Investors Buy Walt Disney Company (The) (DIS) on Weakness

Traders purchased shares of Walt Disney Company (The) (NYSE:DIS) on weakness during trading on Friday. $114.95 million flowed into the stock on the tick-up and $65.77 million flowed out of the stock on the tick-down, for a money net flow of $49.18 million into the stock. Of all stocks tracked, Walt Disney Company (The) had the 16th highest net in-flow for the day. Walt Disney Company (The) traded down ($0.04) for the day and closed at $100.07

DIS has been the topic of a number of research analyst reports. Royal Bank Of Canada set a $130.00 target price on Walt Disney Company (The) and gave the company a “buy” rating in a research report on Monday, June 12th. BidaskClub upgraded Walt Disney Company (The) from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Guggenheim restated a “buy” rating and issued a $122.00 target price (down previously from $128.00) on shares of Walt Disney Company (The) in a research report on Wednesday, July 12th. Piper Jaffray Companies set a $130.00 target price on Walt Disney Company (The) and gave the company a “buy” rating in a research report on Wednesday, August 9th. Finally, Goldman Sachs Group, Inc. (The) set a $133.00 target price on Walt Disney Company (The) and gave the company a “buy” rating in a research report on Wednesday, August 9th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nineteen have issued a buy rating to the stock. Walt Disney Company (The) presently has a consensus rating of “Hold” and a consensus price target of $113.92.

The company has a market capitalization of $154.46 billion, a PE ratio of 17.75 and a beta of 1.40. The company’s 50 day moving average is $99.91 and its 200-day moving average is $106.38.

Walt Disney Company (The) (NYSE:DIS) last issued its earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. The company had revenue of $14.24 billion during the quarter, compared to the consensus estimate of $14.44 billion. During the same period in the previous year, the firm posted $1.62 earnings per share. Walt Disney Company (The)’s quarterly revenue was down .3% compared to the same quarter last year. On average, analysts predict that Walt Disney Company will post $5.81 earnings per share for the current year.

In related news, Director Maria Elena Lagomasino bought 976 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was bought at an average cost of $102.34 per share, for a total transaction of $99,883.84. Following the completion of the purchase, the director now directly owns 7,513 shares in the company, valued at approximately $768,880.42. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.38% of the company’s stock.

A number of hedge funds have recently modified their holdings of DIS. Lee Financial Co raised its holdings in shares of Walt Disney Company (The) by 7.6% during the second quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock valued at $112,000 after buying an additional 74 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Walt Disney Company (The) during the first quarter valued at approximately $144,000. Krilogy Financial LLC raised its holdings in shares of Walt Disney Company (The) by 13.2% during the second quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock valued at $151,000 after buying an additional 166 shares during the last quarter. IHT Wealth Management LLC raised its holdings in shares of Walt Disney Company (The) by 34.3% during the second quarter. IHT Wealth Management LLC now owns 15,377 shares of the entertainment giant’s stock valued at $152,000 after buying an additional 3,923 shares during the last quarter. Finally, BDO Wealth Advisors LLC bought a new stake in shares of Walt Disney Company (The) during the second quarter valued at approximately $153,000. Institutional investors own 61.38% of the company’s stock.

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About Walt Disney Company (The)

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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