Walt Disney (NYSE:DIS) Shares Down 0.1%

The Walt Disney Company (NYSE:DIS)’s stock price fell 0.1% during trading on Monday . The stock traded as low as $113.81 and last traded at $113.95. 2,448,308 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 12,200,182 shares. The stock had previously closed at $114.01.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DIS. Macquarie upped their price target on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research 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 company from $95.00 to $135.00 in a research report on Monday, March 25th. Needham & Company LLC upped their price target on shares of Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Morgan Stanley upped their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $124.54.

Walt Disney Stock Up 0.8 %

The business’s 50 day moving average is $113.59 and its 200-day moving average is $98.14. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The firm has a market capitalization of $208.91 billion, a price-to-earnings ratio of 70.30, a price-to-earnings-growth ratio of 1.64 and a beta of 1.42.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. During the same period last year, the business posted $0.99 EPS. Walt Disney’s revenue was down .1% compared to the same quarter last year. Equities analysts anticipate that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

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

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction on Monday, April 1st. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Walt Disney

Hedge funds and other institutional investors have recently made changes to their positions in the business. Planned Solutions Inc. bought a new position in shares of Walt Disney during the 4th quarter worth about $26,000. Gold Investment Management Ltd. bought a new position in shares of Walt Disney during the 4th quarter worth about $28,000. Dark Forest Capital Management LP bought a new position in shares of Walt Disney during the 1st quarter worth about $28,000. Worth Asset Management LLC acquired a new stake in shares of Walt Disney during the 1st quarter worth about $29,000. Finally, Fortis Group Advisors LLC acquired a new stake in shares of Walt Disney during the 3rd quarter worth about $30,000. 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.