Walt Disney (NYSE:DIS) Shares Up 0.4%

The Walt Disney Company (NYSE:DIS)’s share price shot up 0.4% on Wednesday . The stock traded as high as $94.07 and last traded at $93.20. 2,080,765 shares were traded during mid-day trading, a decline of 81% from the average session volume of 11,188,159 shares. The stock had previously closed at $92.86.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DIS. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective on the stock in a research note on Tuesday, May 21st. Bank of America decreased their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Macquarie cut their target price on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Morgan Stanley dropped their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Finally, UBS Group dropped their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $117.95.

Walt Disney Stock Up 0.5 %

The company’s 50 day moving average price is $90.86 and its two-hundred day moving average price is $102.22. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock has a market cap of $170.09 billion, a P/E ratio of 101.30, a PEG ratio of 1.31 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter last year, the company posted $1.03 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. Equities analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald acquired 11,756 shares of the stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Institutional Trading of Walt Disney

A number of large investors have recently modified their holdings of DIS. Gold Investment Management Ltd. bought a new position in Walt Disney during the 4th quarter worth about $28,000. ESL Trust Services LLC purchased a new stake in Walt Disney during the first quarter worth $31,000. William B. Walkup & Associates Inc. purchased a new position in shares of Walt Disney in the 2nd quarter valued at $32,000. Frank Rimerman Advisors LLC bought a new position in shares of Walt Disney in the 4th quarter worth $37,000. Finally, Mascoma Wealth Management LLC boosted its position in Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 122 shares in the last quarter. Hedge funds and other institutional investors 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.