Walt Disney (DIS) Sees Large Volume Increase Following Analyst Upgrade

Walt Disney Co (NYSE:DIS) shares saw unusually-high trading volume on Monday after BTIG Research upgraded the stock from a sell rating to a neutral rating. Approximately 22,572,870 shares traded hands during mid-day trading, an increase of 27% from the previous session’s volume of 17,706,936 shares.The stock last traded at $131.99 and had previously closed at $130.06.

DIS has been the subject of several other research reports. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a research note on Thursday, January 17th. Edward Jones upgraded shares of Walt Disney from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Tigress Financial reiterated a “buy” rating on shares of Walt Disney in a research note on Tuesday, February 12th. Citigroup initiated coverage on shares of Walt Disney in a research note on Tuesday, April 2nd. They set a “buy” rating and a $150.00 target price for the company. Finally, Credit Suisse Group reiterated a “hold” rating and set a $114.00 target price on shares of Walt Disney in a research note on Tuesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $129.67.

In other Walt Disney news, EVP Brent Woodford sold 2,000 shares of the stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $113.60, for a total value of $227,200.00. Following the completion of the transaction, the executive vice president now directly owns 26,517 shares of the company’s stock, valued at $3,012,331.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Zenia B. Mucha sold 33,000 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $128.88, for a total transaction of $4,253,040.00. The disclosure for this sale can be found here. Insiders have sold 37,042 shares of company stock valued at $4,713,677 over the last three months. 0.36% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of DIS. Northwest Wealth Management LLC boosted its position in Walt Disney by 3.2% during the first quarter. Northwest Wealth Management LLC now owns 2,922 shares of the entertainment giant’s stock worth $324,000 after acquiring an additional 91 shares during the last quarter. Boltwood Capital Management boosted its holdings in shares of Walt Disney by 0.4% in the 4th quarter. Boltwood Capital Management now owns 22,637 shares of the entertainment giant’s stock valued at $2,482,000 after purchasing an additional 94 shares during the last quarter. Stockman Wealth Management Inc. boosted its holdings in shares of Walt Disney by 1.0% in the 4th quarter. Stockman Wealth Management Inc. now owns 9,392 shares of the entertainment giant’s stock valued at $1,030,000 after purchasing an additional 95 shares during the last quarter. First National Bank of Hutchinson boosted its holdings in shares of Walt Disney by 4.0% in the 4th quarter. First National Bank of Hutchinson now owns 2,527 shares of the entertainment giant’s stock valued at $277,000 after purchasing an additional 97 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC boosted its holdings in shares of Walt Disney by 0.8% in the 4th quarter. YorkBridge Wealth Partners LLC now owns 12,422 shares of the entertainment giant’s stock valued at $1,362,000 after purchasing an additional 99 shares during the last quarter. 64.61% of the stock is owned by institutional investors.

The firm has a market cap of $193.89 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 3.22 and a beta of 0.91. The company has a current ratio of 1.00, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.27. The company had revenue of $15.30 billion for the quarter, compared to analyst estimates of $15.20 billion. Walt Disney had a net margin of 18.46% and a return on equity of 20.50%. Walt Disney’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the business earned $1.89 EPS. On average, research analysts expect that Walt Disney Co will post 6.88 earnings per share for the current year.

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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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