Stock Traders Purchase Large Volume of Call Options on The Walt Disney Company (DIS)
Shares of The Walt Disney Company (NYSE:DIS) saw some unusual options trading activity on Thursday. Investors purchased 23,635 call options on the company, AnalystRatingsNetwork reports. This represents an increase of 162% compared to the typical daily volume of 9,008 call options.
DIS has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of The Walt Disney Company in a research note on Thursday. They now have a $92.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of The Walt Disney Company from $96.00 to $101.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of The Walt Disney Company in a research note on Wednesday, August 6th. They now have a $100.00 price target on the stock, up previously from $90.00. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $88.03.
Shares of The Walt Disney Company (NYSE:DIS) traded up 1.15% on Thursday, hitting $88.61. The stock had a trading volume of 8,218,120 shares. The Walt Disney Company has a 1-year low of $60.41 and a 1-year high of $87.98. The stock has a 50-day moving average of $86.27 and a 200-day moving average of $81.70. The company has a market cap of $152.1 billion and a price-to-earnings ratio of 21.04.
The Walt Disney Company (NYSE:DIS) last announced its earnings results on Tuesday, August 5th. The company reported $1.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.16 by $0.12. The company had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $12.17 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts predict that The Walt Disney Company will post $4.29 earnings per share for the current fiscal year.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.
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