Walt Disney (NYSE:DIS) Shares Down 0.2%

The Walt Disney Company (NYSE:DIS)’s stock price traded down 0.2% during mid-day trading on Tuesday . The company traded as low as $89.47 and last traded at $90.21. 1,580,214 shares were traded during mid-day trading, a decline of 86% from the average session volume of 11,400,503 shares. The stock had previously closed at $90.38.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Barclays lowered their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Bank of America lowered their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley lowered their target price 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. 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. Finally, Loop Capital lowered their price target 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. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.95.

Walt Disney Stock Down 0.7 %

The firm has a market capitalization of $161.61 billion, a price-to-earnings ratio of 96.32, a P/E/G ratio of 1.34 and a beta of 1.40. The stock has a fifty day moving average of $92.48 and a two-hundred day moving average of $103.53. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.

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

Insider Buying and Selling at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Walt Disney

A number of institutional investors and hedge funds have recently modified their holdings of DIS. Sanctuary Advisors LLC bought a new position in shares of Walt Disney in the second quarter worth approximately $31,114,000. Strategic Investment Solutions Inc. IL purchased a new position in Walt Disney during the second quarter valued at $246,000. Farmers National Bank increased its holdings in Walt Disney by 4.6% in the 2nd quarter. Farmers National Bank now owns 49,627 shares of the entertainment giant’s stock worth $4,927,000 after buying an additional 2,200 shares in the last quarter. RiverFront Investment Group LLC increased its position in shares of Walt Disney by 3.9% during the 2nd quarter. RiverFront Investment Group LLC now owns 5,780 shares of the entertainment giant’s stock valued at $574,000 after purchasing an additional 216 shares during the last quarter. Finally, Heritage Oak Wealth Advisors LLC purchased a new stake in shares of Walt Disney during the 2nd quarter valued at about $473,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

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.