Walt Disney (NYSE:DIS) Stock Price Down 0%

The Walt Disney Company (NYSE:DIS) fell 0% during trading on Tuesday . The stock traded as low as $101.82 and last traded at $101.95. 2,987,114 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 11,381,762 shares. The stock had previously closed at $101.98.

Analysts Set New Price Targets

DIS has been the topic of several recent research reports. Guggenheim upped their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. began coverage on Walt Disney in a report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price objective on the stock. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price on the stock in a research report on Tuesday, May 21st. Loop Capital upped their price target on Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a report on Monday, May 6th. Finally, Rosenblatt Securities boosted their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $126.50.

Walt Disney Stock Performance

The stock has a 50 day moving average of $105.45 and a two-hundred day moving average of $104.55. The stock has a market capitalization of $186.28 billion, a PE ratio of 111.07, a P/E/G ratio of 1.27 and a beta of 1.40. 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 posted its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $22.08 billion for 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%. The business’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 EPS. Research analysts expect that The Walt Disney Company will post 4.75 EPS for the current fiscal year.

Insiders Place Their Bets

In other Walt Disney news, Director James P. Gorman acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the purchase, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the sale, 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 filing with the SEC, which is available through this link. Also, Director James P. Gorman purchased 20,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the transaction, the director now directly owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is owned by company insiders.

Institutional Trading of Walt Disney

Institutional investors and hedge funds have recently made changes to their positions in the stock. Planned Solutions Inc. acquired a new position in shares of Walt Disney in the fourth quarter valued at approximately $26,000. Gold Investment Management Ltd. acquired a new stake in shares of Walt Disney during the fourth quarter worth $28,000. Fortis Group Advisors LLC purchased a new stake in shares of Walt Disney in the third quarter valued at $30,000. Stone House Investment Management LLC lifted its position in Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after buying an additional 270 shares during the period. Finally, ESL Trust Services LLC purchased a new stake in Walt Disney in the 1st quarter valued at about $31,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Company Profile

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.