The Walt Disney Co. (NYSE:DIS) shares gapped up prior to trading on Friday . The stock had previously closed at $98.12, but opened at $98.41. The Walt Disney shares last traded at $99.53, with a volume of 2,727,518 shares changing hands.

Several research firms have recently commented on DIS. Jefferies Group reaffirmed a “hold” rating and issued a $92.00 price objective (down previously from $101.05) on shares of The Walt Disney in a research note on Wednesday, May 11th. Topeka Capital Markets decreased their price objective on The Walt Disney from $130.00 to $129.00 and set a “buy” rating on the stock in a research note on Wednesday, May 11th. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $120.00 price objective on shares of The Walt Disney in a research note on Tuesday, May 10th. Nomura Holdings Inc. raised their price objective on The Walt Disney from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, April 26th. Finally, Drexel Hamilton reaffirmed a “buy” rating on shares of The Walt Disney in a research note on Thursday, May 5th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have assigned a buy rating to the company. The Walt Disney presently has a consensus rating of “Hold” and a consensus target price of $109.33.

The company has a market capitalization of $161.63 billion and a PE ratio of 18.34. The company has a 50-day moving average of $98.38 and a 200-day moving average of $98.73.

The Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, May 10th. The entertainment giant reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by $0.04. During the same period in the previous year, the business earned $1.23 EPS. The firm earned $12.97 billion during the quarter, compared to analyst estimates of $13.22 billion. The Walt Disney’s quarterly revenue was up 4.1% on a year-over-year basis. On average, equities research analysts anticipate that The Walt Disney Co. will post $5.81 earnings per share for the current year.

The business also recently declared a semiannual dividend, which will be paid on Thursday, July 28th. Stockholders of record on Monday, July 11th will be given a $0.71 dividend. The ex-dividend date of this dividend is Thursday, July 7th. This represents a dividend yield of 1.45%.

In other The Walt Disney news, Director Maria Elena Lagomasino acquired 980 shares of the stock in a transaction that occurred on Thursday, May 12th. The stock was bought at an average cost of $101.98 per share, for a total transaction of $99,940.40. Following the completion of the transaction, the director now owns 2,820 shares of the company’s stock, valued at approximately $287,583.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 2,500 shares of the stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $106.50, for a total value of $266,250.00. Following the completion of the transaction, the executive vice president now owns 27,975 shares of the company’s stock, valued at $2,979,337.50. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have modified their holdings of DIS. Vanguard Group Inc. raised its position in shares of The Walt Disney by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 87,774,484 shares of the entertainment giant’s stock valued at $9,223,343,000 after buying an additional 425,678 shares during the last quarter. Morgan Stanley raised its position in shares of The Walt Disney by 14.8% in the fourth quarter. Morgan Stanley now owns 17,484,772 shares of the entertainment giant’s stock valued at $1,837,300,000 after buying an additional 2,259,996 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of The Walt Disney by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,690,320 shares of the entertainment giant’s stock valued at $387,810,000 after buying an additional 172,233 shares during the last quarter. California State Teachers Retirement System raised its position in shares of The Walt Disney by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 3,144,354 shares of the entertainment giant’s stock valued at $330,409,000 after buying an additional 50,140 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of The Walt Disney by 0.8% in the fourth quarter. Swiss National Bank now owns 2,914,328 shares of the entertainment giant’s stock valued at $306,238,000 after buying an additional 21,900 shares during the last quarter.

The Walt Disney Company, incorporated on July 28, 1995, together with its subsidiaries and affiliates, is a diversified international family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.