Walt Disney (NYSE:DIS) Stock Price Up 0%

Shares of The Walt Disney Company (NYSE:DIS) traded up 0% on Wednesday . The stock traded as high as $90.52 and last traded at $89.76. 1,797,842 shares changed hands during trading, a decline of 84% from the average session volume of 11,589,112 shares. The stock had previously closed at $89.74.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DIS shares. Loop Capital decreased their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Needham & Company LLC dropped their target price on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley cut their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Barclays decreased their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group began coverage on Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price for the company. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.95.

Walt Disney Price Performance

The firm has a market cap of $165.08 billion, a price-to-earnings ratio of 97.90, a P/E/G ratio of 1.15 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. The stock’s fifty day moving average price is $94.54 and its 200-day moving average price is $104.60.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 earnings per share. As a group, equities research analysts forecast that The Walt Disney Company will post 4.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Walt Disney

A number of institutional investors have recently modified their holdings of DIS. Somnio Financial Group LLC purchased a new position in Walt Disney during the 2nd quarter valued at about $327,000. Aldebaran Financial Inc. boosted its stake in shares of Walt Disney by 1.5% in the second quarter. Aldebaran Financial Inc. now owns 11,664 shares of the entertainment giant’s stock valued at $1,158,000 after purchasing an additional 174 shares during the period. 3Chopt Investment Partners LLC acquired a new position in shares of Walt Disney in the second quarter valued at approximately $509,000. Advisory Alpha LLC increased its stake in Walt Disney by 13.1% during the 2nd quarter. Advisory Alpha LLC now owns 7,014 shares of the entertainment giant’s stock worth $696,000 after buying an additional 813 shares during the period. Finally, EP Wealth Advisors LLC lifted its holdings in Walt Disney by 4.7% during the 2nd quarter. EP Wealth Advisors LLC now owns 454,804 shares of the entertainment giant’s stock worth $45,157,000 after buying an additional 20,283 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

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.