Walt Disney (NYSE:DIS) Trading 0.3% Higher

The Walt Disney Company (NYSE:DIS) traded up 0.3% on Monday . The company traded as high as $88.89 and last traded at $88.23. 1,517,560 shares were traded during mid-day trading, a decline of 87% from the average session volume of 11,303,066 shares. The stock had previously closed at $87.94.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Moffett Nathanson decreased their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Bank of America decreased their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. UBS Group cut their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. decreased their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price for the company in a research note on Tuesday, May 21st. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $117.95.

Walt Disney Trading Up 0.4 %

The firm’s fifty day moving average price is $91.98 and its 200-day moving average price is $103.19. The company has a market cap of $160.09 billion, a price-to-earnings ratio of 96.16, a P/E/G ratio of 1.31 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. Walt Disney’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 EPS. On average, equities analysts expect that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Walt Disney

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DIS. Lazari Capital Management Inc. grew its stake in shares of Walt Disney by 0.5% in the 2nd quarter. Lazari Capital Management Inc. now owns 66,732 shares of the entertainment giant’s stock worth $6,626,000 after purchasing an additional 351 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Walt Disney in the second quarter worth approximately $31,114,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Walt Disney in the second quarter valued at $246,000. Farmers National Bank lifted its position in shares of Walt Disney by 4.6% during the 2nd quarter. Farmers National Bank now owns 49,627 shares of the entertainment giant’s stock valued at $4,927,000 after acquiring an additional 2,200 shares during the last quarter. Finally, RiverFront Investment Group LLC grew its holdings in shares of Walt Disney by 3.9% in the 2nd quarter. RiverFront Investment Group LLC now owns 5,780 shares of the entertainment giant’s stock worth $574,000 after acquiring an additional 216 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

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.