Traders Buy Shares of Walt Disney Company (The) (DIS) on Weakness

Traders bought shares of Walt Disney Company (The) (NYSE:DIS) on weakness during trading on Monday. $148.98 million flowed into the stock on the tick-up and $84.04 million flowed out of the stock on the tick-down, for a money net flow of $64.94 million into the stock. Of all equities tracked, Walt Disney Company (The) had the 7th highest net in-flow for the day. Walt Disney Company (The) traded down ($0.50) for the day and closed at $99.57

A number of research analysts recently issued reports on the company. BMO Capital Markets restated an “underperform” rating and set a $90.00 price objective (down previously from $95.00) on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. Loop Capital restated a “hold” rating and set a $108.00 price objective on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. Jefferies Group LLC restated a “hold” rating and set a $103.00 price objective (down previously from $110.00) on shares of Walt Disney Company (The) in a research report on Friday. Goldman Sachs Group, Inc. (The) set a $133.00 price objective on Walt Disney Company (The) and gave the company a “buy” rating in a research report on Wednesday, August 9th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $109.00 price objective on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $113.76.

The stock has a market cap of $153.68 billion, a PE ratio of 17.66 and a beta of 1.40. The company’s 50-day moving average price is $99.91 and its 200 day moving average price is $106.38.

Walt Disney Company (The) (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. The firm had revenue of $14.24 billion for the quarter, compared to the consensus estimate of $14.44 billion. During the same quarter last year, the business posted $1.62 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis. Analysts forecast that Walt Disney Company will post $5.80 EPS for the current fiscal year.

In other news, Director Maria Elena Lagomasino purchased 976 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were purchased at an average price of $102.34 per share, with a total value of $99,883.84. Following the purchase, the director now directly owns 7,513 shares of the company’s stock, valued at approximately $768,880.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 13.00% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DIS. Bollard Group LLC raised its stake in shares of Walt Disney Company (The) by 13.0% in the 1st quarter. Bollard Group LLC now owns 22,270 shares of the entertainment giant’s stock valued at $2,525,000 after purchasing an additional 2,567 shares during the period. Johanson Financial Advisors Inc. acquired a new stake in shares of Walt Disney Company (The) in the 1st quarter valued at about $532,000. Sabal Trust CO acquired a new stake in shares of Walt Disney Company (The) in the 1st quarter valued at about $281,000. Wendell David Associates Inc. raised its stake in shares of Walt Disney Company (The) by 6.6% in the 1st quarter. Wendell David Associates Inc. now owns 49,369 shares of the entertainment giant’s stock valued at $5,598,000 after purchasing an additional 3,070 shares during the period. Finally, Sanders Morris Harris Inc. raised its stake in shares of Walt Disney Company (The) by 41.5% in the 1st quarter. Sanders Morris Harris Inc. now owns 2,896 shares of the entertainment giant’s stock valued at $328,000 after purch

A number of research analysts recently issued reports on the company. BMO Capital Markets restated an “underperform” rating and set a $90.00 price objective (down previously from $95.00) on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. Loop Capital restated a “hold” rating and set a $108.00 price objective on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. Jefferies Group LLC restated a “hold” rating and set a $103.00 price objective (down previously from $110.00) on shares of Walt Disney Company (The) in a research report on Friday. Goldman Sachs Group, Inc. (The) set a $133.00 price objective on Walt Disney Company (The) and gave the company a “buy” rating in a research report on Wednesday, August 9th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $109.00 price objective on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $113.76.

The stock has a market cap of $153.68 billion, a PE ratio of 17.66 and a beta of 1.40. The company’s 50-day moving average price is $99.91 and its 200 day moving average price is $106.38.

Walt Disney Company (The) (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. The firm had revenue of $14.24 billion for the quarter, compared to the consensus estimate of $14.44 billion. During the same quarter last year, the business posted $1.62 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis. Analysts forecast that Walt Disney Company will post $5.80 EPS for the current fiscal year.

In other news, Director Maria Elena Lagomasino purchased 976 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were purchased at an average price of $102.34 per share, with a total value of $99,883.84. Following the purchase, the director now directly owns 7,513 shares of the company’s stock, valued at approximately $768,880.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 13.00% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DIS. Bollard Group LLC raised its stake in shares of Walt Disney Company (The) by 13.0% in the 1st quarter. Bollard Group LLC now owns 22,270 shares of the entertainment giant’s stock valued at $2,525,000 after purchasing an additional 2,567 shares during the period. Johanson Financial Advisors Inc. acquired a new stake in shares of Walt Disney Company (The) in the 1st quarter valued at about $532,000. Sabal Trust CO acquired a new stake in shares of Walt Disney Company (The) in the 1st quarter valued at about $281,000. Wendell David Associates Inc. raised its stake in shares of Walt Disney Company (The) by 6.6% in the 1st quarter. Wendell David Associates Inc. now owns 49,369 shares of the entertainment giant’s stock valued at $5,598,000 after purchasing an additional 3,070 shares during the period. Finally, Sanders Morris Harris Inc. raised its stake in shares of Walt Disney Company (The) by 41.5% in the 1st quarter. Sanders Morris Harris Inc. now owns 2,896 shares of the entertainment giant’s stock valued at $328,000 after purchasing an additional 850 shares during the period. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: “Traders Buy Shares of Walt Disney Company (The) (DIS) on Weakness” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/09/traders-buy-shares-of-walt-disney-company-the-dis-on-weakness.html.

Walt Disney Company (The) Company Profile

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.

Receive News & Ratings for Walt Disney Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply