Walt Disney (NYSE:DIS) Trading 1.2% Higher

The Walt Disney Company (NYSE:DIS) shares rose 1.2% during mid-day trading on Monday . The stock traded as high as $92.12 and last traded at $91.68. Approximately 2,671,089 shares were traded during trading, a decline of 76% from the average daily volume of 11,220,436 shares. The stock had previously closed at $90.55.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DIS shares. Barclays dropped their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Evercore ISI lowered their target price on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Redburn Atlantic upgraded shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective for the company in a report on Tuesday, May 21st. Loop Capital cut their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Finally, Moffett Nathanson lowered their price target on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $117.95.

Walt Disney Trading Up 1.3 %

The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The firm has a market cap of $166.42 billion, a price-to-earnings ratio of 99.65, a PEG ratio of 1.31 and a beta of 1.40. The company has a 50-day moving average price of $91.06 and a 200 day moving average price of $102.49.

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

Insider Activity

In other news, Director Calvin Mcdonald acquired 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by corporate insiders.

Institutional Trading of Walt Disney

Several large investors have recently added to or reduced their stakes in DIS. Cannon Financial Strategists Inc. bought a new stake in shares of Walt Disney during the 2nd quarter worth about $399,000. Heritage Wealth Management Inc. acquired a new stake in Walt Disney in the 2nd quarter worth approximately $269,000. Lazari Capital Management Inc. boosted its position in Walt Disney by 0.5% during the second quarter. Lazari Capital Management Inc. now owns 66,732 shares of the entertainment giant’s stock worth $6,626,000 after purchasing an additional 351 shares during the period. Sanctuary Advisors LLC acquired a new position in Walt Disney during the second quarter valued at approximately $31,114,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Walt Disney in the second quarter valued at approximately $246,000. 65.71% of the stock is owned by institutional investors.

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.