Christine M. Mccarthy Sells 10,000 Shares of The Walt Disney Company (NYSE:DIS) Stock

The Walt Disney Company (NYSE:DIS) CFO Christine M. Mccarthy sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, January 14th. The shares were sold at an average price of $152.06, for a total transaction of $1,520,600.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

DIS stock traded down $3.50 during mid-day trading on Friday, hitting $151.94. The company had a trading volume of 16,821,702 shares, compared to its average volume of 10,994,124. The company has a 50-day moving average price of $154.81 and a 200 day moving average price of $169.05. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $276.17 billion, a price-to-earnings ratio of 142.61, a P/E/G ratio of 1.65 and a beta of 1.19. The Walt Disney Company has a 12-month low of $142.04 and a 12-month high of $203.02.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, November 10th. The entertainment giant reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.13). Walt Disney had a net margin of 2.96% and a return on equity of 4.86%. The business had revenue of $18.53 billion for the quarter, compared to the consensus estimate of $18.85 billion. During the same quarter in the prior year, the business posted ($0.20) earnings per share. As a group, analysts expect that The Walt Disney Company will post 4.21 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. GeoWealth Management LLC acquired a new stake in shares of Walt Disney in the third quarter valued at about $25,000. Core Alternative Capital purchased a new position in Walt Disney during the third quarter worth about $28,000. Penserra Capital Management LLC purchased a new stake in shares of Walt Disney in the 2nd quarter valued at approximately $29,000. Financial Insights Inc. purchased a new stake in shares of Walt Disney in the 2nd quarter valued at approximately $37,000. Finally, Financial Enhancement Group LLC grew its holdings in shares of Walt Disney by 260.6% in the second quarter. Financial Enhancement Group LLC now owns 238 shares of the entertainment giant’s stock valued at $42,000 after purchasing an additional 172 shares in the last quarter. Institutional investors own 63.93% of the company’s stock.

Several analysts recently weighed in on the stock. Moffett Nathanson reduced their price objective on shares of Walt Disney from $185.00 to $180.00 and set a “neutral” rating on the stock in a research note on Monday, October 18th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Walt Disney from $200.00 to $191.00 and set a “buy” rating on the stock in a report on Monday, November 15th. UBS Group lowered their target price on shares of Walt Disney from $220.00 to $205.00 and set a “buy” rating on the stock in a report on Thursday, November 11th. JPMorgan Chase & Co. decreased their price objective on shares of Walt Disney from $230.00 to $220.00 and set an “overweight” rating for the company in a research note on Thursday, November 11th. Finally, Guggenheim lowered shares of Walt Disney from a “buy” rating to a “neutral” rating and set a $165.00 price objective for the company. in a research note on Friday. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, Walt Disney currently has a consensus rating of “Buy” and an average price target of $196.93.

About Walt Disney

The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.

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