Investors Sell Walt Disney (DIS) on Strength (DIS)

Traders sold shares of Walt Disney Co (NYSE:DIS) on strength during trading hours on Wednesday. $226.78 million flowed into the stock on the tick-up and $317.03 million flowed out of the stock on the tick-down, for a money net flow of $90.25 million out of the stock. Of all stocks tracked, Walt Disney had the 6th highest net out-flow for the day. Walt Disney traded up $2.01 for the day and closed at $108.04

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Walt Disney from a “hold” rating to a “buy” rating and set a $112.00 price objective for the company in a research note on Tuesday, April 10th. Vetr downgraded Walt Disney from a “strong-buy” rating to a “buy” rating and set a $113.88 price objective for the company. in a research note on Wednesday, April 18th. Loop Capital assumed coverage on Walt Disney in a research note on Thursday, March 15th. They issued a “buy” rating and a $130.00 price objective for the company. Pivotal Research upgraded Walt Disney from a “sell” rating to a “hold” rating and reduced their price objective for the company from $94.00 to $93.00 in a research note on Tuesday, April 17th. Finally, ValuEngine upgraded Walt Disney from a “sell” rating to a “hold” rating in a research note on Friday, June 15th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Walt Disney has an average rating of “Hold” and a consensus target price of $118.30.

The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $157.63 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 1.50 and a beta of 1.29.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, May 8th. The entertainment giant reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.14. The company had revenue of $14.55 billion during the quarter, compared to the consensus estimate of $14.11 billion. Walt Disney had a return on equity of 21.13% and a net margin of 20.16%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.50 EPS. equities analysts expect that Walt Disney Co will post 7.12 earnings per share for the current year.

The company also recently declared a semiannual dividend, which will be paid on Thursday, July 26th. Stockholders of record on Monday, July 9th will be paid a dividend of $0.84 per share. This is an increase from Walt Disney’s previous semiannual dividend of $0.78. The ex-dividend date is Friday, July 6th. This represents a dividend yield of 1.62%. Walt Disney’s dividend payout ratio is presently 29.47%.

In other news, EVP Brent Woodford sold 768 shares of the stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $104.35, for a total transaction of $80,140.80. Following the completion of the transaction, the executive vice president now owns 28,493 shares in the company, valued at approximately $2,973,244.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its holdings in Walt Disney by 44.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,032,917 shares of the entertainment giant’s stock worth $648,599,000 after purchasing an additional 1,860,702 shares in the last quarter. American Century Companies Inc. lifted its holdings in Walt Disney by 53.4% during the 1st quarter. American Century Companies Inc. now owns 3,604,766 shares of the entertainment giant’s stock worth $362,063,000 after purchasing an additional 1,255,464 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in Walt Disney during the 4th quarter worth about $131,539,000. Eaton Vance Management lifted its holdings in Walt Disney by 27.6% during the 4th quarter. Eaton Vance Management now owns 4,812,722 shares of the entertainment giant’s stock worth $517,416,000 after purchasing an additional 1,041,427 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Walt Disney by 512.5% during the 1st quarter. SG Americas Securities LLC now owns 1,137,319 shares of the entertainment giant’s stock worth $114,232,000 after purchasing an additional 951,642 shares in the last quarter. Institutional investors own 63.47% of the company’s stock.

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 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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