Walt Disney Sees Unusually High Options Volume (DIS)
Walt Disney (NYSE:DIS) was the recipient of some unusual options trading activity on Thursday. Investors acquired 21,502 call options on the company, American Banking & Market News reports. This is an increase of approximately 354% compared to the typical daily volume of 4,736 call options.
A number of research firms have recently commented on DIS. Analysts at ISI Group initiated coverage on shares of Walt Disney (NYSE:DIS) in a research note to investors on Tuesday. They set a “neutral” rating and a $68.00 price target on the stock. Separately, analysts at Sanford C. Bernstein cut their price target on shares of Walt Disney (NYSE:DIS) from $76.00 to $75.00 in a research note to investors on Wednesday, September 4th. They now have an “outperform” rating on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Walt Disney (NYSE:DIS) in a research note to investors on Wednesday, August 28th.
Eleven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $69.81.
Shares of Walt Disney (NYSE:DIS) traded up 2.42% on Thursday, hitting $65.49. The stock had a trading volume of 22,425,002 shares. Walt Disney has a 52 week low of $46.53 and a 52 week high of $67.89. The stock has a 50-day moving average of $63.18 and a 200-day moving average of $62.19. The company has a market cap of $117.0 billion and a P/E ratio of 19.38.
Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.03 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.04 by $0.01. The company had revenue of $11.58 billion for the quarter, compared to the consensus estimate of $11.64 billion. During the same quarter in the prior year, the company posted $1.01 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that Walt Disney will post $3.38 earnings per share for the current fiscal year.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.