Short Interest in Walt Disney Co (NYSE:DIS) Increases By 9.5%

Walt Disney Co (NYSE:DIS) was the target of a large growth in short interest in June. As of June 30th, there was short interest totalling 17,071,800 shares, a growth of 9.5% from the May 30th total of 15,584,800 shares. Based on an average trading volume of 11,560,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.2% of the company’s stock are short sold.

In other Walt Disney news, EVP Zenia B. Mucha sold 49,561 shares of the stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $140.00, for a total transaction of $6,938,540.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Brent Woodford sold 4,000 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $135.24, for a total value of $540,960.00. The disclosure for this sale can be found here. Insiders have sold a total of 158,423 shares of company stock worth $22,284,125 in the last ninety days. Insiders own 0.36% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DIS. Oregon Public Employees Retirement Fund raised its stake in shares of Walt Disney by 14,778.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 53,195,820 shares of the entertainment giant’s stock valued at $485,000 after buying an additional 52,838,274 shares during the last quarter. FMR LLC raised its stake in shares of Walt Disney by 37.2% during the 1st quarter. FMR LLC now owns 33,901,641 shares of the entertainment giant’s stock valued at $3,764,098,000 after buying an additional 9,190,235 shares during the last quarter. BlackRock Inc. raised its stake in shares of Walt Disney by 6.5% during the 4th quarter. BlackRock Inc. now owns 92,790,946 shares of the entertainment giant’s stock valued at $10,174,527,000 after buying an additional 5,639,712 shares during the last quarter. Cortland Advisers LLC purchased a new position in shares of Walt Disney during the 4th quarter valued at about $118,918,000. Finally, Clearbridge Investments LLC raised its stake in shares of Walt Disney by 10.5% during the 1st quarter. Clearbridge Investments LLC now owns 10,855,844 shares of the entertainment giant’s stock valued at $1,205,324,000 after buying an additional 1,031,035 shares during the last quarter. Institutional investors and hedge funds own 64.15% of the company’s stock.

Several analysts have issued reports on the company. Citigroup set a $86.00 target price on Prologis and gave the company a “buy” rating in a research report on Thursday, June 6th. JPMorgan Chase & Co. set a €78.00 ($90.70) price objective on Porsche Automobil and gave the company a “neutral” rating in a report on Friday, April 12th. Bank of America increased their price objective on CarMax from $95.00 to $112.00 in a report on Monday, June 24th. Guggenheim reiterated a “buy” rating and set a $157.00 price objective on shares of Walt Disney in a report on Tuesday, April 23rd. Finally, BMO Capital Markets decreased their price objective on AKITA Drilling from C$5.00 to C$3.50 in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Walt Disney presently has an average rating of “Buy” and an average target price of $144.89.

DIS stock traded up $0.18 during midday trading on Monday, reaching $145.06. The stock had a trading volume of 5,210,289 shares, compared to its average volume of 11,058,790. The firm has a market cap of $260.74 billion, a PE ratio of 20.49, a PEG ratio of 4.37 and a beta of 0.96. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $139.26. Walt Disney has a 52-week low of $100.35 and a 52-week high of $145.43.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.02. The company had revenue of $14.92 billion during the quarter, compared to analyst estimates of $14.53 billion. Walt Disney had a return on equity of 15.67% and a net margin of 22.55%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $1.84 EPS. As a group, research analysts forecast that Walt Disney will post 6.57 EPS for the current fiscal year.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, July 5th. Walt Disney’s payout ratio is currently 24.86%.

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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