Traders Purchase High Volume of Walt Disney Call Options (NYSE:DIS)

The Walt Disney Company (NYSE:DIS) was the target of some unusual options trading on Thursday. Investors bought 220,269 call options on the stock. This is an increase of approximately 132% compared to the average volume of 94,757 call options.

Analyst Ratings Changes

A number of research firms have issued reports on DIS. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Loop Capital dropped their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Morgan Stanley lowered their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Piper Sandler began coverage on Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $110.00 price objective on shares of Walt Disney in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $122.68.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DIS. Cladis Investment Advisory LLC boosted its holdings in shares of Walt Disney by 8.0% during the 3rd quarter. Cladis Investment Advisory LLC now owns 18,234 shares of the entertainment giant’s stock worth $1,754,000 after buying an additional 1,345 shares during the period. Coastwise Capital Group LLC boosted its stake in shares of Walt Disney by 17.3% in the 3rd quarter. Coastwise Capital Group LLC now owns 6,852 shares of the entertainment giant’s stock valued at $659,000 after purchasing an additional 1,009 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in shares of Walt Disney by 139,052.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 29,222 shares of the entertainment giant’s stock valued at $2,811,000 after purchasing an additional 29,201 shares during the last quarter. Atom Investors LP bought a new position in Walt Disney during the third quarter worth $352,000. Finally, Kestra Investment Management LLC bought a new position in Walt Disney during the third quarter worth $255,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Up 2.7 %

DIS stock traded up $2.99 during midday trading on Friday, hitting $112.11. The company’s stock had a trading volume of 3,743,105 shares, compared to its average volume of 10,877,873. The stock has a market capitalization of $203.32 billion, a P/E ratio of 43.12, a PEG ratio of 1.67 and a beta of 1.40. The company’s fifty day moving average price is $95.03 and its 200 day moving average price is $96.77. Walt Disney has a twelve month low of $83.91 and a twelve month high of $123.74. 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 Company Profile

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.