Walt Disney Co. (DIS) Has Fallen To A 6-Month Low Following Downgrade

The decrease followed a downgrade of the stock to “market-perform” from “outperform” by Bernstein Research analyst Todd Juenger, who cited broader declines in pay-TV subscriptions and TV advertising revenues. The shares were sold at an average price of $110.81, for a total transaction of $1,812,851.60. Shares of Walt Disney Company (The) (NYSE:DIS) ended Tuesday session in red amid volatile trading. The shares were sold at an average price of $118.50, for a total transaction of $237,000.00.

Disney, a Dow Jones Industrial stock, was down 6.2% to $100.26 with Time Warner off 3.7% to $75.03 in midday Thursday trading. Currently, analysts are predicting that the firm will report an EPS of $1.25 for the quarter ending on 2015-09-30.

Separately, TheStreet Ratings team rates DISNEY (WALT) CO as a Buy with a ratings score of A+. This represents a dividend yield of 1.15%. Stockholders of record on Monday, July 6th were paid a $0.66 dividend.

Netflix Inc., the best performer in the Standard & Poor’s 500 Index this year, joined a decline in media stocks, falling the most since October after bucking the selloff that hit Walt Disney Co., CBS Corp. and others. Jefferies Group reissued a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Sunday, July 12th. Finally, Vetr upgraded Walt Disney from a hold rating to a buy rating and set a $124.51 price target on the stock in a research report on Tuesday, June 9th. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. The stock has a market cap of $179.67 billion and a PE ratio of 22.17. The disclosure for this sale can be found here.

While media and entertainment have been suffering in August, Netflix was holding its own – not surprising since streaming is growing fast as traditional pay TV stagnates – but on Thursday its stock dropped 8 percent, wiping out all its recent gains. This is an increase from Walt Disney’s previous semiannual dividend of $0.58. The Company operates in five business segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Walt Disney Studio brings music, pictures and stage plays to consumers across the whole world.