A company insider recently sold 3,000 shares of The Walt Disney Company [DIS]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. The Walt Disney Company shares valued at $357,090 were sold by WOODFORD BRENT on Aug 12. At $119.03 per share, WOODFORD BRENT sold 3,000 shares. The insider’s holdings dropped to 28,624 shares worth approximately $2.99 million following the completion of this transaction.

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Also, WOODFORD BRENT sold 226 shares, netting a total of over 29,945 in proceeds. Following the sale of shares at $132.50 each, the insider now holds 27,003 shares.

Before that, McCarthy Christine M had sold 15,342 shares from its account. In a trade valued at $2,324,927, the SEVP & Chief Financial Officer traded The Walt Disney Company shares for $151.54 each. Upon closing the transaction, the insider’s holdings decreased to 15,342 shares, worth approximately $17.31 million.

As published in a research note from Guggenheim on August 11, 2022, The Walt Disney Company [DIS] has been rated up from a Neutral to a Buy and the price target has been revised to $145 from $110. This represents a 27.94% premium over Wednesday’s closing price. Analysts at Citigroup resumed the stock at ‘”a Buy”‘ outlook in a report released in early July. As of April 19, 2022, Rosenblatt has initiated its “Buy” rating for DIS. Earlier on February 10, 2022, JP Morgan resumed its rating. Their recommendation was “an Overweight” for DIS stock.

Analyzing DIS’s Price Performance

On Wednesday, The Walt Disney Company [NYSE: DIS] plunged -2.86% to $104.49. The stock’s lowest price that day was $104.49, but it reached a high of $108.04 in the same session. During the last five days, there has been a drop of approximately -7.12%. Over the course of the year, The Walt Disney Company shares have dropped approximately -32.54%. Shares of the company reached a 52-week high of $160.32 on 01/04/22 and a 52-week low of $90.23 on 07/14/22. A 50-day SMA is recorded $109.85, while a 200-day SMA reached $124.46. Nevertheless, trading volume fell to 9.71 million shares from 6.96 million shares the previous day.

Support And Resistance Levels for The Walt Disney Company (DIS)

According to the 24-hour chart, there is a support level at 103.31, which, if violated, would cause prices to drop to 102.12. In the upper region, resistance lies at 106.86. The next price resistance is at 109.22. RSI (Relative Strength Index) is 36.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.99, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is The Walt Disney Company subject to short interest?

Stocks of The Walt Disney Company saw a sharp steep in short interest on Jul 14, 2022 dropping by -2.38 million shares to 20.89 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 23.27 million shares. A decline of -11.39% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.82 of the overall float, the days-to-cover ratio (short ratio) decline to 1.82.

Which companies own the most shares of The Walt Disney Company (DIS)?

According to The Vanguard Group, Inc. filings, the company currently owns 134,497,371 shares, which is about 7.38% of the total DIS shares outstanding. The investor’s shares have appreciated by 1,197,049 from its previous 13-F filing of 133300322.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $8,378,622,555. SSgA Funds Management, Inc. reduced a -1.19% interest valued at $7.99 billion while State Farm Investment Management 0 stake. In its current portfolio, Northern Trust Investments, Inc. holds 23,958,218 shares valued at $2.69 billion.

In terms of The Walt Disney Company share price expectations, FactSet research, analysts set an average price target of $139.56 in the next 12 months, up nearly 30.15% from the previous closing price of $107.57. Analysts anticipate The Walt Disney Company stock to reach $160.00 by 2022, with the lowest price target being $120.00. In spite of this, 29 analysts ranked The Walt Disney Company stock as an Overweight at the end of 2022. On February 10, 2022, Guggenheim assigned a price target of “a Neutral” to the stock and reiterated coverage with a $172.


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