Walt Disney (DIS) is Downgraded by Macquarie to Neutral

Walt Disney (DIS) is Downgraded by Macquarie to Neutral , according to the research report released to the investors. Earlier the firm had a rating of Outperform on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

The Walt Disney Company is up 3% in the last 3-month period. Year-to-Date the stock performance stands at 12.93%.The company shares have rallied 13.43% from its 1 Year high price. On Aug 4, 2015, the shares registered one year high at $122.08 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $112.76 and the 200 Day Moving Average price is recorded at $110.46.

Walt Disney Company (The) (NYSE:DIS) has lost 0.74% during the past week and dropped 8.02% in the last 4 weeks. The shares have outperformed the S&P 500 by 0.09% in the past week but underperformed the index by 5.87% in the last 4 weeks.

Shares of Walt Disney Company (The) (NYSE:DIS) ended Thursday session in red amid volatile trading. The shares closed down 1.26 points or 1.18% at $105.08 with 6,670,101 shares getting traded. Post opening the session at $106.14, the shares hit an intraday low of $105.06 and an intraday high of $106.31 and the price vacillated in this range throughout the day. The company has a market cap of $173,716 million and the number of outstanding shares have been calculated to be 1,653,177,900 shares. The 52-week high of Walt Disney Company (The) (NYSE:DIS) is $122.08 and the 52-week low is $90.

Currently the company Insiders own 0.37% of Walt Disney Company (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.86% . Institutional Investors own 60.63% of Walt Disney Company (The) shares. During last six month period, the net percent change held by insiders has seen a change of -10.59%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Woodford Brent, officer (SVP, Planning and Control) of Walt Disney Co/, unloaded 1,237 shares at an average price of $106.9 on December 22, 2015. The total amount of the transaction was worth $132,235, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company. The Company operates in five business segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Company has a 51% effective ownership interest in Disneyland Paris, a 5,510-acre development located in Marne-la-Vallee, approximately 20 miles east of Paris, France. The Company manages and has a 40% equity interest in Euro Disney S.C.A. The Company owns a 48% interest in Hong Kong Disneyland Resort through Hongkong International Theme Parks Limited. On November 7, 2012, the Company sold its 50% equity interest in ESPN STAR Sports (ESS). On December 21, 2012, the Company acquired Lucasfilm Ltd. LLC.