Investors Sell Walt Disney (DIS) on Strength (DIS)
Investors sold shares of Walt Disney Co (NYSE:DIS) on strength during trading on Friday. $313.12 million flowed into the stock on the tick-up and $574.87 million flowed out of the stock on the tick-down, for a money net flow of $261.75 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 $0.48 for the day and closed at $114.96
DIS has been the topic of a number of recent research reports. BMO Capital Markets upped their target price on shares of Walt Disney from $109.00 to $114.00 and gave the company a “market perform” rating in a report on Thursday, February 7th. Credit Suisse Group restated a “hold” rating and issued a $114.00 target price on shares of Walt Disney in a report on Tuesday, January 22nd. Edward Jones upgraded shares of Walt Disney from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Imperial Capital upgraded shares of Walt Disney from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $113.00 to $129.00 in a report on Tuesday, November 27th. Finally, Wolfe Research initiated coverage on shares of Walt Disney in a report on Friday, December 7th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $124.84.
The firm has a market capitalization of $170.56 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 2.75 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.00.
In related news, EVP Alan N. Braverman sold 1,153 shares of the firm’s stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $107.70, for a total value of $124,178.10. Following the transaction, the executive vice president now owns 106,390 shares in the company, valued at $11,458,203. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Brent Woodford sold 1,341 shares of the firm’s stock in a transaction that occurred on Friday, December 21st. The shares were sold at an average price of $107.71, for a total transaction of $144,439.11. Following the completion of the transaction, the executive vice president now owns 28,914 shares in the company, valued at approximately $3,114,326.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,148 shares of company stock worth $1,336,704. Insiders own 0.36% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of DIS. Oregon Public Employees Retirement Fund raised its holdings in Walt Disney by 14,778.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 53,195,820 shares of the entertainment giant’s stock valued at $485,000 after buying an additional 52,838,274 shares during the period. Norges Bank purchased a new position in Walt Disney in the fourth quarter valued at approximately $1,593,288,000. BlackRock Inc. raised its holdings in Walt Disney by 6.5% in the fourth quarter. BlackRock Inc. now owns 92,790,946 shares of the entertainment giant’s stock valued at $10,174,527,000 after buying an additional 5,639,712 shares during the period. Matthew Goff Investment Advisor LLC raised its holdings in Walt Disney by 10,381.0% in the third quarter. Matthew Goff Investment Advisor LLC now owns 5,399,078 shares of the entertainment giant’s stock valued at $51,513,000 after buying an additional 5,347,565 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Walt Disney by 9.8% in the fourth quarter. Geode Capital Management LLC now owns 20,146,874 shares of the entertainment giant’s stock valued at $2,205,626,000 after buying an additional 1,789,989 shares during the period. Hedge funds and other institutional investors own 63.71% of the company’s stock.
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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 businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
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