Walt Disney (NYSE:DIS) Trading Down 0.9%

The Walt Disney Company (NYSE:DIS) traded down 0.9% during mid-day trading on Friday . The stock traded as low as $97.60 and last traded at $97.72. 1,661,336 shares were traded during trading, a decline of 85% from the average session volume of 11,404,742 shares. The stock had previously closed at $98.61.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Macquarie upped their price objective on Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Argus upped their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Moffett Nathanson cut their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. assumed coverage on Walt Disney in a research note on Thursday, April 11th. They set an “overweight” rating and a $140.00 price objective on the stock. Finally, Loop Capital upped their price objective on Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, May 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $126.44.

Walt Disney Stock Down 0.9 %

The firm has a 50 day simple moving average of $103.58 and a two-hundred day simple moving average of $104.72. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The stock has a market cap of $178.15 billion, a P/E ratio of 106.22, a P/E/G ratio of 1.23 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. During the same period last year, the firm earned $0.93 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts predict that The Walt Disney Company will post 4.75 earnings per share for the current year.

Insider Activity

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

Hedge Funds Weigh In On Walt Disney

Hedge funds have recently modified their holdings of the stock. ESL Trust Services LLC acquired a new position in shares of Walt Disney in the 1st quarter worth $31,000. Planned Solutions Inc. purchased a new position in shares of Walt Disney during the fourth quarter valued at $26,000. Gold Investment Management Ltd. purchased a new position in shares of Walt Disney during the fourth quarter valued at $28,000. Partnership Wealth Management LLC purchased a new position in shares of Walt Disney during the fourth quarter valued at $33,000. Finally, Stone House Investment Management LLC grew its holdings in shares of Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after buying an additional 270 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

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.