Somewhat Positive News Coverage Very Unlikely to Effect Walt Disney (DIS) Shares Price

Somewhat Positive News Coverage Very Unlikely to Effect Walt Disney (DIS) Shares Price

News stories about Walt Disney (NYSE:DIS) have trended somewhat positive on Thursday, according to AlphaOne Sentiment Analysis. The research firm, a unit of Accern, identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Walt Disney earned a coverage optimism score of 0.17 on AlphaOne’s scale. AlphaOne also gave headlines about the entertainment giant an impact score of 23 out of 100, indicating that recent media coverage is very unlikely to have an effect on the stock’s share price in the next few days.

These are some of the headlines that may have impacted Alpha One Sentiment Analysis’s scoring:

Several brokerages have recently issued reports on DIS. Morgan Stanley upgraded Walt Disney from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, February 8th. Macquarie reiterated a “neutral” rating on shares of Walt Disney in a research note on Wednesday, May 10th. FBR & Co lifted their price objective on Walt Disney from $113.00 to $116.00 and gave the company a “mkt perform” rating in a research note on Friday, April 7th. Drexel Hamilton reiterated a “hold” rating on shares of Walt Disney in a research note on Tuesday, March 21st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Walt Disney in a research note on Wednesday, February 8th. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have assigned a buy rating to the company. Walt Disney currently has an average rating of “Hold” and an average price target of $116.49.

Walt Disney (NYSE:DIS) traded up 0.25% during mid-day trading on Thursday, hitting $108.21. The company had a trading volume of 5,907,363 shares. The firm has a market cap of $169.34 billion, a P/E ratio of 18.87 and a beta of 1.25. Walt Disney has a 52-week low of $90.32 and a 52-week high of $116.10. The stock’s 50 day moving average price is $111.07 and its 200 day moving average price is $108.49.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 9th. The entertainment giant reported $1.50 EPS for the quarter, beating the consensus estimate of $1.45 by $0.05. Walt Disney had a return on equity of 19.43% and a net margin of 16.29%. The firm had revenue of $13.34 billion for the quarter, compared to analysts’ expectations of $13.44 billion. During the same period last year, the firm earned $1.36 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts predict that Walt Disney will post $5.95 EPS for the current fiscal year.

In other news, EVP Brent Woodford sold 2,000 shares of Walt Disney stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of $114.50, for a total transaction of $229,000.00. Following the transaction, the executive vice president now directly owns 27,745 shares in the company, valued at approximately $3,176,802.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Susan E. Arnold sold 12,143 shares of Walt Disney stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $109.02, for a total value of $1,323,829.86. Following the transaction, the director now owns 48,673 shares in the company, valued at $5,306,330.46. The disclosure for this sale can be found here. 13.00% of the stock is owned by company insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “DIS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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