Walt Disney (NYSE:DIS) Stock Price Down 0.8%

The Walt Disney Company (NYSE:DIS) traded down 0.8% on Tuesday . The company traded as low as $96.15 and last traded at $96.57. 3,180,097 shares traded hands during trading, a decline of 72% from the average session volume of 11,367,506 shares. The stock had previously closed at $97.37.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DIS shares. UBS Group cut their price objective on Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Moffett Nathanson reduced their price target on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Bank of America lifted their price target on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. The Goldman Sachs Group started coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $126.44.

Walt Disney Stock Down 0.3 %

The company has a 50-day moving average of $102.99 and a two-hundred day moving average of $104.96. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $176.93 billion, a P/E ratio of 104.97, a price-to-earnings-growth ratio of 1.22 and a beta of 1.40.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. During the same quarter in the previous year, the business posted $0.93 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, research analysts predict that The Walt Disney Company will post 4.75 EPS for the current year.

Insider Activity

In related news, Director James P. Gorman purchased 20,000 shares of Walt Disney stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the acquisition, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James P. Gorman acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the transaction, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The disclosure for this purchase can be found here. Company insiders own 0.10% of the company’s stock.

Institutional Trading of Walt Disney

A number of institutional investors have recently made changes to their positions in DIS. Folger Nolan Fleming Douglas Capital Management Inc. boosted its holdings in Walt Disney by 1.5% in the second quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 82,216 shares of the entertainment giant’s stock worth $8,163,000 after purchasing an additional 1,219 shares during the last quarter. Lynx Investment Advisory purchased a new position in shares of Walt Disney in the 2nd quarter worth $112,000. Mather Group LLC. grew its holdings in shares of Walt Disney by 74.2% in the second quarter. Mather Group LLC. now owns 22,351 shares of the entertainment giant’s stock worth $2,219,000 after acquiring an additional 9,524 shares during the period. Leibman Financial Services Inc. increased its position in Walt Disney by 1.7% during the second quarter. Leibman Financial Services Inc. now owns 37,998 shares of the entertainment giant’s stock valued at $3,773,000 after acquiring an additional 634 shares during the last quarter. Finally, Trust Co. of Toledo NA OH lifted its holdings in Walt Disney by 2.4% in the second quarter. Trust Co. of Toledo NA OH now owns 46,881 shares of the entertainment giant’s stock valued at $4,655,000 after acquiring an additional 1,111 shares during the period. Hedge funds and other institutional investors 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.