Walt Disney Target of Unusually High Options Trading (DIS)
Walt Disney (NYSE:DIS) saw unusually large options trading activity on Thursday. Investors acquired 7,825 put options on the stock, Stock Ratings Network.com reports. This is an increase of approximately 149% compared to the average daily volume of 3,147 put options.
Several analysts have recently commented on the stock. 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 issued a strong buy rating to the company. Walt Disney currently has an average rating of “Buy” and an average target price of $69.81.
Shares of Walt Disney (NYSE:DIS) traded up 2.42% during mid-day trading on Thursday, hitting $65.49. 22,429,102 shares of the company’s stock traded hands. Walt Disney has a one year low of $46.53 and a one year 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 issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, missing the 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. Analysts expect that Walt Disney will post $3.38 EPS for the current fiscal year.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.
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