Walt Disney Co (NYSE:DIS) EVP Alan N. Braverman sold 94,462 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $141.18, for a total value of $13,336,145.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Walt Disney stock opened at $143.54 on Thursday. The firm has a market cap of $256.50 billion, a PE ratio of 20.27, a P/E/G ratio of 4.30 and a beta of 0.96. The business’s 50 day moving average is $138.08. Walt Disney Co has a 1-year low of $100.35 and a 1-year high of $144.25. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 0.36.
Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.02. The business had revenue of $14.92 billion for the quarter, compared to analysts’ expectations of $14.53 billion. Walt Disney had a return on equity of 15.67% and a net margin of 22.55%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.84 EPS. As a group, research analysts forecast that Walt Disney Co will post 6.57 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in Walt Disney by 6.5% in the fourth quarter. BlackRock Inc. now owns 92,790,946 shares of the entertainment giant’s stock valued at $10,174,527,000 after acquiring an additional 5,639,712 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Walt Disney by 14,778.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 53,195,820 shares of the entertainment giant’s stock worth $485,000 after purchasing an additional 52,838,274 shares in the last quarter. FMR LLC lifted its stake in Walt Disney by 37.2% during the first quarter. FMR LLC now owns 33,901,641 shares of the entertainment giant’s stock worth $3,764,098,000 after purchasing an additional 9,190,235 shares in the last quarter. Northern Trust Corp lifted its stake in Walt Disney by 4.5% during the fourth quarter. Northern Trust Corp now owns 21,001,994 shares of the entertainment giant’s stock worth $2,302,868,000 after purchasing an additional 896,051 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in Walt Disney by 10.5% during the first quarter. Clearbridge Investments LLC now owns 10,855,844 shares of the entertainment giant’s stock worth $1,205,324,000 after purchasing an additional 1,031,035 shares in the last quarter. Institutional investors and hedge funds own 64.14% of the company’s stock.
DIS has been the subject of several research reports. Goldman Sachs Group set a €22.50 ($26.16) price objective on Grand City Properties and gave the stock a “buy” rating in a research note on Thursday, April 4th. Imperial Capital boosted their price objective on Walt Disney from $139.00 to $147.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. Bank of America boosted their price objective on CarMax from $95.00 to $112.00 in a research note on Monday, June 24th. Citigroup set a $86.00 price objective on Prologis and gave the stock a “buy” rating in a research note on Thursday, June 6th. Finally, Loop Capital boosted their price objective on Walt Disney to $165.00 and gave the stock a “buy” rating in a research note on Friday, June 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the stock. Walt Disney presently has a consensus rating of “Buy” and a consensus target price of $144.89.
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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