Walt Disney (DIS) Sees Unusually-High Trading Volume Following Analyst Upgrade
Shares of Walt Disney Co (NYSE:DIS) saw strong trading volume on Monday after BTIG Research upgraded the stock from a sell rating to a neutral rating. 22,572,870 shares changed hands during trading, an increase of 27% from the previous session’s volume of 17,706,936 shares.The stock last traded at $131.99 and had previously closed at $130.06.
A number of other research analysts also recently commented on the company. Zacks Investment Research downgraded Walt Disney from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. Rosenblatt Securities reiterated a “buy” rating and issued a $150.00 target price on shares of Walt Disney in a report on Monday, April 8th. UBS Group set a $128.00 price target on Walt Disney and gave the stock a “buy” rating in a report on Friday. Bank of America set a $144.00 price target on Walt Disney and gave the company a “buy” rating in a research report on Friday. Finally, BMO Capital Markets raised their target price on Walt Disney from $109.00 to $114.00 and gave the company a “market perform” rating in a research report on Thursday, February 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Walt Disney currently has an average rating of “Buy” and an average target price of $129.67.
In other news, EVP Zenia B. Mucha sold 33,000 shares of Walt Disney stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $128.88, for a total transaction of $4,253,040.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brent Woodford sold 2,000 shares of Walt Disney stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $114.35, for a total value of $228,700.00. Following the sale, the executive vice president now owns 26,517 shares of the company’s stock, valued at approximately $3,032,218.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,042 shares of company stock valued at $4,713,677. Corporate insiders own 0.36% of the company’s stock.
The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 0.92. The company has a market capitalization of $193.89 billion, a P/E ratio of 18.65, a P/E/G ratio of 3.22 and a beta of 0.91.
Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 EPS for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.27. The business had revenue of $15.30 billion for the quarter, compared to analysts’ expectations of $15.20 billion. Walt Disney had a return on equity of 20.50% and a net margin of 18.46%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.89 EPS. Analysts predict that Walt Disney Co will post 6.88 EPS for the current year.
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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