The Walt Disney Company (NYSE:DIS) Short Interest Down 31.7% in January

The Walt Disney Company (NYSE:DISGet Free Report) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 18,470,000 shares, a drop of 31.7% from the January 15th total of 27,050,000 shares. Based on an average trading volume of 13,970,000 shares, the days-to-cover ratio is currently 1.3 days.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DIS. StockNews.com upgraded Walt Disney from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Rosenblatt Securities dropped their target price on Walt Disney from $114.00 to $112.00 and set a “buy” rating on the stock in a research report on Friday, December 22nd. Barclays lifted their target price on Walt Disney from $88.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 8th. UBS Group lowered their price objective on Walt Disney from $122.00 to $110.00 and set a “buy” rating for the company in a report on Monday, October 16th. Finally, The Goldman Sachs Group lowered their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $109.67.

Get Our Latest Analysis on DIS

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 18,788 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $92.99, for a total transaction of $1,747,096.12. Following the completion of the transaction, the executive vice president now directly owns 33,586 shares of the company’s stock, valued at approximately $3,123,162.14. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Sonia L. Coleman sold 898 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total value of $80,918.78. Following the completion of the transaction, the executive vice president now directly owns 1,861 shares of the company’s stock, valued at approximately $167,694.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brent Woodford sold 18,788 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $92.99, for a total value of $1,747,096.12. Following the sale, the executive vice president now owns 33,586 shares in the company, valued at approximately $3,123,162.14. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Institutional Trading of Walt Disney

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Walt Disney by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 149,887,754 shares of the entertainment giant’s stock valued at $12,148,402,000 after acquiring an additional 994,575 shares in the last quarter. State Street Corp grew its stake in Walt Disney by 3.5% in the 2nd quarter. State Street Corp now owns 73,142,473 shares of the entertainment giant’s stock valued at $6,530,160,000 after buying an additional 2,482,492 shares during the last quarter. Morgan Stanley grew its stake in Walt Disney by 13.5% in the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after buying an additional 5,499,014 shares during the last quarter. Geode Capital Management LLC grew its stake in Walt Disney by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 33,246,496 shares of the entertainment giant’s stock valued at $2,959,170,000 after buying an additional 751,034 shares during the last quarter. Finally, Trian Fund Management L.P. grew its stake in Walt Disney by 411.6% in the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after buying an additional 26,443,257 shares during the last quarter. Institutional investors and hedge funds own 61.17% of the company’s stock.

Walt Disney Stock Up 0.8 %

Shares of DIS opened at $109.31 on Tuesday. The company has a 50-day simple moving average of $93.79 and a 200-day simple moving average of $88.50. The firm has a market capitalization of $200.51 billion, a P/E ratio of 67.48, a P/E/G ratio of 1.80 and a beta of 1.39. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. Walt Disney has a 52 week low of $78.73 and a 52 week high of $112.77.

Walt Disney (NYSE:DISGet Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.25. The firm had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.99 earnings per share. On average, equities research analysts expect that Walt Disney will post 4.63 earnings per share for the current year.

Walt Disney Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be issued a dividend of $0.45 per share. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio is presently 18.52%.

About Walt Disney

(Get Free Report)

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.

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