Investors Sell Walt Disney (DIS) on Strength (DIS)
Investors sold shares of Walt Disney Co (NYSE:DIS) on strength during trading on Tuesday. $172.92 million flowed into the stock on the tick-up and $427.85 million flowed out of the stock on the tick-down, for a money net flow of $254.93 million out of the stock. Of all stocks tracked, Walt Disney had the highest net out-flow for the day. Walt Disney traded up $0.86 for the day and closed at $113.63
Several research firms have weighed in on DIS. Pivotal Research reiterated a “sell” rating and issued a $95.00 target price on shares of Walt Disney in a report on Sunday. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Royal Bank of Canada reiterated a “buy” rating and issued a $140.00 target price on shares of Walt Disney in a report on Wednesday, August 8th. Imperial Capital increased their target price on shares of Walt Disney from $108.00 to $112.00 and gave the stock an “inline” rating in a report on Wednesday, August 8th. Finally, BMO Capital Markets increased their target price on shares of Walt Disney from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $119.54.
The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.88. The stock has a market capitalization of $164.19 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 1.46 and a beta of 1.31.
In related news, EVP Alan N. Braverman sold 140,638 shares of the firm’s stock in a transaction on Wednesday, July 11th. The shares were sold at an average price of $107.00, for a total value of $15,048,266.00. Following the completion of the transaction, the executive vice president now owns 160,316 shares of the company’s stock, valued at $17,153,812. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Robert A. Iger sold 437,679 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $115.00, for a total transaction of $50,333,085.00. Following the completion of the transaction, the chairman now directly owns 1,498,871 shares of the company’s stock, valued at approximately $172,370,165. The disclosure for this sale can be found here. In the last ninety days, insiders sold 710,954 shares of company stock valued at $80,620,932. 0.38% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Old Port Advisors acquired a new stake in Walt Disney in the second quarter valued at $1,170,000. Royal London Asset Management Ltd. acquired a new stake in Walt Disney in the second quarter valued at $65,954,000. Moody Aldrich Partners LLC acquired a new stake in Walt Disney in the second quarter valued at $71,061,000. Ashburton Jersey Ltd lifted its stake in Walt Disney by 46.1% in the second quarter. Ashburton Jersey Ltd now owns 1,585 shares of the entertainment giant’s stock valued at $166,000 after acquiring an additional 500 shares during the last quarter. Finally, HRT Financial LLC acquired a new stake in Walt Disney in the second quarter valued at $565,000. 63.00% of the stock is owned by institutional investors and hedge funds.
Walt Disney Company Profile (NYSE:DIS)
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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