Walt Disney (NYSE:DIS) Stock Price Up 1.3%

The Walt Disney Company (NYSE:DIS) traded up 1.3% during mid-day trading on Friday . The company traded as high as $90.71 and last traded at $90.48. 1,718,560 shares were traded during mid-day trading, a decline of 85% from the average session volume of 11,234,402 shares. The stock had previously closed at $89.30.

Analyst Ratings Changes

DIS has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Evercore ISI reduced their price objective on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Loop Capital cut their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. The Goldman Sachs Group initiated coverage on shares of Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective on the stock. Finally, Morgan Stanley lowered their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $117.95.

Walt Disney Stock Performance

The business has a fifty day moving average of $91.21 and a 200-day moving average of $102.72. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The company has a market cap of $164.18 billion, a PE ratio of 98.29, a P/E/G ratio of 1.31 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. Walt Disney’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 EPS. Equities research analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Walt Disney

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Walt Disney by 1.5% in the first quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock valued at $18,815,185,000 after acquiring an additional 2,325,582 shares during the period. Norges Bank bought a new stake in shares of Walt Disney in the fourth quarter worth about $1,938,647,000. Bank of New York Mellon Corp grew its holdings in shares of Walt Disney by 10.8% during the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after buying an additional 1,449,730 shares in the last quarter. Legal & General Group Plc grew its stake in Walt Disney by 3.1% in the second quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock valued at $1,417,958,000 after purchasing an additional 425,438 shares in the last quarter. Finally, Jennison Associates LLC bought a new position in Walt Disney in the first quarter valued at approximately $1,490,492,000. 65.71% of the stock is currently owned by institutional investors.

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.