Favorable News Coverage Unlikely to Impact Walt Disney (DIS) Stock Price

News articles about Walt Disney (NYSE:DIS) have trended positive this week, according to AlphaOne. AlphaOne, a unit of Accern, identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Walt Disney earned a media sentiment score of 0.30 on AlphaOne’s scale. AlphaOne also gave media stories about the entertainment giant an impact score of 26 out of 100, meaning that recent press coverage is unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news articles that may have impacted AlphaOne Sentiment Analysis’s scoring:

DIS has been the topic of several research reports. Piper Jaffray Companies set a $130.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research report on Friday, January 27th. Morgan Stanley raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and set a $124.00 price target on the stock in a research report on Monday, January 30th. Jefferies Group LLC reissued a “buy” rating and issued a $100.00 price target (up previously from $92.00) on shares of Walt Disney in a research report on Monday, January 30th. Guggenheim reissued a “neutral” rating and issued a $118.00 price target on shares of Walt Disney in a research report on Tuesday, January 31st. They noted that the move was a valuation call. Finally, Vetr cut shares of Walt Disney from a “buy” rating to a “hold” rating and set a $115.54 price objective for the company. in a research note on Wednesday, February 1st. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and seventeen have assigned a buy rating to the stock. Walt Disney has an average rating of “Hold” and a consensus price target of $116.49.

Walt Disney (NYSE:DIS) opened at 107.52 on Friday. Walt Disney has a one year low of $90.32 and a one year high of $116.10. The company has a market capitalization of $168.26 billion, a price-to-earnings ratio of 18.75 and a beta of 1.25. The firm has a 50-day moving average of $112.31 and a 200 day moving average of $107.58. Walt Disney also was the target of unusually large options trading on Wednesday. Stock traders acquired 7,318 put options on the company. This represents an increase of 225% compared to the typical volume of 2,249 put options.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, May 9th. The entertainment giant reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.05. Walt Disney had a return on equity of 19.43% and a net margin of 16.29%. The company had revenue of $13.34 billion during the quarter, compared to analysts’ expectations of $13.44 billion. During the same period last year, the business posted $1.36 EPS. Walt Disney’s revenue for the quarter was up 2.8% on a year-over-year basis. Equities research analysts predict that Walt Disney will post $5.96 earnings per share for the current fiscal year.

In related news, Director Susan E. Arnold sold 12,143 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $109.02, for a total transaction of $1,323,829.86. Following the completion of the transaction, the director now directly owns 48,673 shares in the company, valued at approximately $5,306,330.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, April 18th. The shares were sold at an average price of $114.50, for a total value of $229,000.00. Following the transaction, the executive vice president now owns 27,745 shares of the company’s stock, valued at $3,176,802.50. The disclosure for this sale can be found here. Company insiders own 13.00% of the company’s stock.

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About Walt Disney

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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