Walt Disney (NYSE:DIS) Trading Down 0.4%

The Walt Disney Company (NYSE:DIS)’s stock price dropped 0.4% on Wednesday . The company traded as low as $101.43 and last traded at $101.82. Approximately 2,274,096 shares were traded during trading, a decline of 80% from the average daily volume of 11,366,486 shares. The stock had previously closed at $102.20.

Wall Street Analyst Weigh In

DIS has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 price target on shares of Walt Disney in a research note on Tuesday, May 7th. Loop Capital increased their price objective on shares of Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Barclays dropped their price objective on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Guggenheim raised their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Finally, Macquarie raised their price target on shares of Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a report on Monday, May 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $126.50.

Walt Disney Stock Performance

The stock has a market capitalization of $186.24 billion, a P/E ratio of 111.04, a P/E/G ratio of 1.27 and a beta of 1.40. The company’s 50-day moving average is $105.23 and its two-hundred day moving average is $104.53. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last issued 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 company had revenue of $22.08 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 EPS. As a group, sell-side analysts anticipate that The Walt Disney Company will post 4.75 EPS for the current fiscal year.

Insider Transactions at Walt Disney

In other Walt Disney news, Director James P. Gorman bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now directly 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 SEC, which is available at the SEC website. In other Walt Disney news, Director James P. Gorman bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now directly 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 SEC, which is available at the SEC website. Also, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Walt Disney

A number of large investors have recently made changes to their positions in DIS. Mcdonald Partners LLC grew its position in Walt Disney by 0.5% during the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after purchasing an additional 88 shares in the last quarter. McKinley Carter Wealth Services Inc. grew its position in Walt Disney by 1.5% during the first quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock valued at $721,000 after purchasing an additional 89 shares in the last quarter. Sendero Wealth Management LLC grew its position in Walt Disney by 2.0% during the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock valued at $569,000 after purchasing an additional 89 shares in the last quarter. Pflug Koory LLC grew its position in Walt Disney by 1.0% during the first quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock valued at $1,100,000 after purchasing an additional 91 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC grew its position in Walt Disney by 3.5% during the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock valued at $343,000 after purchasing an additional 94 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

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.