Walt Disney (NYSE:DIS) Shares Down 0.2%

The Walt Disney Company (NYSE:DIS)’s stock price dropped 0.2% during mid-day trading on Friday . The company traded as low as $101.70 and last traded at $102.00. Approximately 2,291,615 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 11,331,170 shares. The stock had previously closed at $102.17.

Analysts Set New Price Targets

DIS has been the topic of a number of research analyst reports. Argus lifted their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Bank of America lifted their price target on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Needham & Company LLC reissued a “buy” rating and set a $145.00 price objective on shares of Walt Disney in a research note on Tuesday, May 7th. Wells Fargo & Company boosted their price objective on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.50.

Walt Disney Price Performance

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 cap of $180.23 billion, a PE ratio of 110.87, a P/E/G ratio of 1.27 and a beta of 1.40. The company has a fifty day moving average of $105.23 and a 200-day moving average of $104.53.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. During the same period in the previous year, the firm posted $0.93 EPS. Walt Disney’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts expect that The Walt Disney Company will post 4.75 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was 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 SEC, which is available at this hyperlink. In other news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was 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 SEC, which is available at this hyperlink. Also, Director James P. Gorman acquired 20,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by insiders.

Institutional Trading of Walt Disney

A number of large investors have recently made changes to their positions in DIS. Norges Bank acquired a new stake in shares of Walt Disney in the 4th quarter valued at about $1,938,647,000. Jennison Associates LLC purchased a new stake in Walt Disney during the 1st quarter valued at approximately $1,490,492,000. Capital World Investors raised its stake in Walt Disney by 3,332.4% during the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after acquiring an additional 6,084,993 shares during the last quarter. ValueAct Holdings L.P. purchased a new stake in Walt Disney during the 4th quarter valued at approximately $459,245,000. Finally, Swedbank AB purchased a new stake in Walt Disney during the 1st quarter valued at approximately $493,715,000. 65.71% of the stock is 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.