Walt Disney (NYSE:DIS) Shares Down 0.5%

Shares of The Walt Disney Company (NYSE:DISGet Free Report) dropped 0.5% during trading on Friday . The stock traded as low as $99.57 and last traded at $99.61. Approximately 1,453,924 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 11,493,161 shares. The stock had previously closed at $100.09.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Macquarie lifted their price objective on Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Morgan Stanley increased their target price on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Barclays cut their price objective on Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Argus boosted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Finally, Raymond James raised their price target on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.29.

View Our Latest Report on Walt Disney

Walt Disney Stock Performance

The company’s 50-day moving average price is $107.77 and its two-hundred day moving average price is $103.88. The company has a market cap of $182.05 billion, a P/E ratio of 108.27, a price-to-earnings-growth ratio of 1.25 and a beta of 1.40. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DISGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. The business had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 EPS. As a group, equities analysts forecast that The Walt Disney Company will post 4.76 earnings per share for the current year.

Insider Activity

In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director James P. Gorman purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were bought at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Walt Disney

A number of hedge funds have recently bought and sold shares of the company. Keynote Financial Services LLC acquired a new position in shares of Walt Disney in the first quarter valued at $1,070,000. IMS Capital Management raised its holdings in shares of Walt Disney by 1.2% in the 1st quarter. IMS Capital Management now owns 20,260 shares of the entertainment giant’s stock worth $2,479,000 after buying an additional 246 shares in the last quarter. OMC Financial Services LTD acquired a new position in shares of Walt Disney in the 1st quarter worth approximately $1,138,000. EverSource Wealth Advisors LLC lifted its position in shares of Walt Disney by 32.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 9,303 shares of the entertainment giant’s stock worth $1,138,000 after buying an additional 2,262 shares during the period. Finally, Westwood Holdings Group Inc. grew its position in Walt Disney by 20.7% in the first quarter. Westwood Holdings Group Inc. now owns 5,158 shares of the entertainment giant’s stock valued at $631,000 after acquiring an additional 884 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Company Profile

(Get Free Report)

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.

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