Walt Disney Co (DIS) Short Interest Down 67.7% in March

Walt Disney Co (NYSE:DIS) was the target of a significant decrease in short interest in March. As of March 29th, there was short interest totalling 13,978,131 shares, a decrease of 67.7% from the March 15th total of 43,262,491 shares. Based on an average trading volume of 22,809,878 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.8% of the company’s stock are short sold.

A number of research firms have weighed in on DIS. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research note on Monday. Loop Capital raised their price objective on shares of Walt Disney to $140.00 and gave the company a “buy” rating in a research note on Monday. UBS Group set a $128.00 price objective on shares of Walt Disney and gave the company a “buy” rating in a research note on Friday, April 12th. Bank of America set a $144.00 price objective on shares of Walt Disney and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, ValuEngine raised shares of Walt Disney from a “hold” rating to a “buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $130.20.

Shares of DIS stock opened at $129.90 on Wednesday. The stock has a market capitalization of $193.89 billion, a PE ratio of 18.35, a PEG ratio of 3.59 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 0.92. Walt Disney has a one year low of $97.68 and a one year high of $132.70.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.27. The company had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.20 billion. Walt Disney had a net margin of 18.46% and a return on equity of 20.50%. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.89 earnings per share. On average, equities research analysts anticipate that Walt Disney will post 6.88 earnings per share for the current fiscal year.

In related news, EVP Zenia B. Mucha sold 33,000 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $128.88, for a total transaction of $4,253,040.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Brent Woodford sold 2,000 shares of the stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $113.60, for a total transaction of $227,200.00. Following the transaction, the executive vice president now directly owns 26,517 shares in the company, valued at $3,012,331.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,000 shares of company stock worth $4,708,940. 0.36% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. Litman Gregory Asset Management LLC purchased a new stake in Walt Disney during the fourth quarter worth about $25,000. Crewe Advisors LLC increased its holdings in Walt Disney by 55.6% during the fourth quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock worth $31,000 after buying an additional 100 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in Walt Disney during the first quarter worth about $37,000. Clarfeld Financial Advisors LLC purchased a new stake in Walt Disney during the fourth quarter worth about $42,000. Finally, Portfolio Solutions LLC purchased a new stake in Walt Disney during the fourth quarter worth about $43,000. Institutional investors own 64.63% of the company’s stock.

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Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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