The Walt Disney Co. (NYSE:DIS) shares fell 1.4% on Wednesday . The stock traded as low as $97.14 and last traded at $98.08, with a volume of 7,031,464 shares trading hands. The stock had previously closed at $99.47.

Several research firms have weighed in on DIS. Hilliard Lyons reiterated a “buy” rating on shares of The Walt Disney in a research note on Saturday, May 14th. Morgan Stanley reiterated a “hold” rating on shares of The Walt Disney in a research note on Sunday. Stifel Nicolaus lowered shares of The Walt Disney from a “buy” rating to a “hold” rating and set a $110.00 price objective on the stock. in a research note on Wednesday. They noted that the move was a valuation call. Topeka Capital Markets dropped their price objective on shares of 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. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of The Walt Disney in a research note on Monday, June 27th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $109.49.

The firm’s 50-day moving average price is $98.43 and its 200 day moving average price is $98.40. The company has a market cap of $159.36 billion and a PE ratio of 18.09.

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

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

In related news, EVP Brent Woodford sold 2,500 shares of The Walt Disney stock in a transaction dated 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 sale, the executive vice president now owns 27,975 shares of the company’s stock, valued at approximately $2,979,337.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Maria Elena Lagomasino acquired 980 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The stock was purchased at an average cost of $101.98 per share, with a total value of $99,940.40. Following the acquisition, the director now owns 2,820 shares in the company, valued at approximately $287,583.60. The disclosure for this purchase can be found here.

A number of large investors have recently made changes to their positions in the company. JFS Wealth Advisors LLC raised its stake in shares of The Walt Disney by 0.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 20,026 shares of the entertainment giant’s stock valued at $2,105,000 after buying an additional 75 shares during the period. Whitnell & Co. raised its stake in shares of The Walt Disney by 0.4% in the fourth quarter. Whitnell & Co. now owns 23,290 shares of the entertainment giant’s stock valued at $2,447,000 after buying an additional 100 shares during the period. Patriot Wealth Management Inc. raised its stake in shares of The Walt Disney by 0.3% in the fourth quarter. Patriot Wealth Management Inc. now owns 38,673 shares of the entertainment giant’s stock valued at $4,064,000 after buying an additional 112 shares during the period. Main Street Research LLC raised its stake in shares of The Walt Disney by 1.7% in the fourth quarter. Main Street Research LLC now owns 10,662 shares of the entertainment giant’s stock valued at $1,120,000 after buying an additional 180 shares during the period. Finally, Conning Inc. raised its stake in shares of The Walt Disney by 0.4% in the fourth quarter. Conning Inc. now owns 49,767 shares of the entertainment giant’s stock valued at $5,230,000 after buying an additional 185 shares during the period.

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.

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