Traders Sell Shares of The Walt Disney Co. (DIS) on Strength (DIS)
Traders sold shares of The Walt Disney Co. (NYSE:DIS) on strength during trading on Tuesday. $92.13 million flowed into the stock on the tick-up and $128.37 million flowed out of the stock on the tick-down, for a money net flow of $36.24 million out of the stock. Of all equities tracked, The Walt Disney had the 0th highest net out-flow for the day. The Walt Disney traded up $0.32 for the day and closed at $92.95
Several research analysts have weighed in on the company. Zacks Investment Research lowered The Walt Disney from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th. Morgan Stanley boosted their price target on The Walt Disney from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 14th. Deutsche Bank AG reaffirmed a “hold” rating and set a $115.00 price target (up previously from $113.00) on shares of The Walt Disney in a research report on Wednesday, May 25th. FBR & Co reaffirmed an “outperform” rating and set a $111.00 price target on shares of The Walt Disney in a research report on Tuesday, June 21st. Finally, Stifel Nicolaus lowered The Walt Disney from a “buy” rating to a “hold” rating and set a $110.00 price target on the stock. in a research report on Wednesday, July 20th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $109.99.
The company’s 50-day moving average is $95.01 and its 200-day moving average is $98.25. The stock has a market capitalization of $149.38 billion, a PE ratio of 16.71 and a beta of 1.28.
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The Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.01. The company earned $14.20 billion during the quarter, compared to analysts’ expectations of $14.16 billion. The Walt Disney had a return on equity of 19.98% and a net margin of 16.48%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.45 earnings per share. Analysts anticipate that The Walt Disney Co. will post $5.79 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Parnassus Investments CA bought a new position in shares of The Walt Disney during the second quarter valued at $392,780,000. Bank of Montreal Can bought a new position in shares of The Walt Disney during the second quarter valued at $202,393,000. Emerald Acquisition Ltd. bought a new position in shares of The Walt Disney during the second quarter valued at $201,593,000. Nordea Investment Management AB boosted its position in shares of The Walt Disney by 430.0% in the second quarter. Nordea Investment Management AB now owns 2,156,556 shares of the entertainment giant’s stock valued at $210,954,000 after buying an additional 1,749,646 shares during the period. Finally, Cohen & Steers Inc. boosted its position in shares of The Walt Disney by 282.4% in the second quarter. Cohen & Steers Inc. now owns 1,200,000 shares of the entertainment giant’s stock valued at $1,194,000 after buying an additional 886,207 shares during the period. Institutional investors own 57.92% of the company’s stock.
About The Walt Disney
The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.
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