Walt Disney Target of Unusually Large Options Trading (DIS)
Walt Disney (NYSE:DIS) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 15,883 put options on the stock, Analyst RN reports. This is an increase of approximately 224% compared to the typical daily volume of 4,895 put options.
In other Walt Disney news, EVP Alan Braverman sold 4,334 shares of Walt Disney stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $74.26, for a total value of $321,842.84. Following the sale, the executive vice president now directly owns 225,399 shares of the company’s stock, valued at approximately $16,738,130. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
DIS has been the subject of a number of recent research reports. Analysts at Deutsche Bank raised their price target on shares of Walt Disney from $79.00 to $85.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Bank of America Corp. set a $88.00 price target on shares of Walt Disney in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Walt Disney in a research note to investors on Tuesday. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $77.78.
Walt Disney (NYSE:DIS) traded up 1.00% on Wednesday, hitting $71.76. 11,614,590 shares of the company’s stock traded hands. Walt Disney has a one year low of $53.41 and a one year high of $76.84. The stock’s 50-day moving average is $73.95 and its 200-day moving average is $68.05. The company has a market cap of $126.1 billion and a price-to-earnings ratio of 21.02.
Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.91 by $0.13. The company had revenue of $12.31 billion for the quarter, compared to the consensus estimate of $12.23 billion. During the same quarter last year, the company posted $0.79 earnings per share. Walt Disney’s revenue was up 8.5% compared to the same quarter last year. Analysts expect that Walt Disney will post $3.95 EPS for the current fiscal year.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.
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