Walt Disney (NYSE:DIS) Stock Price Up 1.2%

The Walt Disney Company (NYSE:DIS) shares rose 1.2% during trading on Monday . The company traded as high as $92.12 and last traded at $91.68. Approximately 2,671,089 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 11,220,436 shares. The stock had previously closed at $90.55.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Needham & Company LLC lowered their price target on Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. lowered their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley lowered their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Raymond James lowered their price target on Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, Wells Fargo & Company lowered their price target on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $117.95.

Walt Disney Stock Performance

The firm has a 50 day simple moving average of $90.86 and a 200-day simple moving average of $102.22. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The company has a market cap of $170.62 billion, a price-to-earnings ratio of 101.72, a PEG ratio of 1.31 and a beta of 1.40.

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

Insider Activity at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the acquisition, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Institutional Trading of Walt Disney

Institutional investors have recently bought and sold shares of the business. Cannon Financial Strategists Inc. acquired a new stake in shares of Walt Disney during the second quarter worth about $399,000. Heritage Wealth Management Inc. acquired a new stake in shares of Walt Disney during the second quarter worth about $269,000. Lazari Capital Management Inc. increased its position in shares of Walt Disney by 0.5% during the second quarter. Lazari Capital Management Inc. now owns 66,732 shares of the entertainment giant’s stock worth $6,626,000 after purchasing an additional 351 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Walt Disney during the second quarter worth about $31,114,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Walt Disney during the second quarter worth about $246,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

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.