Investors Buy High Volume of Put Options on Walt Disney Company (The) (NYSE:DIS)

Walt Disney Company (The) (NYSE:DIS) was the recipient of some unusual options trading on Monday. Investors purchased 26,917 put options on the company. This represents an increase of approximately 352% compared to the typical daily volume of 5,955 put options.

In other news, Chairman Robert A. Iger sold 797,578 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $105.09, for a total transaction of $83,817,472.02. Following the transaction, the chairman now owns 1,566,484 shares in the company, valued at approximately $164,621,803.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 13.00% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of Walt Disney Company (The) during the fourth quarter worth approximately $110,000. Lee Financial Co increased its position in shares of Walt Disney Company (The) by 7.6% in the second quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock worth $112,000 after buying an additional 74 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of Walt Disney Company (The) during the first quarter worth approximately $144,000. BDO Wealth Advisors LLC acquired a new position in shares of Walt Disney Company (The) during the second quarter worth approximately $153,000. Finally, Feltz Wealth PLAN Inc. acquired a new position in shares of Walt Disney Company (The) during the first quarter worth approximately $173,000. 62.42% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on the company. 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. FBR & Co decreased their target price on Walt Disney Company (The) from $114.00 to $112.00 and set a “mkt perform” rating on the stock in a research report on Wednesday. BidaskClub lowered Walt Disney Company (The) from a “buy” rating to a “hold” rating in a research report on Wednesday. Jefferies Group LLC reiterated a “hold” rating and set a $110.00 target price on shares of Walt Disney Company (The) in a research report on Wednesday. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $120.00 target price (down previously from $125.00) on shares of Walt Disney Company (The) in a research report on Wednesday. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $115.64.

Walt Disney Company (DIS) opened at 102.83 on Thursday. The stock has a 50 day moving average price of $106.20 and a 200 day moving average price of $109.38. The stock has a market cap of $160.92 billion, a PE ratio of 17.93 and a beta of 1.40. Walt Disney Company has a 52 week low of $90.32 and a 52 week high of $116.10.

Walt Disney Company (The) (NYSE:DIS) last issued its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. The firm had revenue of $14.24 billion during the quarter, compared to the consensus estimate of $14.44 billion. Walt Disney Company (The) had a return on equity of 19.81% and a net margin of 16.63%. Walt Disney Company (The)’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.62 earnings per share. On average, equities analysts predict that Walt Disney Company will post $5.90 earnings per share for the current year.

The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, July 27th. Investors of record on Monday, July 10th were issued a $0.78 dividend. The ex-dividend date of this dividend was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio is currently 27.18%.

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Walt Disney Company (The) Company Profile

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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