Walt Disney (NYSE:DIS) Trading Up 0.3%

The Walt Disney Company (NYSE:DIS) shares traded up 0.3% during mid-day trading on Tuesday . The stock traded as high as $88.89 and last traded at $88.61. 1,552,466 shares were traded during mid-day trading, a decline of 86% from the average session volume of 11,287,140 shares. The stock had previously closed at $88.34.

Analyst Ratings Changes

DIS has been the topic of several research analyst reports. Macquarie dropped their target price on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. JPMorgan Chase & Co. cut their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. UBS Group reduced their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Morgan Stanley dropped their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.95.

Walt Disney Stock Performance

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market cap of $160.18 billion, a P/E ratio of 96.00, a P/E/G ratio of 1.31 and a beta of 1.40. The stock’s fifty day moving average price is $91.39 and its two-hundred day moving average price is $102.81.

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, topping the consensus estimate of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 earnings per share. As a group, equities analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Buying and Selling

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Walt Disney

A number of hedge funds have recently made changes to their positions in DIS. Norges Bank bought a new stake in shares of Walt Disney during the fourth quarter worth $1,938,647,000. Jennison Associates LLC bought a new stake in Walt Disney during the 1st quarter worth $1,490,492,000. Capital World Investors increased its holdings in Walt Disney by 3,332.4% in the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after purchasing an additional 6,084,993 shares in the last quarter. ValueAct Holdings L.P. bought a new position in Walt Disney in the fourth quarter valued at about $459,245,000. Finally, Swedbank AB acquired a new stake in shares of Walt Disney during the first quarter valued at about $493,715,000. 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.