Walt Disney (NYSE:DIS) Trading Down 2%

The Walt Disney Company (NYSE:DIS)’s stock price fell 2% during trading on Tuesday . The stock traded as low as $94.25 and last traded at $94.31. 2,757,088 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 11,145,157 shares. The stock had previously closed at $96.19.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research note on Tuesday. Wells Fargo & Company lowered their price target on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Loop Capital cut their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Evercore ISI cut their price target on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.43.

Walt Disney Trading Down 1.9 %

The company’s fifty day moving average is $90.44 and its two-hundred day moving average is $101.11. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The stock has a market cap of $171.97 billion, a price-to-earnings ratio of 102.51, a PEG ratio of 1.53 and a beta of 1.40.

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

Insider Buying and Selling

In related news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Walt Disney

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DIS. Jennison Associates LLC acquired a new position in Walt Disney in the 1st quarter valued at about $1,490,492,000. Capital World Investors raised its stake in shares of Walt Disney by 3,332.4% during the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after purchasing an additional 6,084,993 shares during the last quarter. ValueAct Holdings L.P. acquired a new stake in shares of Walt Disney during the fourth quarter worth $459,245,000. Swedbank AB purchased a new position in Walt Disney in the 1st quarter valued at $493,715,000. Finally, Farallon Capital Management LLC acquired a new position in Walt Disney in the 2nd quarter valued at $355,673,000. 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.