridge Investments LLC now owns 9,031,930 shares of the entertainment giant’s stock valued at $1,056,194,000 after acquiring an additional 189,866 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Walt Disney by 1.4% during the 3rd quarter. Legal & General Group Plc now owns 7,001,304 shares of the entertainment giant’s stock valued at $818,701,000 after acquiring an additional 98,550 shares in the last quarter. Institutional investors and hedge funds own 62.64% of the company’s stock.

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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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