Walt Disney (NYSE:DIS) Trading Up 1.4%

Shares of The Walt Disney Company (NYSE:DIS) were up 1.4% on Thursday . The company traded as high as $95.29 and last traded at $94.85. Approximately 2,972,995 shares changed hands during trading, a decline of 73% from the average daily volume of 11,188,125 shares. The stock had previously closed at $93.58.

Wall Street Analyst Weigh In

Several research firms have commented on DIS. Loop Capital cut their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. The Goldman Sachs Group assumed coverage on Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 target price for the company. Moffett Nathanson reduced their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Macquarie lowered their price target on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Needham & Company LLC reduced their price objective on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $118.43.

Walt Disney Stock Up 0.3 %

The firm’s 50-day moving average is $90.67 and its two-hundred day moving average is $101.96. The stock has a market cap of $170.80 billion, a P/E ratio of 101.84, a PEG ratio of 1.31 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share 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 business had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. Walt Disney’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities research analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now 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 available through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Walt Disney

Hedge funds and other institutional investors have recently modified their holdings of the stock. Gold Investment Management Ltd. acquired a new position in shares of Walt Disney during the 4th quarter worth approximately $28,000. ESL Trust Services LLC acquired a new position in Walt Disney during the first quarter worth $31,000. William B. Walkup & Associates Inc. acquired a new stake in Walt Disney in the second quarter valued at $32,000. Frank Rimerman Advisors LLC bought a new position in shares of Walt Disney in the 4th quarter valued at about $37,000. Finally, Mascoma Wealth Management LLC increased its stake in shares of Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 122 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

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.