Walt Disney (NYSE:DIS) Trading Down 0.1% – Here’s What Happened

Shares of The Walt Disney Company (NYSE:DIS) dropped 0.1% during trading on Wednesday . The company traded as low as $96.45 and last traded at $97.61. Approximately 1,439,395 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 9,778,696 shares. The stock had previously closed at $97.68.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DIS shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Macquarie reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a research report on Monday, January 6th. Citigroup reissued a “buy” rating and set a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a report on Wednesday, February 5th. Finally, Morgan Stanley boosted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.33.

Walt Disney Stock Up 0.5 %

The firm has a 50-day moving average price of $106.92 and a two-hundred day moving average price of $105.32. The company has a market capitalization of $177.42 billion, a P/E ratio of 31.97, a PEG ratio of 1.80 and a beta of 1.41. The company has a quick ratio of 0.62, a current ratio of 0.68 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 (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Institutional Trading of Walt Disney

Hedge funds have recently modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new position in shares of Walt Disney in the fourth quarter valued at $27,000. FPC Investment Advisory Inc. acquired a new position in shares of Walt Disney in the 4th quarter valued at $28,000. Tacita Capital Inc lifted its holdings in shares of Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after acquiring an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Walt Disney during the 4th quarter valued at about $32,000. Finally, Midwest Capital Advisors LLC bought a new stake in Walt Disney in the fourth quarter valued at about $34,000. Institutional investors own 65.71% of the company’s stock.

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.