Walt Disney Co (DIS) Short Interest Up 11.6% in December
Walt Disney Co (NYSE:DIS) was the target of a large increase in short interest in December. As of December 29th, there was short interest totalling 21,073,177 shares, an increase of 11.6% from the December 15th total of 18,876,096 shares. Based on an average daily trading volume, of 7,316,831 shares, the short-interest ratio is currently 2.9 days. Currently, 1.5% of the shares of the stock are sold short.
Several research analysts recently issued reports on the stock. Vetr upgraded shares of Walt Disney from a “hold” rating to a “buy” rating and set a $115.53 price target on the stock in a research report on Tuesday. Bank of America reiterated a “buy” rating and set a $144.00 price target (up previously from $130.00) on shares of Walt Disney in a research report on Wednesday, January 10th. Zacks Investment Research downgraded shares of Walt Disney from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Pivotal Research reiterated a “sell” rating and set a $93.00 price target (up previously from $91.00) on shares of Walt Disney in a research report on Tuesday, January 9th. Finally, Rosenblatt Securities upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their price target for the stock from $115.00 to $130.00 in a research report on Wednesday, January 3rd. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $116.15.
Shares of Walt Disney (NYSE:DIS) opened at $110.42 on Friday. The firm has a market cap of $166,770.00, a P/E ratio of 19.44, a P/E/G ratio of 1.97 and a beta of 1.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.81 and a quick ratio of 0.74. Walt Disney has a 52-week low of $96.20 and a 52-week high of $116.10.
Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.05). The firm had revenue of $12.78 billion during the quarter, compared to analyst estimates of $13.30 billion. Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. The business’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 earnings per share. research analysts predict that Walt Disney will post 6.31 earnings per share for the current fiscal year.
The company also recently declared a Semi-Annual dividend, which was paid on Thursday, January 11th. Investors of record on Monday, December 11th were given a $0.84 dividend. The ex-dividend date was Friday, December 8th. Walt Disney’s dividend payout ratio is 29.58%.
Several large investors have recently made changes to their positions in DIS. Stillwater Capital Advisors LLC increased its stake in Walt Disney by 15.2% during the 2nd quarter. Stillwater Capital Advisors LLC now owns 2,242 shares of the entertainment giant’s stock worth $238,000 after purchasing an additional 296 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC increased its stake in Walt Disney by 0.9% during the 2nd quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 19,732 shares of the entertainment giant’s stock worth $2,096,000 after purchasing an additional 175 shares in the last quarter. First Command Bank increased its stake in Walt Disney by 52.0% during the 2nd quarter. First Command Bank now owns 11,217 shares of the entertainment giant’s stock worth $1,192,000 after purchasing an additional 3,838 shares in the last quarter. Capital Asset Advisory Services LLC bought a new stake in Walt Disney during the 2nd quarter worth approximately $849,000. Finally, Factory Mutual Insurance Co. increased its stake in Walt Disney by 6.8% during the 2nd quarter. Factory Mutual Insurance Co. now owns 1,183,500 shares of the entertainment giant’s stock worth $125,748,000 after purchasing an additional 75,000 shares in the last quarter. Institutional investors and hedge funds own 61.55% of the company’s stock.
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Walt Disney Company Profile
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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