Price Action Don’t Lie: Could Walt Disney Co See a Reversal After This Very Strong Session?

Price Action Don't Lie: Could Walt Disney Co See a Reversal After This Very Strong Session?

The stock of Walt Disney Co (NYSE:DIS) is a huge mover today! About 4.00M shares traded hands. Walt Disney Co (NYSE:DIS) has declined 6.45% since March 3, 2016 and is downtrending. It has underperformed by 14.79% the S&P500.
The move comes after 8 months positive chart setup for the $149.07 billion company. It was reported on Oct, 6 by Barchart.com. We have $147.71 PT which if reached, will make NYSE:DIS worth $87.95B more.

Analysts await Walt Disney Co (NYSE:DIS) to report earnings on November, 3. They expect $1.19 EPS, down 0.83% or $0.01 from last year’s $1.2 per share. DIS’s profit will be $1.91B for 19.52 P/E if the $1.19 EPS becomes a reality. After $1.62 actual EPS reported by Walt Disney Co for the previous quarter, Wall Street now forecasts -26.54% negative EPS growth.

Walt Disney Co (NYSE:DIS) Ratings Coverage

Out of 27 analysts covering The Walt Disney Company (NYSE:DIS), 13 rate it a “Buy”, 1 “Sell”, while 13 “Hold”. This means 48% are positive. The Walt Disney Company has been the topic of 60 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was downgraded by BMO Capital Markets on Wednesday, August 5 to “Market Perform”. The rating was maintained by Macquarie Research with “Outperform” on Tuesday, September 1. On Friday, August 7 the stock rating was maintained by Argus Research with “Buy”. The stock has “Hold” rating given by Deutsche Bank on Thursday, February 18. The rating was maintained by Guggenheim with “Buy” on Wednesday, August 5. The stock of Walt Disney Co (NYSE:DIS) has “Hold” rating given on Friday, August 28 by Cowen & Co. FBR Capital maintained the shares of DIS in a report on Friday, August 28 with “Buy” rating. On Thursday, October 29 the stock rating was maintained by Topeka Capital Markets with “Buy”. Pivotal Research initiated the shares of DIS in a report on Tuesday, October 20 with “Hold” rating. FBR Capital downgraded Walt Disney Co (NYSE:DIS) on Tuesday, July 26 to “Market Perform” rating.

According to Zacks Investment Research, “The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media.”

Insitutional Activity: The institutional sentiment decreased to 1.04 in 2016 Q2. Its down 0.13, from 1.17 in 2016Q1. The ratio is negative, as 66 funds sold all Walt Disney Co shares owned while 622 reduced positions. 111 funds bought stakes while 605 increased positions. They now own 909.47 million shares or 6.26% less from 970.21 million shares in 2016Q1.
Old Point Trust Fincl Serv N A holds 0.18% or 2,954 shares in its portfolio. Northwest Counselors Ltd Liability Com, a Oregon-based fund reported 19,855 shares. Valmark Advisers Inc has invested 0.01% of its portfolio in Walt Disney Co (NYSE:DIS). Finemark National Bank & Tru, a Florida-based fund reported 74,068 shares. The Illinois-based Kemper Master Retirement Trust has invested 1.54% in Walt Disney Co (NYSE:DIS). Peoples Financial Services Corp accumulated 7,047 shares or 0.43% of the stock. Atalanta Sosnoff Capital Ltd has 1.05% invested in the company for 320,871 shares. Inr Advisory Services Lc reported 27 shares or 0% of all its holdings. Westchester Capital Mngmt has invested 3.42% of its portfolio in Walt Disney Co (NYSE:DIS). South Dakota Investment Council has 0.08% invested in the company for 37,216 shares. World Asset Mngmt holds 0.56% of its portfolio in Walt Disney Co (NYSE:DIS) for 149,436 shares. Outfitter Advsrs last reported 20,621 shares in the company. Moreover, Beese Fulmer Inv Mngmt Incorporated has 2.81% invested in Walt Disney Co (NYSE:DIS) for 101,118 shares. Wallington Asset Limited Liability Com accumulated 2.6% or 85,047 shares. Janney Montgomery Scott Ltd Llc accumulated 532,665 shares or 0.85% of the stock.

Insider Transactions: Since April 18, 2016, the stock had 1 buy, and 2 insider sales for $267,560 net activity. WOODFORD BRENT also sold $266,250 worth of Walt Disney Co (NYSE:DIS) on Monday, May 9. Another trade for 980 shares valued at $99,940 was made by LAGOMASINO MARIA ELENA on Thursday, May 12.

More notable recent Walt Disney Co (NYSE:DIS) news were published by: Marketwatch.com which released: “Netflix said to be in Disney’s crosshairs, and analysts see a streaming rationale” on October 03, 2016, also Fool.com with their article: “Better Buy: The Walt Disney Company vs. The Coca-Cola Company” published on October 03, 2016, Bloomberg.com published: “Disney Is Working With an Adviser on Potential Twitter Bid” on September 26, 2016. More interesting news about Walt Disney Co (NYSE:DIS) were released by: Fool.com and their article: “The 3 Biggest Opportunities for Walt Disney Co” published on September 06, 2016 as well as Usnews.com‘s news article titled: “Walt Disney Co Wants to Scan Your Children’s Fingers (DIS)” with publication date: September 07, 2016.

DIS Company Profile

The Walt Disney Company, incorporated on July 28, 1995, is a diversified entertainment company. The Firm operates through five business divisions: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive.

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