Traders Sell Shares of Walt Disney (DIS) on Strength (DIS)

Investors sold shares of Walt Disney Co (NYSE:DIS) on strength during trading on Wednesday. $131.67 million flowed into the stock on the tick-up and $243.30 million flowed out of the stock on the tick-down, for a money net flow of $111.63 million out of the stock. Of all companies tracked, Walt Disney had the 12th highest net out-flow for the day. Walt Disney traded up $0.48 for the day and closed at $104.60

DIS has been the topic of a number of research reports. Piper Jaffray Companies set a $130.00 target price on shares of Walt Disney and gave the stock a “buy” rating in a report on Tuesday, October 31st. Vetr lowered shares of Walt Disney from a “strong-buy” rating to a “buy” rating and set a $110.51 target price on the stock. in a report on Thursday, October 19th. Citigroup reiterated a “buy” rating and set a $119.00 target price on shares of Walt Disney in a report on Wednesday, November 1st. JPMorgan Chase & Co. set a $125.00 target price on shares of Walt Disney and gave the stock a “buy” rating in a report on Friday, November 10th. Finally, Goldman Sachs Group increased their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Walt Disney has a consensus rating of “Buy” and an average target price of $118.61.

The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.87. The company has a market capitalization of $157,280.00, a PE ratio of 18.07, a P/E/G ratio of 1.80 and a beta of 1.30.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 EPS for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.28. The firm had revenue of $15.35 billion for the quarter, compared to the consensus estimate of $15.47 billion. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm posted $1.55 EPS. sell-side analysts expect that Walt Disney Co will post 6.8 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Amalgamated Bank boosted its stake in Walt Disney by 49.8% during the 2nd quarter. Amalgamated Bank now owns 180,632 shares of the entertainment giant’s stock worth $19,192,000 after purchasing an additional 60,088 shares during the period. Tdam USA Inc. boosted its stake in Walt Disney by 4.1% during the 2nd quarter. Tdam USA Inc. now owns 195,498 shares of the entertainment giant’s stock worth $20,666,000 after purchasing an additional 7,785 shares during the period. Walter & Keenan Financial Consulting Co. MI ADV boosted its stake in Walt Disney by 7.9% during the 2nd quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 24,719 shares of the entertainment giant’s stock worth $2,626,000 after purchasing an additional 1,800 shares during the period. Connecticut Wealth Management LLC boosted its stake in Walt Disney by 1.4% during the 2nd quarter. Connecticut Wealth Management LLC now owns 3,038 shares of the entertainment giant’s stock worth $315,000 after purchasing an additional 42 shares during the period. Finally, Riverpark Capital Management LLC boosted its stake in Walt Disney by 15.2% during the 2nd quarter. Riverpark Capital Management LLC now owns 301,225 shares of the entertainment giant’s stock worth $32,005,000 after purchasing an additional 39,822 shares during the period. 61.12% of the stock is currently owned by hedge funds and other institutional investors.

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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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