Traders Buy Walt Disney (DIS) on Weakness Following Insider Selling

Traders bought shares of Walt Disney Co (NYSE:DIS) on weakness during trading hours on Monday following insider selling activity. $270.60 million flowed into the stock on the tick-up and $166.83 million flowed out of the stock on the tick-down, for a money net flow of $103.77 million into the stock. Of all stocks tracked, Walt Disney had the 10th highest net in-flow for the day. Walt Disney traded down ($2.07) for the day and closed at $109.44Specifically, EVP Alan N. Braverman sold 1,153 shares of the business’s stock in a transaction on Friday, December 28th. The shares were sold at an average price of $107.70, for a total value of $124,178.10. Following the sale, the executive vice president now owns 106,390 shares in the company, valued at approximately $11,458,203. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brent Woodford sold 723 shares of the business’s stock in a transaction on Wednesday, December 19th. The shares were sold at an average price of $110.10, for a total transaction of $79,602.30. Following the completion of the sale, the executive vice president now owns 23,034 shares in the company, valued at approximately $2,536,043.40. The disclosure for this sale can be found here. Insiders have sold 14,648 shares of company stock worth $1,616,684 in the last quarter. Corporate insiders own 0.36% of the company’s stock.

Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a research note on Thursday, January 17th. BMO Capital Markets upped their price target on shares of Walt Disney from $109.00 to $114.00 and gave the stock a “market perform” rating in a research report on Thursday, February 7th. ValuEngine upgraded shares of Walt Disney from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. B. Riley reiterated a “neutral” rating on shares of Walt Disney in a research report on Friday, November 9th. Finally, Argus upped their price target on shares of Walt Disney from $129.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, November 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $124.84.

The stock has a market capitalization of $166.24 billion, a PE ratio of 15.46, a PEG ratio of 2.67 and a beta of 0.96. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.00.



Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.27. The business had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $15.20 billion. Walt Disney had a net margin of 18.46% and a return on equity of 20.50%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 EPS. Equities research analysts expect that Walt Disney Co will post 7.11 earnings per share for the current year.

A number of large investors have recently made changes to their positions in DIS. Litman Gregory Asset Management LLC bought a new stake in shares of Walt Disney in the 4th quarter valued at about $25,000. Crewe Advisors LLC increased its stake in shares of Walt Disney by 55.6% in the 4th quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock valued at $31,000 after acquiring an additional 100 shares during the last quarter. Portfolio Solutions LLC bought a new stake in shares of Walt Disney in the 4th quarter valued at about $43,000. Contravisory Investment Management Inc. increased its stake in shares of Walt Disney by 176.4% in the 4th quarter. Contravisory Investment Management Inc. now owns 409 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 261 shares during the last quarter. Finally, Watermark Asset Management Inc. increased its stake in shares of Walt Disney by 52.2% in the 4th quarter. Watermark Asset Management Inc. now owns 446 shares of the entertainment giant’s stock valued at $49,000 after acquiring an additional 153 shares during the last quarter. 66.58% of the stock is owned by hedge funds and other institutional investors.

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About Walt Disney (NYSE:DIS)

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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