Walt Disney Company (The) (NYSE:DIS)’s share price gapped down prior to trading on Wednesday after BidaskClub downgraded the stock from a buy rating to a hold rating. The stock had previously closed at $113.25, but opened at $106.98. Walt Disney Company (The) shares last traded at $102.83, with a volume of 27,872,235 shares traded.

A number of other research firms also recently issued reports on DIS. Zacks Investment Research downgraded Walt Disney Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Macquarie restated a “neutral” rating on shares of Walt Disney Company (The) in a research note on Wednesday, May 10th. Morgan Stanley restated an “overweight” rating and set a $130.00 price target on shares of Walt Disney Company (The) in a research note on Wednesday, June 21st. Guggenheim restated a “buy” rating and set a $128.00 price target on shares of Walt Disney Company (The) in a research note on Tuesday, April 11th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $111.00 price target on shares of Walt Disney Company (The) in a research note on Wednesday, May 10th. Six equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $115.64.

In other Walt Disney Company (The) news, Director Susan E. Arnold sold 12,143 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $109.02, for a total value of $1,323,829.86. Following the sale, the director now owns 48,673 shares in the company, valued at $5,306,330.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Robert A. Iger sold 797,578 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $105.09, for a total value of $83,817,472.02. Following the completion of the sale, the chairman now owns 1,566,484 shares in the company, valued at approximately $164,621,803.56. The disclosure for this sale can be found here. Corporate insiders own 13.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in DIS. Thomas J. Herzfeld Advisors Inc. acquired a new stake in Walt Disney Company (The) during the fourth quarter worth $110,000. Lee Financial Co raised its stake in Walt Disney Company (The) by 7.6% in the second quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock worth $112,000 after buying an additional 74 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Walt Disney Company (The) during the first quarter worth $144,000. BDO Wealth Advisors LLC acquired a new stake in Walt Disney Company (The) during the second quarter worth $153,000. Finally, Feltz Wealth PLAN Inc. acquired a new stake in Walt Disney Company (The) during the first quarter worth $173,000. Institutional investors and hedge funds own 62.42% of the company’s stock.

The firm has a market cap of $160.92 billion, a price-to-earnings ratio of 17.93 and a beta of 1.40. The firm has a 50 day moving average price of $106.20 and a 200-day moving average price of $109.38. Walt Disney Company (The) also was the recipient of some unusual options trading on Monday. Investors bought 26,917 put options on the company. This represents an increase of approximately 352% compared to the typical daily volume of 5,955 put options.

Walt Disney Company (The) (NYSE:DIS) last announced its earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. The firm had revenue of $14.24 billion for the quarter, compared to analysts’ expectations of $14.44 billion. Walt Disney Company (The) had a return on equity of 19.81% and a net margin of 16.63%. Walt Disney Company (The)’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.62 EPS. Equities research analysts expect that Walt Disney Company will post $5.90 EPS for the current year.

The business also recently announced a Semi-Annual dividend, which was paid on Thursday, July 27th. Shareholders of record on Monday, July 10th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio (DPR) is presently 27.18%.

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Walt Disney Company (The) 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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