Walt Disney (NYSE:DIS) Stock Price Up 0.4%

The Walt Disney Company (NYSE:DIS)’s share price rose 0.4% during mid-day trading on Friday . The stock traded as high as $102.54 and last traded at $102.25. Approximately 4,010,174 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 11,400,652 shares. The stock had previously closed at $101.84.

Wall Street Analyst Weigh In

DIS has been the topic of several recent research reports. Guggenheim lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Bank of America boosted their target price on shares of Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Morgan Stanley boosted their target price on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price on the stock in a research note on Tuesday, May 21st. Finally, Needham & Company LLC reissued a “buy” rating and set a $145.00 target price on shares of Walt Disney in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $126.29.

Walt Disney Price Performance

The stock has a market capitalization of $186.44 billion, a P/E ratio of 111.16, a PEG ratio of 1.27 and a beta of 1.40. The stock’s fifty day moving average is $105.90 and its 200-day moving average is $104.33. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. Walt Disney’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 earnings per share. On average, equities analysts anticipate that The Walt Disney Company will post 4.75 earnings per share for the current year.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director James P. Gorman acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Avitas Wealth Management LLC raised its position in Walt Disney by 2.2% in the fourth quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after purchasing an additional 238 shares in the last quarter. WNY Asset Management LLC grew its stake in Walt Disney by 32.8% during the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock worth $756,000 after buying an additional 2,304 shares during the last quarter. Telos Capital Management Inc. grew its stake in Walt Disney by 1.7% during the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after buying an additional 1,236 shares during the last quarter. Howard Capital Management Group LLC grew its stake in Walt Disney by 1.8% during the fourth quarter. Howard Capital Management Group LLC now owns 213,601 shares of the entertainment giant’s stock worth $19,286,000 after buying an additional 3,716 shares during the last quarter. Finally, Valmark Advisers Inc. grew its stake in Walt Disney by 4.9% during the fourth quarter. Valmark Advisers Inc. now owns 7,744 shares of the entertainment giant’s stock worth $699,000 after buying an additional 359 shares during the last quarter. Institutional investors and hedge funds 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.