Walt Disney (NYSE:DIS) Shares Down 0.4%

Shares of The Walt Disney Company (NYSE:DIS) dropped 0.4% during trading on Tuesday . The company traded as low as $111.08 and last traded at $111.67. Approximately 2,090,773 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 11,610,094 shares. The stock had previously closed at $112.08.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Barclays upgraded shares of Walt Disney from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $95.00 to $135.00 in a report on Monday, March 25th. Macquarie boosted their price objective on Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Rosenblatt Securities increased their target price on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, Tigress Financial restated a “buy” rating and set a $136.00 price target on shares of Walt Disney in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.08.

Walt Disney Stock Performance

The company has a market capitalization of $203.79 billion, a price-to-earnings ratio of 68.61, a P/E/G ratio of 1.39 and a beta of 1.42. The company has a 50 day moving average price of $114.19 and a 200 day moving average price of $100.06. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.25. The firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.99 earnings per share. Equities research analysts predict that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be paid a $0.45 dividend. This represents a dividend yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Walt Disney

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brookstone Capital Management lifted its stake in shares of Walt Disney by 15.7% during the 3rd quarter. Brookstone Capital Management now owns 88,880 shares of the entertainment giant’s stock valued at $7,399,000 after buying an additional 12,038 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Walt Disney by 0.5% during the third quarter. Commonwealth Equity Services LLC now owns 1,053,911 shares of the entertainment giant’s stock worth $85,419,000 after acquiring an additional 5,134 shares in the last quarter. FAS Wealth Partners Inc. lifted its position in shares of Walt Disney by 1.7% during the third quarter. FAS Wealth Partners Inc. now owns 16,912 shares of the entertainment giant’s stock worth $1,371,000 after acquiring an additional 285 shares in the last quarter. RMR Wealth Builders boosted its holdings in shares of Walt Disney by 46.7% in the third quarter. RMR Wealth Builders now owns 13,643 shares of the entertainment giant’s stock worth $1,106,000 after acquiring an additional 4,344 shares during the period. Finally, Cumberland Advisors Inc. grew its position in shares of Walt Disney by 1.4% in the third quarter. Cumberland Advisors Inc. now owns 14,350 shares of the entertainment giant’s stock valued at $1,163,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other 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.