Insider Selling: The Walt Disney Company (NYSE:DIS) CFO Sells 10,000 Shares of Stock

The Walt Disney Company (NYSE:DIS) CFO Christine M. Mccarthy sold 10,000 shares of the company’s stock in a transaction on Friday, January 14th. The shares were sold at an average price of $152.06, for a total value of $1,520,600.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

NYSE DIS traded down $3.50 during mid-day trading on Friday, reaching $151.94. The stock had a trading volume of 16,821,702 shares, compared to its average volume of 10,994,124. The Walt Disney Company has a 1 year low of $142.04 and a 1 year high of $203.02. The stock has a market cap of $276.17 billion, a PE ratio of 142.61, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. The company has a fifty day moving average price of $154.81 and a 200 day moving average price of $169.05. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.08 and a quick ratio of 1.04.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, November 10th. The entertainment giant reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.13). The company had revenue of $18.53 billion for the quarter, compared to analysts’ expectations of $18.85 billion. Walt Disney had a net margin of 2.96% and a return on equity of 4.86%. During the same quarter in the prior year, the firm posted ($0.20) earnings per share. As a group, equities research analysts expect that The Walt Disney Company will post 4.21 earnings per share for the current year.

A number of equities research analysts have recently commented on DIS shares. Loop Capital dropped their price target on Walt Disney from $205.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, November 29th. Tigress Financial increased their price objective on Walt Disney from $227.00 to $229.00 and gave the stock a “buy” rating in a report on Thursday. BMO Capital Markets decreased their price target on Walt Disney from $195.00 to $180.00 and set a “market perform” rating for the company in a research note on Thursday, November 11th. JPMorgan Chase & Co. decreased their price target on Walt Disney from $230.00 to $220.00 and set an “overweight” rating for the company in a research note on Thursday, November 11th. Finally, Daiwa Capital Markets initiated coverage on Walt Disney in a research note on Tuesday, September 21st. They set a “buy” rating and a $225.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $196.93.

Several hedge funds have recently modified their holdings of DIS. GeoWealth Management LLC bought a new stake in shares of Walt Disney during the 3rd quarter valued at $25,000. Core Alternative Capital bought a new stake in shares of Walt Disney during the 3rd quarter valued at $28,000. Penserra Capital Management LLC bought a new stake in shares of Walt Disney during the 2nd quarter valued at $29,000. Financial Insights Inc. bought a new position in Walt Disney in the 2nd quarter worth $37,000. Finally, Financial Enhancement Group LLC boosted its holdings in Walt Disney by 260.6% in the 2nd quarter. Financial Enhancement Group LLC now owns 238 shares of the entertainment giant’s stock worth $42,000 after buying an additional 172 shares during the period. 63.93% of the stock is owned by hedge funds and other institutional investors.

About Walt Disney

The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.

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Insider Buying and Selling by Quarter for Walt Disney (NYSE:DIS)

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