Walt Disney Sees Unusually Large Options Volume (NYSE:DIS)

Posted by Defense World Staff on May 25th, 2023

The Walt Disney Company (NYSE:DIS – Get Rating) was the target of some unusual options trading activity on Wednesday. Stock investors acquired 199,955 put options on the company. This is an increase of approximately 47% compared to the typical volume of 135,795 put options.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of recent research reports. Wolfe Research cut shares of Walt Disney from an “outperform” rating to a “peer perform” rating in a research note on Friday, May 12th. Bank of America lifted their price target on shares of Walt Disney from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. Morgan Stanley lifted their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, May 8th. Macquarie cut shares of Walt Disney from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $125.00 to $103.00 in a research report on Friday, May 19th. Finally, The Goldman Sachs Group lifted their price target on shares of Walt Disney from $119.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.65.

Walt Disney Stock Down 0.8 %

Walt Disney stock opened at $89.07 on Thursday. The firm has a market capitalization of $162.76 billion, a PE ratio of 39.59, a P/E/G ratio of 2.01 and a beta of 1.29. The company’s 50-day moving average is $97.33 and its 200-day moving average is $97.72. Walt Disney has a fifty-two week low of $84.07 and a fifty-two week high of $126.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.01 and a quick ratio of 0.94.

Walt Disney (NYSE:DIS – Get Rating) last released its quarterly earnings data on Wednesday, May 10th. The entertainment giant reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.04. The company had revenue of $21.82 billion for the quarter, compared to analyst estimates of $21.82 billion. Walt Disney had a net margin of 4.74% and a return on equity of 6.41%. During the same period in the previous year, the business earned $1.08 EPS. Sell-side analysts anticipate that Walt Disney will post 3.84 earnings per share for the current year.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,145 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $99.16, for a total value of $113,538.20. Following the completion of the sale, the executive vice president now owns 29,138 shares of the company’s stock, valued at $2,889,324.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by company insiders.

Institutional Trading of Walt Disney

Hedge funds and other institutional investors have recently modified their holdings of the stock. NewSquare Capital LLC boosted its holdings in Walt Disney by 805.9% in the 4th quarter. NewSquare Capital LLC now owns 308 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 274 shares during the period. Dark Forest Capital Management LP bought a new stake in shares of Walt Disney during the 1st quarter worth approximately $28,000. TD Capital Management LLC bought a new stake in shares of Walt Disney during the 3rd quarter worth approximately $29,000. Luken Investment Analytics LLC bought a new stake in shares of Walt Disney during the 4th quarter worth approximately $29,000. Finally, Worth Asset Management LLC bought a new stake in shares of Walt Disney during the 1st quarter worth approximately $29,000. Institutional investors own 62.22% of the company’s stock.

About Walt Disney

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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.