Walt Disney (NYSE:DIS) Stock Price Down 1.1% – Here’s Why

The Walt Disney Company (NYSE:DIS)’s share price was down 1.1% during trading on Monday . The stock traded as low as $95.70 and last traded at $96.98. Approximately 2,801,397 shares changed hands during trading, a decline of 71% from the average daily volume of 9,779,833 shares. The stock had previously closed at $98.07.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Morgan Stanley raised their price target on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Rosenblatt Securities restated a “buy” rating and set a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. The Goldman Sachs Group upped their price target on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Loop Capital increased their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Finally, Citigroup restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Stock Performance

The company has a market capitalization of $177.79 billion, a price-to-earnings ratio of 32.06, a P/E/G ratio of 1.80 and a beta of 1.41. The stock’s 50 day moving average price is $107.31 and its 200 day moving average price is $105.19. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Institutional Trading of Walt Disney

A number of large investors have recently added to or reduced their stakes in the company. Farmers Trust Co. lifted its stake in Walt Disney by 1.1% in the 4th quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock valued at $945,000 after purchasing an additional 92 shares during the last quarter. Pathway Financial Advisors LLC lifted its position in shares of Walt Disney by 2.7% in the fourth quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant’s stock valued at $386,000 after buying an additional 92 shares during the last quarter. Prossimo Advisors LLC lifted its position in shares of Walt Disney by 1.1% in the fourth quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant’s stock valued at $972,000 after buying an additional 92 shares during the last quarter. Saxon Interests Inc. increased its holdings in shares of Walt Disney by 2.8% during the 4th quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant’s stock worth $380,000 after acquiring an additional 93 shares during the last quarter. Finally, Onefund LLC raised its stake in Walt Disney by 2.0% in the 4th quarter. Onefund LLC now owns 4,856 shares of the entertainment giant’s stock valued at $541,000 after acquiring an additional 93 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

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.