Traders Buy Walt Disney Company (The) (DIS) on Weakness

Traders purchased shares of Walt Disney Company (The) (NYSE:DIS) on weakness during trading on Monday. $148.98 million flowed into the stock on the tick-up and $84.04 million flowed out of the stock on the tick-down, for a money net flow of $64.94 million into the stock. Of all companies tracked, Walt Disney Company (The) had the 7th highest net in-flow for the day. Walt Disney Company (The) traded down ($0.50) for the day and closed at $99.57

A number of equities research analysts have weighed in on DIS shares. Vetr lowered Walt Disney Company (The) from a “buy” rating to a “hold” rating and set a $110.54 price objective on the stock. in a report on Thursday, July 27th. BidaskClub raised Walt Disney Company (The) from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $125.00 price objective on shares of Walt Disney Company (The) in a report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) set a $133.00 price objective on Walt Disney Company (The) and gave the company a “buy” rating in a report on Wednesday, August 9th. Finally, Piper Jaffray Companies set a $130.00 price objective on Walt Disney Company (The) and gave the company a “buy” rating in a report on Wednesday, August 9th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $113.76.

The stock has a 50-day moving average of $99.83 and a 200 day moving average of $106.12. The company has a market capitalization of $153.70 billion, a PE ratio of 17.66 and a beta of 1.40.

Walt Disney Company (The) (NYSE:DIS) last issued its earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.05. The firm had revenue of $14.24 billion during the quarter, compared to analysts’ expectations of $14.44 billion. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the firm posted $1.62 earnings per share. Analysts predict that Walt Disney Company will post $5.79 earnings per share for the current fiscal year.

In other Walt Disney Company (The) news, Director Maria Elena Lagomasino bought 976 shares of Walt Disney Company (The) stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average cost of $102.34 per share, for a total transaction of $99,883.84. Following the completion of the acquisition, the director now owns 7,513 shares of the company’s stock, valued at approximately $768,880.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 13.00% of the company’s stock.

Large investors have recently modified their holdings of the stock. Vantage Financial Partners Ltd. Inc. bought a new stake in Walt Disney Company (The) during the second quarter worth approximately $925,000. Lee Financial Co boosted its holdings in Walt Disney Company (The) by 7.6% during the second quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock worth $112,000 after buying an additional 74 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new stake in Walt Disney Company (The) during the first quarter worth approximately $144,000. Krilogy Financial LLC boosted its holdings in Walt Disney Company (The) by 13.2% during the second quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock worth $151,000 after buying an additional 166 shares in the last quarter. Finally, BDO Wealth Advisors LLC bought a new stake in Walt Disney Company (The) during the second quarter worth approximately $153,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

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Walt Disney Company (The) Company Profile

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

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