Investors sold shares of Walt Disney Company (The) (NYSE:DIS) on strength during trading hours on Wednesday after Loop Capital lowered their price target on the stock from $108.00 to $107.00. $88.42 million flowed into the stock on the tick-up and $133.28 million flowed out of the stock on the tick-down, for a money net flow of $44.86 million out of the stock. Of all equities tracked, Walt Disney Company (The) had the 17th highest net out-flow for the day. Walt Disney Company (The) traded up $0.69 for the day and closed at $102.20

A number of other equities research analysts have also recently commented on the stock. Piper Jaffray Companies set a $130.00 price target on shares of Walt Disney Company (The) and gave the company a “buy” rating in a report on Tuesday. Barclays PLC cut their price target on shares of Walt Disney Company (The) from $102.00 to $98.00 and set an “equal weight” rating on the stock in a report on Friday, August 11th. Zacks Investment Research upgraded shares of Walt Disney Company (The) from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Vetr upgraded shares of Walt Disney Company (The) from a “hold” rating to a “buy” rating and set a $107.66 target price on the stock in a report on Thursday, August 10th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $125.00 target price on shares of Walt Disney Company (The) in a report on Thursday, August 10th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $115.16.

In other Walt Disney Company (The) news, Chairman Robert A. Iger sold 797,578 shares of Walt Disney Company (The) stock in a transaction on Friday, June 9th. The shares were sold at an average price of $105.09, for a total value of $83,817,472.02. Following the completion of the transaction, the chairman now directly owns 1,566,484 shares of the company’s stock, valued at approximately $164,621,803.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maria Elena Lagomasino acquired 976 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was acquired at an average cost of $102.34 per share, with a total value of $99,883.84. Following the completion of the purchase, the director now directly owns 7,513 shares in the company, valued at $768,880.42. The disclosure for this purchase can be found here. Company insiders own 13.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Empire Life Investments Inc. purchased a new position in Walt Disney Company (The) during the fourth quarter worth approximately $3,676,000. RB Capital Management LLC purchased a new position in Walt Disney Company (The) during the fourth quarter worth approximately $1,669,000. Lebenthal Asset Management LLC boosted its position in Walt Disney Company (The) by 1.2% in the fourth quarter. Lebenthal Asset Management LLC now owns 38,577 shares of the entertainment giant’s stock worth $4,021,000 after buying an additional 460 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Walt Disney Company (The) during the fourth quarter worth approximately $35,237,000. Finally, Independent Advisor Alliance purchased a new position in Walt Disney Company (The) during the fourth quarter worth approximately $2,965,000. 62.34% of the stock is owned by institutional investors and hedge funds.

The company has a 50-day moving average price of $105.88 and a 200-day moving average price of $109.16. The stock has a market capitalization of $157.74 billion, a PE ratio of 18.13 and a beta of 1.40.

Walt Disney Company (The) (NYSE:DIS) last released its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The firm had revenue of $14.24 billion during the quarter, compared to analysts’ expectations of $14.44 billion. During the same period last year, the business earned $1.62 earnings per share. Walt Disney Company (The)’s revenue was down .3% compared to the same quarter last year. Equities analysts predict that Walt Disney Company will post $5.89 earnings per share for the current year.

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, July 27th. Investors of record on Monday, July 10th were given a dividend of $0.78 per share. The ex-dividend date was Thursday, July 6th. Walt Disney Company (The)’s payout ratio is currently 27.56%.

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About Walt Disney Company (The)

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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