Traders Purchase Large Volume of Walt Disney Company (The) Call Options (DIS)

Walt Disney Company (The) (NYSE:DIS) saw unusually large options trading activity on Monday. Stock investors acquired 19,417 call options on the stock. This represents an increase of approximately 173% compared to the typical daily volume of 7,121 call options.

Shares of Walt Disney Company (NYSE DIS) opened at 102.83 on Thursday. The stock has a market cap of $160.92 billion, a PE ratio of 17.93 and a beta of 1.40. The company’s 50-day moving average price is $106.20 and its 200 day moving average price is $109.38. Walt Disney Company has a 1-year low of $90.32 and a 1-year high of $116.10.

Walt Disney Company (The) (NYSE:DIS) last issued its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. The firm had revenue of $14.24 billion during the quarter, compared to the consensus estimate of $14.44 billion. Walt Disney Company (The) had a return on equity of 19.81% and a net margin of 16.63%. Walt Disney Company (The)’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.62 earnings per share. Equities analysts forecast that Walt Disney Company will post $5.90 EPS for the current fiscal year.

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, July 27th. Shareholders of record on Monday, July 10th were issued a dividend of $0.78 per share. The ex-dividend date was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio is presently 27.18%.

Several equities analysts recently weighed in on DIS shares. Morgan Stanley increased their price target on shares of Walt Disney Company (The) from $124.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, April 20th. Pivotal Research reiterated a “sell” rating and issued a $85.00 price target on shares of Walt Disney Company (The) in a report on Sunday, April 23rd. Loop Capital downgraded shares of Walt Disney Company (The) from a “buy” rating to a “hold” rating and cut their price target for the stock from $115.00 to $114.44 in a report on Monday, April 24th. Needham & Company LLC reiterated a “hold” rating on shares of Walt Disney Company (The) in a report on Tuesday, April 25th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and issued a $138.00 price target on shares of Walt Disney Company (The) in a report on Wednesday, April 26th. Six investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $115.64.

In related news, Chairman Robert A. Iger sold 797,578 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $105.09, for a total value of $83,817,472.02. Following the transaction, the chairman now owns 1,566,484 shares in the company, valued at approximately $164,621,803.56. The sale was disclosed in a filing with the SEC, which is available through this link. 13.00% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HM Capital Management LLC increased its position in Walt Disney Company (The) by 0.5% in the first quarter. HM Capital Management LLC now owns 2,690 shares of the entertainment giant’s stock worth $305,000 after buying an additional 14 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in Walt Disney Company (The) during the first quarter worth approximately $1,270,000. Triangle Securities Wealth Management increased its position in Walt Disney Company (The) by 0.5% in the first quarter. Triangle Securities Wealth Management now owns 28,049 shares of the entertainment giant’s stock worth $3,180,000 after buying an additional 135 shares in the last quarter. Kentucky Retirement Systems purchased a new position in Walt Disney Company (The) during the fourth quarter worth approximately $11,073,000. Finally, Davidson Kempner Capital Management LP purchased a new position in Walt Disney Company (The) during the fourth quarter worth approximately $20,844,000. 62.42% of the stock is currently owned by institutional investors.

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About Walt Disney Company (The)

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.

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