Investors Sell Walt Disney (DIS) on Strength (DIS)
Investors sold shares of Walt Disney Co (NYSE:DIS) on strength during trading hours on Tuesday. $192.82 million flowed into the stock on the tick-up and $308.60 million flowed out of the stock on the tick-down, for a money net flow of $115.78 million out of the stock. Of all companies tracked, Walt Disney had the 0th highest net out-flow for the day. Walt Disney traded up $0.78 for the day and closed at $111.81
Several equities analysts recently issued reports on the stock. Piper Jaffray Companies set a $130.00 target price on shares of Walt Disney and gave the company a “buy” rating in a research note on Tuesday, October 31st. J P Morgan Chase & Co set a $125.00 target price on shares of Walt Disney and gave the company a “buy” rating in a research note on Friday, November 10th. Vetr cut shares of Walt Disney from a “buy” rating to a “hold” rating and set a $106.77 target price for the company. in a research note on Monday, November 13th. Rosenblatt Securities reiterated a “hold” rating and issued a $115.00 target price on shares of Walt Disney in a research note on Monday, December 4th. Finally, Citigroup reiterated a “neutral” rating on shares of Walt Disney in a research note on Thursday, September 28th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seventeen have issued a buy rating to the company. Walt Disney currently has an average rating of “Hold” and an average price target of $113.20.
The company has a debt-to-equity ratio of 0.42, a current ratio of 0.81 and a quick ratio of 0.74. The firm has a market capitalization of $168,529.20, a PE ratio of 19.62, a price-to-earnings-growth ratio of 2.38 and a beta of 1.38.
The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, January 11th. Stockholders of record on Monday, December 11th will be issued a dividend of $0.84 per share. The ex-dividend date of this dividend is Friday, December 8th. Walt Disney’s payout ratio is 29.53%.
Several institutional investors have recently added to or reduced their stakes in DIS. Parametric Portfolio Associates LLC grew its holdings in shares of Walt Disney by 3.4% in the third quarter. Parametric Portfolio Associates LLC now owns 3,406,988 shares of the entertainment giant’s stock valued at $335,827,000 after purchasing an additional 111,031 shares during the period. Institutional & Family Asset Management LLC purchased a new stake in shares of Walt Disney in the third quarter valued at about $253,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Walt Disney in the third quarter valued at about $3,160,000. New Mexico Educational Retirement Board grew its holdings in shares of Walt Disney by 5.5% in the third quarter. New Mexico Educational Retirement Board now owns 142,620 shares of the entertainment giant’s stock valued at $14,058,000 after purchasing an additional 7,400 shares during the period. Finally, Coastline Trust Co grew its holdings in shares of Walt Disney by 77.2% in the third quarter. Coastline Trust Co now owns 21,725 shares of the entertainment giant’s stock valued at $2,142,000 after purchasing an additional 9,465 shares during the period. 61.39% of the stock is owned by institutional investors and hedge funds.
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About Walt Disney
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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