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

Traders purchased shares of Walt Disney Company (The) (NYSE:DIS) on weakness during trading hours on Wednesday. $136.88 million flowed into the stock on the tick-up and $81.34 million flowed out of the stock on the tick-down, for a money net flow of $55.54 million into the stock. Of all companies tracked, Walt Disney Company (The) had the 12th highest net in-flow for the day. Walt Disney Company (The) traded down ($0.49) for the day and closed at $97.80

A number of equities research analysts have issued reports on the company. BMO Capital Markets reaffirmed an “underperform” rating and issued a $90.00 price target (down previously from $95.00) on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. FBR & Co reaffirmed a “hold” rating and issued a $97.00 price target on shares of Walt Disney Company (The) in a research report on Friday, September 8th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Walt Disney Company (The) in a research report on Tuesday, July 25th. Guggenheim reaffirmed a “buy” rating and issued a $122.00 price target (down previously from $128.00) on shares of Walt Disney Company (The) in a research report on Wednesday, July 12th. Finally, BidaskClub lowered Walt Disney Company (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $113.85.

The firm’s 50 day moving average price is $98.74 and its 200-day moving average price is $105.00. The firm has a market cap of $152.13 billion, a PE ratio of 17.48 and a beta of 1.40.

Walt Disney Company (The) (NYSE:DIS) last issued its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $14.24 billion during the quarter, compared to analyst estimates of $14.44 billion. During the same period in the prior year, the company posted $1.62 EPS. The business’s revenue for the quarter was down .3% compared to the same quarter last year. Analysts anticipate that Walt Disney Company will post $5.78 EPS for the current year.

In other news, Director Maria Elena Lagomasino purchased 976 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was purchased at an average cost of $102.34 per share, with a total value of $99,883.84. Following the purchase, the director now owns 7,513 shares in the company, valued at approximately $768,880.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Vanguard Group Inc. boosted its stake in Walt Disney Company (The) by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after purchasing an additional 2,131,932 shares in the last quarter. State Street Corp boosted its stake in Walt Disney Company (The) by 0.7% during the 1st quarter. State Street Corp now owns 67,739,871 shares of the entertainment giant’s stock valued at $7,681,023,000 after purchasing an additional 456,053 shares in the last quarter. Northern Trust Corp boosted its stake in Walt Disney Company (The) by 2.5% during the 2nd quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock valued at $2,174,118,000 after purchasing an additional 500,349 shares in the last quarter. Legal & General Group Plc boosted its stake in Walt Disney Company (The) by 5.3% during the 2nd quarter. Legal & General Group Plc now owns 7,885,053 shares of the entertainment giant’s stock valued at $837,761,000 after purchasing an additional 394,012 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Walt Disney Company (The) by 2.0% during the 1st quarter. Clearbridge Investments LLC now owns 7,623,125 shares of the entertainment giant’s stock valued at $864,386,000 after purchasing an additional 150,316 shares in the last quarter. 61.38% of the stock is owned by hedge funds and other institutional investors.

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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.

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