Dish Network Corp. (NASDAQ:DISH) insider Carl E. Vogel sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $53.54, for a total value of $1,606,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Dish Network Corp. (NASDAQ:DISH) traded up 1.07% on Wednesday, hitting $54.93. The stock had a trading volume of 2,115,664 shares. The firm has a 50-day moving average of $51.34 and a 200 day moving average of $50.06. Dish Network Corp. has a 1-year low of $38.85 and a 1-year high of $65.49. The company has a market capitalization of $25.53 billion, a PE ratio of 29.34 and a beta of 0.79.
Dish Network Corp. (NASDAQ:DISH) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.17. Dish Network Corp. had a net margin of 5.75% and a return on equity of 42.01%. The firm had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts anticipate that Dish Network Corp. will post $3.08 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in Dish Network Corp. by 2.9% in the second quarter. JPMorgan Chase & Co. now owns 22,728,671 shares of the company’s stock worth $1,190,983,000 after buying an additional 636,960 shares during the last quarter. Dodge & Cox boosted its stake in shares of Dish Network Corp. by 23.7% in the first quarter. Dodge & Cox now owns 14,120,430 shares of the company’s stock valued at $653,211,000 after buying an additional 2,707,650 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Dish Network Corp. by 2.1% in the second quarter. Vanguard Group Inc. now owns 9,645,533 shares of the company’s stock valued at $505,426,000 after buying an additional 195,689 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Dish Network Corp. by 153,552.3% in the second quarter. Franklin Resources Inc. now owns 6,914,355 shares of the company’s stock valued at $362,313,000 after buying an additional 6,909,855 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of Dish Network Corp. by 1.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,429,903 shares of the company’s stock valued at $284,527,000 after buying an additional 63,853 shares in the last quarter. Hedge funds and other institutional investors own 45.34% of the company’s stock.
DISH has been the topic of several research analyst reports. Zacks Investment Research upgraded Dish Network Corp. from a “hold” rating to a “strong-buy” rating and set a $60.00 price objective on the stock in a research note on Wednesday, September 21st. Jefferies Group restated a “buy” rating and issued a $80.00 price objective on shares of Dish Network Corp. in a research note on Friday, August 26th. Moffett Nathanson lowered Dish Network Corp. from a “neutral” rating to a “sell” rating and set a $40.00 price objective on the stock. in a research note on Tuesday, June 28th. They noted that the move was a valuation call. Royal Bank Of Canada upped their price objective on Dish Network Corp. from $50.00 to $56.00 and gave the company a “sector perform” rating in a research note on Friday, July 22nd. Finally, Wells Fargo & Co. restated a “buy” rating and issued a $119.00 price objective on shares of Dish Network Corp. in a research note on Friday, June 3rd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $66.24.
Dish Network Corp. Company Profile
DISH Network Corporation is a holding company. The Company operates through two segments: DISH and Wireless. It offers Pay-TV services under the DISH brand and the Sling brand (collectively Pay-TV services). The DISH branded Pay-TV service consists of Federal Communications Commission (FCC) licenses authorizing it to use direct broadcast satellite (DBS) and Fixed Satellite Service (FSS) spectrum, its owned and leased satellites, receiver systems, third-party broadcast operations, customer service facilities, a leased fiber optic network, in-home service and call center operations, and certain other assets utilized in its operations.
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