On May 10, 2023 at 10:38:03 ET an unusually large $486.00K block of Put contracts in Walt Disney Co (DIS) was bought, with a strike price of $105.00 / share, expiring in 23 day(s) (on June 2, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 2.07 sigmas above the mean, placing it in the 98.31th percentile of all recent large trades made in DIS options.

This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.

What is the Fund Sentiment?

There are 4212 funds or institutions reporting positions in Walt Disney Co. This is an increase of 71 owner(s) or 1.71% in the last quarter. Average portfolio weight of all funds dedicated to DIS is 0.56%, a decrease of 7.81%. Total shares owned by institutions increased in the last three months by 0.22% to 1,262,420K shares. The put/call ratio of DIS is 0.80, indicating a bullish outlook.

Analyst Price Forecast Suggests 25.31% Upside

As of April 24, 2023, the average one-year price target for Walt Disney Co is 128.05. The forecasts range from a low of 94.94 to a high of $152.25. The average price target represents an increase of 25.31% from its latest reported closing price of 102.18.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Walt Disney Co is 91,544MM, an increase of 8.45%. The projected annual non-GAAP EPS is 4.18.

What are Other Shareholders Doing?

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 55,416K shares representing 3.03% ownership of the company. In it’s prior filing, the firm reported owning 54,387K shares, representing an increase of 1.86%. The firm decreased its portfolio allocation in DIS by 13.34% over the last quarter.

VFINX – Vanguard 500 Index Fund Investor Shares holds 42,144K shares representing 2.31% ownership of the company. In it’s prior filing, the firm reported owning 41,328K shares, representing an increase of 1.94%. The firm decreased its portfolio allocation in DIS by 13.47% over the last quarter.

State Farm Mutual Automobile Insurance holds 33,997K shares representing 1.86% ownership of the company. No change in the last quarter.

Geode Capital Management holds 31,824K shares representing 1.74% ownership of the company. In it’s prior filing, the firm reported owning 31,169K shares, representing an increase of 2.06%. The firm decreased its portfolio allocation in DIS by 13.07% over the last quarter.

Price T Rowe Associates holds 27,148K shares representing 1.49% ownership of the company. In it’s prior filing, the firm reported owning 24,124K shares, representing an increase of 11.14%. The firm increased its portfolio allocation in DIS by 1.76% over the last quarter.

Walt Disney Co Background Information
(This description is provided by the company.)

The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise that includes Parks, Experiences and Products; Media & Entertainment Distribution; and three content groups—Studios, General Entertainment and Sports–focused on developing and producing content for DTC, theatrical and linear platforms. Disney is a Dow 30 company and had annual revenues of $65.4 billion in its Fiscal Year 2020.

See all Walt Disney Co regulatory filings.

This article originally appeared on Fintel

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.