The Walt Disney Company (NYSE:DIS – Get Free Report) traded down 0.2% during trading on Monday . The company traded as low as $85.48 and last traded at $86.08. 2,983,826 shares were traded during mid-day trading, a decline of 74% from the average session volume of 11,622,875 shares. The stock had previously closed at $86.21.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on DIS shares. Moffett Nathanson reduced their price target on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Raymond James decreased their price target on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a research note on Thursday. Evercore ISI dropped their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price for the company in a research report on Tuesday, May 21st. Finally, Wells Fargo & Company dropped their price target on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $118.75.
Walt Disney Stock Performance
The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The firm has a market cap of $156.38 billion, a price-to-earnings ratio of 93.57, a P/E/G ratio of 1.15 and a beta of 1.40. The business’s 50-day simple moving average is $96.90 and its two-hundred day simple moving average is $105.21.
Walt Disney (NYSE:DIS – Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. The company had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. Walt Disney’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $1.03 earnings per share. As a group, sell-side analysts expect that The Walt Disney Company will post 4.77 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Walt Disney during the 4th quarter valued at about $1,938,647,000. Jennison Associates LLC acquired a new position in shares of Walt Disney during the 1st quarter worth approximately $1,490,492,000. Capital World Investors grew its position in shares of Walt Disney by 3,332.4% in the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after purchasing an additional 6,084,993 shares in the last quarter. ValueAct Holdings L.P. purchased a new position in Walt Disney during the fourth quarter worth approximately $459,245,000. Finally, Swedbank AB purchased a new position in Walt Disney during the first quarter worth approximately $493,715,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.
About Walt Disney
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.