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

The Walt Disney Company (NYSE:DIS) was the recipient of unusually large options trading activity on Thursday. Traders purchased 220,269 call options on the stock. This is an increase of approximately 132% compared to the typical volume of 94,757 call options.

Walt Disney Stock Performance

DIS stock traded up $8.95 during midday trading on Thursday, reaching $111.67. 24,923,523 shares of the company were exchanged, compared to its average volume of 10,808,291. The firm has a market capitalization of $202.52 billion, a price-to-earnings ratio of 43.52, a price-to-earnings-growth ratio of 1.64 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. Walt Disney has a one year low of $83.91 and a one year high of $123.74. The business has a 50-day moving average price of $94.62 and a two-hundred day moving average price of $96.69.

Institutional Trading of Walt Disney

Institutional investors have recently bought and sold shares of the business. ESL Trust Services LLC bought a new stake in shares of Walt Disney during the 1st quarter worth approximately $31,000. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney during the 2nd quarter worth $32,000. Mascoma Wealth Management LLC lifted its position in shares of Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after buying an additional 122 shares during the last quarter. First PREMIER Bank boosted its stake in Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after buying an additional 256 shares in the last quarter. Finally, Iron Horse Wealth Management LLC grew its position in Walt Disney by 148.7% in the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after acquiring an additional 333 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on DIS. JPMorgan Chase & Co. lowered their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Macquarie dropped their target price on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. UBS Group cut their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $110.00 price target on shares of Walt Disney in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $119.14.

About Walt Disney

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.