Walt Disney (NYSE:DIS) Stock Price Down 0.2%

The Walt Disney Company (NYSE:DIS) was down 0.2% on Friday . The stock traded as low as $101.70 and last traded at $102.00. Approximately 2,291,615 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 11,331,170 shares. The stock had previously closed at $102.17.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DIS shares. Argus increased their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Morgan Stanley increased their price target on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Rosenblatt Securities increased their price target on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Loop Capital raised their price objective on Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, The Goldman Sachs Group initiated coverage on Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $126.50.

Walt Disney Price Performance

The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The stock has a market cap of $181.01 billion, a price-to-earnings ratio of 107.93, a PEG ratio of 1.27 and a beta of 1.40. The stock has a 50-day moving average price of $104.76 and a two-hundred day moving average price of $104.66.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data 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 firm had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 EPS. As a group, equities research analysts forecast that The Walt Disney Company will post 4.76 EPS for the current year.

Insider Transactions at Walt Disney

In other Walt Disney news, Director James P. Gorman acquired 20,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average price 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 $2,170,116.01. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James P. Gorman purchased 20,000 shares of the stock in a transaction 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 transaction, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. Insiders own 0.10% of the company’s stock.

Institutional Trading of Walt Disney

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avitas Wealth Management LLC raised its stake in shares of Walt Disney by 2.2% during the 4th quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock valued at $997,000 after buying an additional 238 shares during the last quarter. WNY Asset Management LLC raised its stake in shares of Walt Disney by 32.8% during the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after buying an additional 2,304 shares during the last quarter. Telos Capital Management Inc. raised its stake in shares of Walt Disney by 1.7% during the 4th quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock valued at $6,751,000 after buying an additional 1,236 shares during the last quarter. Howard Capital Management Group LLC raised its stake in shares of Walt Disney by 1.8% during the 4th quarter. Howard Capital Management Group LLC now owns 213,601 shares of the entertainment giant’s stock valued at $19,286,000 after buying an additional 3,716 shares during the last quarter. Finally, Valmark Advisers Inc. raised its stake in shares of Walt Disney by 4.9% during the 4th quarter. Valmark Advisers Inc. now owns 7,744 shares of the entertainment giant’s stock valued at $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.