Walt Disney (NYSE:DIS) Trading 0.5% Higher

Shares of The Walt Disney Company (NYSE:DIS) rose 0.5% during trading on Tuesday . The stock traded as high as $93.22 and last traded at $92.57. Approximately 2,759,465 shares changed hands during trading, a decline of 76% from the average daily volume of 11,279,740 shares. The stock had previously closed at $92.14.

Analyst Ratings Changes

A number of research analysts recently issued reports on DIS shares. Evercore ISI reduced their price target on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. UBS Group reduced their price objective on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Daiwa Capital Markets reissued a “buy” rating and set a $133.00 price target on shares of Walt Disney in a research report on Monday, April 1st. Wells Fargo & Company increased their price target on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Finally, Guggenheim lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Three equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.13.

Walt Disney Price Performance

The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The business’s fifty day moving average price is $99.16 and its 200-day moving average price is $105.39. The stock has a market capitalization of $169.69 billion, a price-to-earnings ratio of 100.62, a PEG ratio of 1.12 and a beta of 1.40.

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

Insider Activity

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

Institutional Trading of Walt Disney

A number of hedge funds and other institutional investors have recently modified their holdings of DIS. PFG Advisors raised its stake in Walt Disney by 1.9% during the fourth quarter. PFG Advisors now owns 7,256 shares of the entertainment giant’s stock valued at $655,000 after buying an additional 133 shares during the last quarter. Miracle Mile Advisors LLC grew its holdings in shares of Walt Disney by 3.4% in the fourth quarter. Miracle Mile Advisors LLC now owns 32,935 shares of the entertainment giant’s stock worth $2,974,000 after acquiring an additional 1,088 shares during the period. Chicago Capital LLC grew its holdings in Walt Disney by 42.0% during the fourth quarter. Chicago Capital LLC now owns 10,780 shares of the entertainment giant’s stock valued at $973,000 after purchasing an additional 3,186 shares during the period. Weaver Consulting Group grew its stake in shares of Walt Disney by 2.6% during the 4th quarter. Weaver Consulting Group now owns 8,085 shares of the entertainment giant’s stock valued at $730,000 after acquiring an additional 206 shares during the period. Finally, Bridge Creek Capital Management LLC lifted its stake in shares of Walt Disney by 0.4% during the 4th quarter. Bridge Creek Capital Management LLC now owns 43,405 shares of the entertainment giant’s stock valued at $3,919,000 after buying an additional 158 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other 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.