Walt Disney (NYSE:DIS) Shares Up 0.6%

The Walt Disney Company (NYSE:DIS) shares traded up 0.6% during trading on Tuesday . The stock traded as high as $113.76 and last traded at $113.62. 1,592,294 shares were traded during trading, a decline of 87% from the average session volume of 12,156,285 shares. The stock had previously closed at $112.95.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Walt Disney in a research note on Thursday, April 11th. They set an “overweight” rating and a $140.00 price target on the stock. Raymond James raised their target price on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. UBS Group raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Morgan Stanley raised their target price 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, Daiwa Capital Markets reiterated a “buy” rating and issued a $133.00 target price on shares of Walt Disney in a research note on Monday, April 1st. One investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $124.54.

Walt Disney Trading Down 0.8 %

The business’s fifty day simple moving average is $113.86 and its two-hundred day simple moving average is $98.25. The stock has a market capitalization of $207.17 billion, a P/E ratio of 69.72, a P/E/G ratio of 1.65 and a beta of 1.42. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. The company had revenue of $23.50 billion during 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 firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm earned $0.99 EPS. As a group, analysts forecast that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

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

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the transaction, 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 through this hyperlink. 0.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Walt Disney

Hedge funds have recently made changes to their positions in the company. Planned Solutions Inc. acquired a new stake in Walt Disney in the 4th quarter valued at about $26,000. Gold Investment Management Ltd. acquired a new stake in Walt Disney in the 4th quarter valued at about $28,000. Dark Forest Capital Management LP acquired a new stake in Walt Disney in the 1st quarter valued at about $28,000. Worth Asset Management LLC acquired a new stake in Walt Disney in the 1st quarter valued at about $29,000. Finally, Fortis Group Advisors LLC acquired a new stake in Walt Disney in the 3rd quarter valued at about $30,000. Institutional investors and hedge funds 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.