Walt Disney (NYSE:DIS) Shares Down 0.6% Following Analyst Downgrade

The Walt Disney Company (NYSE:DIS)’s stock price fell 0.6% during mid-day trading on Tuesday after Moffett Nathanson lowered their price target on the stock from $130.00 to $125.00. Moffett Nathanson currently has a buy rating on the stock. Walt Disney traded as low as $97.10 and last traded at $97.45. 2,855,348 shares changed hands during trading, a decline of 75% from the average session volume of 11,449,450 shares. The stock had previously closed at $98.04.

DIS has been the topic of several other research reports. UBS Group cut their price objective on Walt Disney from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Raymond James boosted their price objective on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Daiwa Capital Markets restated a “buy” rating and issued a $133.00 target price on shares of Walt Disney in a research note on Monday, April 1st. Guggenheim boosted their target price on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued 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 assigned a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.44.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Walt Disney

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Planned Solutions Inc. purchased a new stake in Walt Disney during the 4th quarter valued at about $26,000. Gold Investment Management Ltd. purchased a new stake in Walt Disney during the 4th quarter valued at about $28,000. Fortis Group Advisors LLC purchased a new stake in Walt Disney during the 3rd quarter valued at about $30,000. Stone House Investment Management LLC boosted its holdings in Walt Disney by 355.3% during the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after acquiring an additional 270 shares during the period. Finally, ESL Trust Services LLC purchased a new stake in Walt Disney during 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 Price Performance

The company has a market capitalization of $178.62 billion, a PE ratio of 106.50, a PEG ratio of 1.23 and a beta of 1.40. The firm has a fifty day moving average of $104.48 and a two-hundred day moving average of $104.77. 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 released its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. During the same quarter last year, the business posted $0.93 EPS. The business’s revenue was up 1.2% on a year-over-year basis. Research analysts anticipate that The Walt Disney Company will post 4.76 EPS for the current fiscal year.

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.