Walt Disney (NYSE:DIS) Shares Up 0.5%

Shares of The Walt Disney Company (NYSE:DIS) traded up 0.5% during mid-day trading on Wednesday . The company traded as high as $103.83 and last traded at $103.56. 1,946,527 shares were traded during mid-day trading, a decline of 84% from the average session volume of 11,950,749 shares. The stock had previously closed at $103.01.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of recent analyst reports. Guggenheim lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Barclays lowered their price objective on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Raymond James lifted their target price on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective for the company in a report on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $145.00 price objective on shares of Walt Disney in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.52.

Walt Disney Trading Up 0.1 %

The firm has a 50-day moving average of $113.14 and a 200 day moving average of $102.80. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $188.01 billion, a price-to-earnings ratio of 112.10, a PEG ratio of 1.25 and a beta of 1.40.

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, beating 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 company had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. During the same quarter in the prior year, the company earned $0.93 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities analysts predict that The Walt Disney Company will post 4.76 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In related news, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director James P. Gorman bought 20,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was purchased at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction dated Thursday, May 9th. The stock was 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. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Walt Disney

Several hedge funds have recently bought and sold shares of DIS. Second Line Capital LLC acquired a new stake in shares of Walt Disney in the first quarter valued at approximately $201,000. Atria Investments Inc raised its position 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 valued at $18,915,000 after buying an additional 48,053 shares in the last quarter. Swedbank AB bought a new position in Walt Disney in the first quarter valued at approximately $493,715,000. Sanibel Captiva Trust Company Inc. grew its stake in shares of Walt Disney by 4.5% during 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 last quarter. Finally, LRI Investments LLC bought a new stake in shares of Walt Disney in the first quarter worth $385,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

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.