Walt Disney (NYSE:DIS) Stock Price Up 0.9%

The Walt Disney Company (NYSE:DIS) shares rose 0.9% during mid-day trading on Wednesday . The company traded as high as $99.08 and last traded at $98.90. Approximately 2,368,829 shares changed hands during trading, a decline of 79% from the average daily volume of 11,460,508 shares. The stock had previously closed at $97.99.

Analyst Ratings Changes

DIS has been the subject of a number of research analyst reports. Rosenblatt Securities increased their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. UBS Group cut their target price on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Bank of America lifted their price objective on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Wells Fargo & Company lifted their price objective on shares of Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $126.44.

Walt Disney Price Performance

The company has a market capitalization of $179.77 billion, a price-to-earnings ratio of 107.19, a P/E/G ratio of 1.23 and a beta of 1.40. The stock has a fifty day simple moving average of $103.86 and a 200-day simple moving average of $104.76. 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 announced its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. During the same period in the previous year, the company posted $0.93 earnings per share. Walt Disney’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities research analysts anticipate that The Walt Disney Company will post 4.75 EPS for the current year.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 4,400 shares of the company’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 sale was disclosed in a 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James P. Gorman bought 20,000 shares of Walt Disney stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the purchase, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The disclosure for this purchase can be found here. Corporate insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Moody National Bank Trust Division raised its stake in Walt Disney by 3.2% in the 2nd quarter. Moody National Bank Trust Division now owns 21,759 shares of the entertainment giant’s stock valued at $2,160,000 after purchasing an additional 669 shares during the last quarter. Marcum Wealth LLC raised its stake in Walt Disney by 1.9% in the 2nd quarter. Marcum Wealth LLC now owns 10,565 shares of the entertainment giant’s stock valued at $1,049,000 after purchasing an additional 202 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its stake in Walt Disney by 10.5% in the 2nd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 9,614 shares of the entertainment giant’s stock valued at $880,000 after purchasing an additional 914 shares during the last quarter. GAMMA Investing LLC raised its stake in Walt Disney by 29.1% in the 2nd quarter. GAMMA Investing LLC now owns 17,232 shares of the entertainment giant’s stock valued at $1,711,000 after purchasing an additional 3,884 shares during the last quarter. Finally, Transcend Capital Advisors LLC raised its stake in Walt Disney by 10.7% in the 2nd quarter. Transcend Capital Advisors LLC now owns 35,849 shares of the entertainment giant’s stock valued at $3,559,000 after purchasing an additional 3,470 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

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.