Traders Sell Walt Disney (DIS) on Strength (DIS)

Traders sold shares of Walt Disney Co (NYSE:DIS) on strength during trading hours 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 stocks tracked, Walt Disney had the 21st highest net out-flow for the day. Walt Disney traded up $0.48 for the day and closed at $114.96

A number of research firms have issued reports on DIS. Wolfe Research assumed coverage on shares of Walt Disney in a report on Friday, December 7th. They issued an “outperform” rating for the company. Imperial Capital upgraded shares of Walt Disney from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $113.00 to $129.00 in a report on Tuesday, November 27th. Zacks Investment Research cut shares of Walt Disney from a “hold” rating to a “sell” rating in a report on Friday, January 11th. BMO Capital Markets boosted their price target on shares of Walt Disney from $109.00 to $114.00 and gave the stock a “market perform” rating in a report on Thursday, February 7th. Finally, Credit Suisse Group reiterated a “hold” rating and set a $114.00 price target on shares of Walt Disney in a report on Tuesday, January 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $124.84.

The stock has a market capitalization of $170.56 billion, a price-to-earnings ratio of 16.24, a P/E/G 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.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.27. The business had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.20 billion. Walt Disney had a net margin of 18.46% and a return on equity of 20.50%. The company’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.89 EPS. Analysts forecast that Walt Disney Co will post 7.09 earnings per share for the current year.

In related news, EVP Brent Woodford sold 294 shares of the company’s stock in a transaction on Friday, January 4th. The shares were sold at an average price of $110.00, for a total value of $32,340.00. Following the completion of the sale, the executive vice president now owns 26,513 shares in the company, valued at approximately $2,916,430. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Alan N. Braverman sold 1,153 shares of the company’s stock in a transaction on Friday, December 28th. The shares were sold at an average price of $107.70, for a total transaction of $124,178.10. Following the completion of the sale, the executive vice president now owns 106,390 shares of the company’s stock, valued at approximately $11,458,203. The disclosure for this sale can be found here. Insiders have sold a total of 12,148 shares of company stock valued at $1,336,704 in the last 90 days. Insiders own 0.36% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Brightworth raised its position in Walt Disney by 1.3% during the 3rd quarter. Brightworth now owns 54,415 shares of the entertainment giant’s stock worth $6,363,000 after buying an additional 715 shares during the last quarter. Rothschild Investment Corp IL grew its stake in shares of Walt Disney by 17.9% during the 3rd quarter. Rothschild Investment Corp IL now owns 48,859 shares of the entertainment giant’s stock worth $5,714,000 after purchasing an additional 7,430 shares during the period. First American Bank acquired a new position in shares of Walt Disney during the 3rd quarter worth $10,901,000. Long Road Investment Counsel LLC acquired a new position in shares of Walt Disney during the 3rd quarter worth $208,000. Finally, Cambridge Trust Co. grew its stake in shares of Walt Disney by 3.2% during the 3rd quarter. Cambridge Trust Co. now owns 36,480 shares of the entertainment giant’s stock worth $4,266,000 after purchasing an additional 1,141 shares during the period. Hedge funds and other institutional investors own 63.71% of the company’s stock.

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About Walt Disney (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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