Traders Buy Shares of Walt Disney (DIS) on Weakness

Investors purchased shares of Walt Disney Co (NYSE:DIS) on weakness during trading hours on Tuesday. $294.59 million flowed into the stock on the tick-up and $178.96 million flowed out of the stock on the tick-down, for a money net flow of $115.63 million into the stock. Of all companies tracked, Walt Disney had the 2nd highest net in-flow for the day. Walt Disney traded down ($0.66) for the day and closed at $111.76

Several research analysts have recently issued reports on the company. Zacks Investment Research downgraded Walt Disney from a “hold” rating to a “sell” rating in a research note on Friday, January 11th. Wolfe Research started coverage on Walt Disney in a report on Friday, December 7th. They issued an “outperform” rating on the stock. Imperial Capital upgraded Walt Disney from an “in-line” rating to an “outperform” rating and upped their target price for the company from $113.00 to $129.00 in a report on Tuesday, November 27th. B. Riley reiterated a “neutral” rating on shares of Walt Disney in a report on Friday, November 9th. Finally, Argus upped their target price on Walt Disney from $129.00 to $135.00 and gave the company a “buy” rating in a report on Monday, November 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $122.37.

The stock has a market cap of $166.60 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 1.91 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.94 and a quick ratio of 0.86.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.17. Walt Disney had a return on equity of 21.43% and a net margin of 21.20%. The firm had revenue of $14.30 billion during the quarter, compared to analyst estimates of $13.76 billion. During the same period last year, the firm posted $1.07 EPS. The business’s revenue was up 11.9% compared to the same quarter last year. Analysts anticipate that Walt Disney Co will post 7.08 EPS for the current year.

The firm also recently announced a semiannual dividend, which was paid on Thursday, January 10th. Stockholders of record on Monday, December 10th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, December 7th. This is a positive change from Walt Disney’s previous semiannual dividend of $0.84. This represents a dividend yield of 1.51%. Walt Disney’s dividend payout ratio (DPR) is currently 24.86%.

In other Walt Disney news, EVP Alan N. Braverman sold 1,153 shares of the firm’s stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $107.70, for a total value of $124,178.10. Following the completion of the transaction, the executive vice president now owns 106,390 shares in the company, valued at approximately $11,458,203. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Robert A. Iger sold 47,733 shares of the firm’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $120.00, for a total value of $5,727,960.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 60,339 shares of company stock valued at $7,112,707. Insiders own 0.38% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in DIS. Contravisory Investment Management Inc. boosted its position in shares of Walt Disney by 176.4% during the fourth quarter. Contravisory Investment Management Inc. now owns 409 shares of the entertainment giant’s stock valued at $45,000 after purchasing an additional 261 shares in the last quarter. Watermark Asset Management Inc. boosted its position in shares of Walt Disney by 52.2% during the fourth quarter. Watermark Asset Management Inc. now owns 446 shares of the entertainment giant’s stock valued at $49,000 after purchasing an additional 153 shares in the last quarter. Highwater Wealth Management LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $56,000. CX Institutional bought a new stake in Walt Disney in the fourth quarter worth $80,000. Finally, Canton Hathaway LLC bought a new stake in Walt Disney in the third quarter worth $107,000. 62.82% of the stock is currently owned by institutional investors.

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About Walt Disney (NYSE:DIS)

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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