Traders sold shares of Walt Disney Co (NYSE:DIS) on strength during trading hours on Wednesday. $117.00 million flowed into the stock on the tick-up and $142.51 million flowed out of the stock on the tick-down, for a money net flow of $25.51 million out of the stock. Of all companies tracked, Walt Disney had the 29th highest net out-flow for the day. Walt Disney traded up $0.17 for the day and closed at $103.90
Several research firms have weighed in on DIS. Zacks Investment Research downgraded Walt Disney from a “buy” rating to a “hold” rating in a research report on Tuesday. Vetr downgraded Walt Disney from a “strong-buy” rating to a “buy” rating and set a $114.86 target price for the company. in a research report on Tuesday, February 13th. BMO Capital Markets lifted their target price on Walt Disney from $90.00 to $95.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Jefferies Group reissued a “hold” rating and set a $112.00 price objective on shares of Walt Disney in a research report on Wednesday, February 7th. Finally, B. Riley boosted their price objective on Walt Disney from $122.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $118.59.
The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $156,230.00, a price-to-earnings ratio of 17.35, a PEG ratio of 1.79 and a beta of 1.30.
Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.28. The firm had revenue of $15.35 billion during the quarter, compared to the consensus estimate of $15.47 billion. Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.55 earnings per share. research analysts anticipate that Walt Disney Co will post 6.95 EPS for the current fiscal year.
In other Walt Disney news, Director Aylwin B. Lewis sold 1,797 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $108.39, for a total value of $194,776.83. Following the completion of the sale, the director now owns 85,636 shares in the company, valued at $9,282,086.04. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.38% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Beach Investment Management LLC. purchased a new position in Walt Disney in the second quarter worth $5,587,000. One Capital Management LLC raised its position in Walt Disney by 3.2% in the second quarter. One Capital Management LLC now owns 25,573 shares of the entertainment giant’s stock worth $2,717,000 after acquiring an additional 790 shares in the last quarter. Cobblestone Capital Advisors LLC NY raised its position in Walt Disney by 17.1% in the second quarter. Cobblestone Capital Advisors LLC NY now owns 73,472 shares of the entertainment giant’s stock worth $7,806,000 after acquiring an additional 10,742 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Walt Disney by 6.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,706,473 shares of the entertainment giant’s stock worth $500,063,000 after acquiring an additional 265,456 shares in the last quarter. Finally, MUFG Americas Holdings Corp raised its position in Walt Disney by 9.9% in the second quarter. MUFG Americas Holdings Corp now owns 231,378 shares of the entertainment giant’s stock worth $24,584,000 after acquiring an additional 20,835 shares in the last quarter. Institutional investors own 62.63% of the company’s stock.
About Walt Disney
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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