Walt Disney (NYSE:DIS) Stock Price Up 0.2%

The Walt Disney Company (NYSE:DIS) shares traded up 0.2% during mid-day trading on Thursday . The stock traded as high as $97.57 and last traded at $97.21. 1,369,853 shares traded hands during trading, a decline of 88% from the average session volume of 11,310,934 shares. The stock had previously closed at $96.97.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 target price on shares of Walt Disney in a report on Wednesday, July 3rd. Rosenblatt Securities increased their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Barclays lowered their target price on Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft increased their price target on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Monday, May 6th. Finally, 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. One 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $126.44.

Walt Disney Stock 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 company has a market capitalization of $176.11 billion, a price-to-earnings ratio of 105.66, a price-to-earnings-growth ratio of 1.21 and a beta of 1.40. The stock’s fifty day simple moving average is $102.44 and its 200-day simple moving average is $104.95.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating 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 business had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. During the same period last year, the firm earned $0.93 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts predict that The Walt Disney Company will post 4.75 EPS for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. ASB Consultores LLC acquired a new stake in shares of Walt Disney in the third quarter valued at approximately $240,000. Fortis Group Advisors LLC purchased a new position in Walt Disney during the 3rd quarter worth $30,000. VisionPoint Advisory Group LLC increased its stake in Walt Disney by 119.8% in the third quarter. VisionPoint Advisory Group LLC now owns 4,428 shares of the entertainment giant’s stock valued at $359,000 after purchasing an additional 2,413 shares during the period. CCM Investment Advisers LLC raised its holdings in shares of Walt Disney by 10.6% in the third quarter. CCM Investment Advisers LLC now owns 108,092 shares of the entertainment giant’s stock valued at $8,761,000 after buying an additional 10,346 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of Walt Disney by 50.7% during the third quarter. Sunbelt Securities Inc. now owns 17,517 shares of the entertainment giant’s stock worth $1,420,000 after buying an additional 5,893 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

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.