Investors Buy Walt Disney (DIS) on Weakness

Investors bought shares of Walt Disney Co (NYSE:DIS) on weakness during trading on Friday. $220.13 million flowed into the stock on the tick-up and $117.51 million flowed out of the stock on the tick-down, for a money net flow of $102.62 million into the stock. Of all companies tracked, Walt Disney had the 18th highest net in-flow for the day. Walt Disney traded down ($1.76) for the day and closed at $100.35

Several equities analysts have recently weighed in on DIS shares. Rosenblatt Securities upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and raised their price objective for the company from $115.00 to $130.00 in a research report on Wednesday, January 3rd. Vetr upgraded shares of Walt Disney from a “hold” rating to a “buy” rating and set a $112.50 price objective for the company in a research report on Monday, January 1st. Credit Suisse Group restated a “buy” rating on shares of Walt Disney in a research report on Friday, December 22nd. Wells Fargo restated a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research report on Friday, December 15th. Finally, Piper Jaffray set a $125.00 price objective on shares of Walt Disney and gave the company a “buy” rating in a research report on Friday, December 15th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $118.82.

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The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $153,540.36, a PE ratio of 17.61, a P/E/G ratio of 1.74 and a beta of 1.30.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.28. The business had revenue of $15.35 billion during the quarter, compared to analyst estimates of $15.47 billion. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.55 earnings per share. sell-side analysts anticipate that Walt Disney Co will post 6.95 EPS for the current fiscal year.

In other news, Director Aylwin B. Lewis sold 1,797 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $108.39, for a total value of $194,776.83. Following the completion of the sale, the director now directly owns 85,636 shares of the company’s stock, valued at $9,282,086.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of DIS. Janus Henderson Group PLC raised its position in Walt Disney by 929.6% during the second quarter. Janus Henderson Group PLC now owns 5,410,942 shares of the entertainment giant’s stock valued at $574,907,000 after acquiring an additional 4,885,398 shares in the last quarter. AJO LP raised its position in Walt Disney by 12,331.6% during the second quarter. AJO LP now owns 3,300,335 shares of the entertainment giant’s stock valued at $350,661,000 after acquiring an additional 3,273,787 shares in the last quarter. Vanguard Group Inc. raised its position in Walt Disney by 2.2% during the second quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after acquiring an additional 2,131,932 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Walt Disney by 247.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,644,700 shares of the entertainment giant’s stock valued at $280,999,000 after acquiring an additional 1,884,600 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in Walt Disney by 48.7% during the second quarter. Nordea Investment Management AB now owns 5,313,513 shares of the entertainment giant’s stock valued at $564,561,000 after acquiring an additional 1,740,128 shares in the last quarter. 62.63% of the stock is currently owned by hedge funds and other institutional investors.

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Walt Disney 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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