Walt Disney (NYSE:DIS) Trading Down 0.2%

Shares of The Walt Disney Company (NYSE:DIS) dropped 0.2% on Monday . The stock traded as low as $102.84 and last traded at $103.00. Approximately 2,150,509 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 12,045,785 shares. The stock had previously closed at $103.25.

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent research reports. Macquarie increased their price target on Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. The Goldman Sachs Group cut their target price on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Loop Capital upped their target price on Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Evercore ISI cut their target price on Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Finally, Tigress Financial restated a “buy” rating and set a $136.00 target price on shares of Walt Disney in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $125.52.

Walt Disney Stock Up 0.1 %

The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $187.96 billion, a PE ratio of 112.10, a P/E/G ratio of 1.25 and a beta of 1.40. The stock has a 50-day moving average of $113.14 and a 200 day moving average of $102.80.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. During the same period last year, the business posted $0.93 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts anticipate that The Walt Disney Company will post 4.76 EPS for the current year.

Insiders Place Their Bets

In related news, Director James P. Gorman purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the acquisition, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director James P. Gorman purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the acquisition, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Walt Disney

Several hedge funds have recently added to or reduced their stakes in the company. Second Line Capital LLC purchased a new position in shares of Walt Disney in the first quarter worth about $201,000. Atria Investments Inc increased its holdings in shares of Walt Disney by 45.1% in the first quarter. Atria Investments Inc now owns 154,530 shares of the entertainment giant’s stock worth $18,915,000 after buying an additional 48,053 shares during the period. Swedbank AB purchased a new position in shares of Walt Disney in the first quarter worth about $493,715,000. Sanibel Captiva Trust Company Inc. increased its holdings in shares of Walt Disney by 4.5% in the first quarter. Sanibel Captiva Trust Company Inc. now owns 279,066 shares of the entertainment giant’s stock worth $34,147,000 after buying an additional 12,140 shares during the period. Finally, LRI Investments LLC purchased a new position in shares of Walt Disney in the first quarter worth about $385,000. Institutional investors 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.