Walt Disney Co (DIS) Chairman Sells $5,727,960.00 in Stock

Walt Disney Co (NYSE:DIS) Chairman Robert A. Iger sold 47,733 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $120.00, for a total value of $5,727,960.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of NYSE DIS traded up $2.00 during trading hours on Friday, hitting $118.00. 16,875,257 shares of the company traded hands, compared to its average volume of 7,970,170. The company has a market cap of $173.58 billion, a P/E ratio of 20.70, a P/E/G ratio of 1.47 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.88. Walt Disney Co has a 12 month low of $97.68 and a 12 month high of $120.20.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.17. The firm had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $13.76 billion. Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 EPS. As a group, equities analysts predict that Walt Disney Co will post 6.92 EPS for the current year.

Several analysts have recently issued reports on DIS shares. Imperial Capital upped their price objective on Walt Disney from $108.00 to $112.00 and gave the stock an “inline” rating in a report on Wednesday, August 8th. Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a report on Monday, October 1st. Pivotal Research reaffirmed a “sell” rating and set a $95.00 price objective on shares of Walt Disney in a report on Sunday, September 23rd. ValuEngine raised Walt Disney from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $140.00 price objective on shares of Walt Disney in a report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $120.99.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board grew its position in Walt Disney by 4.4% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 375,957 shares of the entertainment giant’s stock valued at $43,964,000 after acquiring an additional 15,855 shares during the last quarter. Bank of Hawaii grew its position in Walt Disney by 15.8% in the 3rd quarter. Bank of Hawaii now owns 10,311 shares of the entertainment giant’s stock valued at $1,206,000 after acquiring an additional 1,407 shares during the last quarter. CIBC World Markets Inc. grew its position in Walt Disney by 7.4% in the 3rd quarter. CIBC World Markets Inc. now owns 363,545 shares of the entertainment giant’s stock valued at $42,513,000 after acquiring an additional 24,901 shares during the last quarter. Sarasin & Partners LLP grew its position in Walt Disney by 4.1% in the 3rd quarter. Sarasin & Partners LLP now owns 465,935 shares of the entertainment giant’s stock valued at $54,486,000 after acquiring an additional 18,344 shares during the last quarter. Finally, Gratus Capital LLC grew its position in Walt Disney by 4.1% in the 3rd quarter. Gratus Capital LLC now owns 66,527 shares of the entertainment giant’s stock valued at $7,780,000 after acquiring an additional 2,625 shares during the last quarter. 63.15% of the stock is currently owned by hedge funds and other institutional investors.

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About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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