Investors Buy Walt Disney (DIS) on Weakness

Traders purchased shares of Walt Disney Co (NYSE:DIS) on weakness during trading on Thursday. $156.67 million flowed into the stock on the tick-up and $97.84 million flowed out of the stock on the tick-down, for a money net flow of $58.83 million into the stock. Of all companies tracked, Walt Disney had the 4th highest net in-flow for the day. Walt Disney traded down ($0.37) for the day and closed at $112.48

A number of equities research analysts have issued reports on the company. B. Riley cut their price target on Walt Disney from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Wednesday, May 9th. Zacks Investment Research lowered Walt Disney from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Pivotal Research restated a “hold” rating and set a $93.00 price objective on shares of Walt Disney in a research report on Wednesday, May 9th. Bank of America set a $144.00 price objective on Walt Disney and gave the company a “buy” rating in a research report on Wednesday, August 8th. Finally, Royal Bank of Canada restated a “buy” rating and set a $140.00 price objective on shares of Walt Disney in a research report on Wednesday, August 8th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the stock. Walt Disney presently has a consensus rating of “Hold” and a consensus target price of $118.92.

The stock has a market capitalization of $167.58 billion, a P/E ratio of 19.80, a PEG ratio of 1.48 and a beta of 1.35. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 0.35.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.97 by ($0.10). The company had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.49 billion. Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. During the same quarter in the prior year, the business posted $1.58 EPS. analysts expect that Walt Disney Co will post 6.96 earnings per share for the current fiscal year.

The business also recently declared a semiannual dividend, which was paid on Thursday, July 26th. Investors of record on Monday, July 9th were given a $0.84 dividend. The ex-dividend date was Friday, July 6th. This represents a yield of 1.62%. This is a positive change from Walt Disney’s previous semiannual dividend of $0.78. Walt Disney’s dividend payout ratio (DPR) is currently 29.47%.

In related news, Chairman Robert A. Iger sold 437,679 shares of Walt Disney stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $115.00, for a total value of $50,333,085.00. Following the completion of the transaction, the chairman now owns 1,498,871 shares in the company, valued at $172,370,165. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Brent Woodford sold 768 shares of Walt Disney stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $104.35, for a total value of $80,140.80. Following the completion of the transaction, the executive vice president now owns 28,493 shares of the company’s stock, valued at approximately $2,973,244.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 710,002 shares of company stock valued at $80,514,432. 0.38% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Tennessee Treasury Department lifted its stake in Walt Disney by 36.0% in the fourth quarter. State of Tennessee Treasury Department now owns 1,334,319 shares of the entertainment giant’s stock worth $143,452,000 after purchasing an additional 353,024 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in Walt Disney in the first quarter worth about $241,000. Vestpro Financial Partners Inc. dba CPF Texas bought a new stake in Walt Disney in the fourth quarter worth about $707,000. Pin Oak Investment Advisors Inc. bought a new stake in Walt Disney in the fourth quarter worth about $161,000. Finally, Weil Company Inc. bought a new stake in Walt Disney in the fourth quarter worth about $3,789,000. Institutional investors own 63.63% of the company’s stock.

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 services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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