Walt Disney (NYSE:DIS) Stock Price Down 0.4%

The Walt Disney Company (NYSE:DIS) was down 0.4% during mid-day trading on Tuesday . The stock traded as low as $118.19 and last traded at $118.87. Approximately 2,169,962 shares changed hands during trading, a decline of 82% from the average daily volume of 12,393,580 shares. The stock had previously closed at $119.36.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Tigress Financial reiterated a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a research note on Wednesday, February 21st. Morgan Stanley boosted their target price on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. UBS Group upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Company boosted their price target on Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, Raymond James upped 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $116.64.

Walt Disney Trading Up 0.9 %

The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average price of $106.66 and a 200-day moving average price of $94.34. The firm has a market cap of $221.91 billion, a price-to-earnings ratio of 74.68, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter in the previous year, the firm earned $0.99 EPS. The company’s revenue was down .1% on a year-over-year basis. As a group, research analysts expect that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be paid a $0.45 dividend. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s payout ratio is 18.52%.

Insider Buying and Selling at Walt Disney

In related news, EVP Sonia L. Coleman sold 898 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total value of $80,918.78. Following the sale, the executive vice president now directly owns 1,861 shares in the company, valued at approximately $167,694.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Walt Disney

Several hedge funds and other institutional investors have recently bought and sold shares of DIS. WNY Asset Management LLC lifted its stake in Walt Disney by 32.8% during the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after buying an additional 2,304 shares in the last quarter. Silvia Mccoll Wealth Management LLC boosted its stake in shares of Walt Disney by 4.2% during the 2nd quarter. Silvia Mccoll Wealth Management LLC now owns 4,040 shares of the entertainment giant’s stock valued at $361,000 after buying an additional 164 shares during the period. Pathway Financial Advisors LLC raised its holdings in shares of Walt Disney by 4.9% during the third quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock worth $245,000 after acquiring an additional 141 shares in the last quarter. Tempus Wealth Planning LLC grew its stake in shares of Walt Disney by 4.5% in the 3rd quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock valued at $1,031,000 after buying an additional 546 shares in the last quarter. Finally, DCM Advisors LLC grew its position in Walt Disney by 0.3% in the second quarter. DCM Advisors LLC now owns 73,970 shares of the entertainment giant’s stock worth $6,604,000 after acquiring an additional 198 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

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.