Investors Sell Shares of 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 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 recently weighed in on DIS. Zacks Investment Research downgraded shares of Walt Disney from a “hold” rating to a “sell” rating in a research report on Monday, December 17th. BMO Capital Markets raised their price target on shares of Walt Disney from $109.00 to $114.00 and gave the stock a “market perform” rating in a research report on Thursday, February 7th. Wolfe Research initiated coverage on shares of Walt Disney in a report on Friday, December 7th. They issued an “outperform” rating for the company. Imperial Capital raised shares of Walt Disney from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $113.00 to $129.00 in a report on Tuesday, November 27th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $114.00 price objective on shares of Walt Disney in a report on Tuesday, January 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. Walt Disney currently has a consensus rating of “Buy” and a consensus target price of $124.84.

The firm has a market capitalization of $170.56 billion, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91. The company has a current ratio of 1.00, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.27. The company had revenue of $15.30 billion for the quarter, compared to analysts’ expectations of $15.20 billion. Walt Disney had a return on equity of 20.50% and a net margin of 18.46%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the business posted $1.89 earnings per share. As a group, research analysts predict that Walt Disney Co will post 7.09 earnings per share for the current fiscal year.

In other Walt Disney news, EVP Brent Woodford sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $114.35, for a total value of $228,700.00. Following the sale, the executive vice president now directly owns 26,517 shares in the company, valued at $3,032,218.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alan N. Braverman sold 1,153 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now owns 106,390 shares in the company, valued at $11,458,203. The disclosure for this sale can be found here. Insiders sold 12,148 shares of company stock worth $1,336,704 over the last quarter. 0.36% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Litman Gregory Asset Management LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at about $25,000. Crewe Advisors LLC raised its stake in shares of Walt Disney by 55.6% during the fourth quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 100 shares in the last quarter. Clarfeld Financial Advisors LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at about $42,000. Portfolio Solutions LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at about $43,000. Finally, Contravisory Investment Management Inc. raised its stake in shares of Walt Disney by 176.4% during the fourth quarter. Contravisory Investment Management Inc. now owns 409 shares of the entertainment giant’s stock valued at $45,000 after purchasing an additional 261 shares in the last quarter. 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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