Walt Disney Co (NYSE:DIS) was the target of unusually large options trading on Monday. Traders purchased 8,448 put options on the stock. This represents an increase of 748% compared to the typical daily volume of 996 put options.
In other news, EVP Brent Woodford sold 2,000 shares of the firm’s stock in a transaction on Monday, January 30th. The stock was sold at an average price of $110.50, for a total value of $221,000.00. Following the transaction, the executive vice president now directly owns 27,745 shares in the company, valued at approximately $3,065,822.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.00% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in the company. Charter Trust Co. boosted its stake in shares of Walt Disney by 9.4% in the third quarter. Charter Trust Co. now owns 35,962 shares of the entertainment giant’s stock worth $3,340,000 after buying an additional 3,095 shares during the period. Johanson Financial Advisors Inc. increased its position in shares of Walt Disney by 2.0% in the third quarter. Johanson Financial Advisors Inc. now owns 4,102 shares of the entertainment giant’s stock valued at $380,000 after buying an additional 82 shares in the last quarter. BTR Capital Management Inc. increased its position in shares of Walt Disney by 9.4% in the third quarter. BTR Capital Management Inc. now owns 118,367 shares of the entertainment giant’s stock valued at $10,992,000 after buying an additional 10,205 shares in the last quarter. Smithbridge Asset Management Inc. DE increased its position in shares of Walt Disney by 1.0% in the third quarter. Smithbridge Asset Management Inc. DE now owns 18,360 shares of the entertainment giant’s stock valued at $1,705,000 after buying an additional 185 shares in the last quarter. Finally, National Pension Service increased its position in shares of Walt Disney by 8.7% in the third quarter. National Pension Service now owns 964,063 shares of the entertainment giant’s stock valued at $89,523,000 after buying an additional 77,253 shares in the last quarter. Institutional investors and hedge funds own 58.65% of the company’s stock.
Several research analysts have weighed in on the company. Guggenheim reiterated a “buy” rating and set a $128.00 target price on shares of Walt Disney in a report on Tuesday. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $124.00 target price on shares of Walt Disney in a report on Tuesday. Goldman Sachs Group Inc set a $138.00 target price on Walt Disney and gave the stock a “buy” rating in a report on Tuesday. Vetr upgraded Walt Disney from a “hold” rating to a “buy” rating and set a $118.01 target price on the stock in a report on Monday. Finally, FBR & Co lifted their target price on Walt Disney from $113.00 to $116.00 and gave the stock a “mkt perform” rating in a report on Friday, April 7th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $116.38.
Shares of Walt Disney (NYSE:DIS) traded up 0.41% on Thursday, hitting $113.50. 4,659,342 shares of the stock traded hands. The firm has a market cap of $179.47 billion, a P/E ratio of 20.49 and a beta of 1.25. The stock has a 50-day moving average price of $111.82 and a 200 day moving average price of $103.86. Walt Disney has a 52 week low of $90.32 and a 52 week high of $114.25.
Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, February 7th. The entertainment giant reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.07. The business had revenue of $14.78 billion for the quarter, compared to analysts’ expectations of $15.30 billion. Walt Disney had a net margin of 16.29% and a return on equity of 19.43%. The business’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.63 earnings per share. Equities research analysts predict that Walt Disney will post $5.95 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “Walt Disney Target of Unusually Large Options Trading (DIS)” was originally posted by sleekmoney and is the property of of sleekmoney. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://sleekmoney.com/walt-disney-target-of-unusually-large-options-trading-dis/1739263.html.
Walt Disney 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.
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/walt-disney-target-of-unusually-large-options-trading-dis/1739263.html
Receive News & Ratings for Walt Disney Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney Co and related companies with MarketBeat.com's FREE daily email newsletter.