Walt Disney Co (NYSE:DIS) EVP Zenia B. Mucha sold 49,561 shares of the stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $140.00, for a total transaction of $6,938,540.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of NYSE:DIS traded up $1.32 on Friday, reaching $144.88. The company’s stock had a trading volume of 8,508,659 shares, compared to its average volume of 8,983,353. The business has a 50-day moving average price of $138.54. Walt Disney Co has a 52-week low of $100.35 and a 52-week high of $145.43. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 0.36. The company has a market cap of $260.74 billion, a PE ratio of 20.46, a P/E/G ratio of 4.37 and a beta of 0.96.
Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.02. The business had revenue of $14.92 billion during the quarter, compared to analysts’ expectations of $14.53 billion. Walt Disney had a net margin of 22.55% and a return on equity of 15.67%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.84 earnings per share. On average, sell-side analysts forecast that Walt Disney Co will post 6.57 earnings per share for the current year.
Institutional investors have recently modified their holdings of the business. Vanguard Group Inc grew its position in shares of Walt Disney by 0.5% in the third quarter. Vanguard Group Inc now owns 103,729,219 shares of the entertainment giant’s stock valued at $12,130,095,000 after purchasing an additional 553,232 shares during the last quarter. BlackRock Inc. boosted its position in Walt Disney by 6.5% during the fourth quarter. BlackRock Inc. now owns 92,790,946 shares of the entertainment giant’s stock worth $10,174,527,000 after acquiring an additional 5,639,712 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in Walt Disney by 14,778.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 53,195,820 shares of the entertainment giant’s stock worth $485,000 after acquiring an additional 52,838,274 shares during the last quarter. FMR LLC boosted its position in Walt Disney by 37.2% during the first quarter. FMR LLC now owns 33,901,641 shares of the entertainment giant’s stock worth $3,764,098,000 after acquiring an additional 9,190,235 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Walt Disney by 4.5% during the fourth quarter. Northern Trust Corp now owns 21,001,994 shares of the entertainment giant’s stock worth $2,302,868,000 after acquiring an additional 896,051 shares during the last quarter. 64.14% of the stock is owned by institutional investors.
A number of brokerages have recently issued reports on DIS. Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. ValuEngine upgraded shares of Yandex from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Rosenblatt Securities assumed coverage on shares of FOX in a research report on Monday, May 6th. They issued a “sell” rating and a $33.00 price target on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a GBX 4,000 ($52.27) price objective on shares of in a research report on Thursday, June 13th. Finally, Cowen set a $27.00 target price on Schnitzer Steel Industries and gave the stock a “hold” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the company. Walt Disney currently has a consensus rating of “Buy” and an average target price of $144.89.
Walt Disney Company Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
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