Traders Sell Walt Disney Company (The) (DIS) on Strength on Analyst Downgrade

Investors sold shares of Walt Disney Company (The) (NYSE:DIS) on strength during trading hours on Wednesday after Morgan Stanley lowered their price target on the stock from $130.00 to $120.00. $107.36 million flowed into the stock on the tick-up and $146.77 million flowed out of the stock on the tick-down, for a money net flow of $39.41 million out of the stock. Of all stocks tracked, Walt Disney Company (The) had the 12th highest net out-flow for the day. Walt Disney Company (The) traded up $1.22 for the day and closed at $99.03

A number of other research firms also recently issued reports on DIS. Guggenheim reissued a “buy” rating and set a $122.00 target price on shares of Walt Disney Company (The) in a research report on Tuesday, September 5th. Jefferies Group LLC reissued a “hold” rating and set a $103.00 target price (down previously from $110.00) on shares of Walt Disney Company (The) in a research report on Friday, October 6th. BidaskClub downgraded shares of Walt Disney Company (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. BTIG Research reaffirmed a “sell” rating on shares of Walt Disney Company (The) in a research report on Monday, September 25th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Walt Disney Company (The) in a research report on Tuesday, September 12th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Walt Disney Company (The) currently has an average rating of “Hold” and an average price target of $113.40.

In other Walt Disney Company (The) news, Director Maria Elena Lagomasino purchased 976 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were bought at an average price of $102.34 per share, for a total transaction of $99,883.84. Following the purchase, the director now owns 7,513 shares in the company, valued at approximately $768,880.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 13.00% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in DIS. Janus Henderson Group PLC lifted its stake in shares of Walt Disney Company (The) by 929.6% in the 2nd quarter. Janus Henderson Group PLC now owns 5,410,942 shares of the entertainment giant’s stock valued at $574,907,000 after purchasing an additional 4,885,398 shares during the period. AJO LP lifted its stake in shares of Walt Disney Company (The) by 12,331.6% in the 2nd quarter. AJO LP now owns 3,300,335 shares of the entertainment giant’s stock valued at $350,661,000 after purchasing an additional 3,273,787 shares during the period. Vanguard Group Inc. lifted its stake in shares of Walt Disney Company (The) by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after purchasing an additional 2,131,932 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Walt Disney Company (The) by 247.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,644,700 shares of the entertainment giant’s stock valued at $280,999,000 after purchasing an additional 1,884,600 shares during the period. Finally, Nordea Investment Management AB lifted its stake in shares of Walt Disney Company (The) by 48.7% in the 2nd quarter. Nordea Investment Management AB now owns 5,313,513 shares of the entertainment giant’s stock valued at $564,561,000 after purchasing an additional 1,740,128 shares during the period. 61.41% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Company (The) (NYSE:DIS) last issued its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The business had revenue of $14.24 billion during the quarter, compared to analyst estimates of $14.44 billion. During the same period last year, the business posted $1.62 earnings per share. Walt Disney Company (The)’s quarterly revenue was down .3% compared to the same quarter last year.

ILLEGAL ACTIVITY NOTICE: “Traders Sell Walt Disney Company (The) (DIS) on Strength on Analyst Downgrade” was originally reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://sportsperspectives.com/2017/11/01/traders-sell-walt-disney-company-the-dis-on-strength-on-analyst-downgrade.html.

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.

Receive News & Ratings for Walt Disney Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply