Investors Buy Shares of The Walt Disney Co. (DIS) on Weakness
Investors purchased shares of The Walt Disney Co. (NYSE:DIS) on weakness during trading on Wednesday. $236.68 million flowed into the stock on the tick-up and $179.96 million flowed out of the stock on the tick-down, for a money net flow of $56.72 million into the stock. Of all stocks tracked, The Walt Disney had the 4th highest net in-flow for the day. The Walt Disney traded down ($0.56) for the day and closed at $92.39
A number of research analysts recently issued reports on DIS shares. Jefferies Group restated a “hold” rating on shares of The Walt Disney in a research report on Thursday, August 25th. Wells Fargo & Co. downgraded shares of The Walt Disney to a “hold” rating in a research report on Thursday, August 25th. Vetr upgraded shares of The Walt Disney from a “buy” rating to a “strong-buy” rating and set a $106.81 price objective for the company in a research report on Monday, August 29th. Pivotal Research reiterated a “buy” rating and issued a $122.00 price objective on shares of The Walt Disney in a research report on Sunday, July 24th. Finally, Morgan Stanley upped their price objective on shares of 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. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $109.99.
The company’s 50-day moving average price is $94.94 and its 200-day moving average price is $98.20. The company has a market cap of $148.48 billion, a PE ratio of 16.60 and a beta of 1.28.
The Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.01. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. The firm earned $14.20 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the previous year, the firm earned $1.45 earnings per share. The Walt Disney’s revenue was up 9.0% compared to the same quarter last year. On average, analysts predict that The Walt Disney Co. will post $5.79 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in DIS. Parnassus Investments CA acquired a new stake in The Walt Disney during the second quarter valued at about $392,780,000. Bank of Montreal Can acquired a new stake in The Walt Disney during the second quarter valued at about $202,393,000. Emerald Acquisition Ltd. acquired a new stake in The Walt Disney during the second quarter valued at about $201,593,000. Nordea Investment Management AB increased its stake in 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 in the last quarter. Finally, Cohen & Steers Inc. increased its stake in 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 in the last quarter. Hedge funds and other 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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