Walt Disney (NYSE:DIS) Trading Down 1.2% on Analyst Downgrade

The Walt Disney Company (NYSE:DIS) shares fell 1.2% on Friday after Barclays lowered their price target on the stock from $130.00 to $105.00. Barclays currently has an overweight rating on the stock. Walt Disney traded as low as $84.71 and last traded at $84.90. 2,887,173 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 11,593,580 shares. The stock had previously closed at $85.96.

A number of other research firms have also commented on DIS. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target on the stock in a research report on Tuesday, May 21st. Macquarie raised their price objective on shares of Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. The Goldman Sachs Group started 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. Deutsche Bank Aktiengesellschaft cut their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Needham & Company LLC decreased their price objective on Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a report on Thursday. Three analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.75.

Hedge Funds Weigh In On Walt Disney

A number of hedge funds have recently added to or reduced their stakes in the stock. Mcdonald Partners LLC increased its position in shares of Walt Disney by 0.5% in the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock worth $2,199,000 after purchasing an additional 88 shares during the period. McKinley Carter Wealth Services Inc. raised its position in shares of Walt Disney by 1.5% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock valued at $721,000 after buying an additional 89 shares in the last quarter. Sendero Wealth Management LLC lifted its holdings in shares of Walt Disney by 2.0% during the 1st quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock worth $569,000 after acquiring an additional 89 shares during the period. Pflug Koory LLC lifted its holdings in shares of Walt Disney by 1.0% during the 1st quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock worth $1,100,000 after acquiring an additional 91 shares during the period. Finally, Regent Peak Wealth Advisors LLC boosted its position in shares of Walt Disney by 3.5% during the 1st quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock worth $343,000 after acquiring an additional 94 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

The business’s 50 day moving average is $97.25 and its 200-day moving average is $105.11. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $155.12 billion, a P/E ratio of 92.28, a PEG ratio of 1.15 and a beta of 1.40.

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

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.