Walt Disney (NYSE:DIS) Stock Price Down 0.6% on Analyst Downgrade

The Walt Disney Company (NYSE:DIS)’s share price dropped 0.6% during trading on Tuesday after Moffett Nathanson lowered their price target on the stock from $130.00 to $125.00. Moffett Nathanson currently has a buy rating on the stock. Walt Disney traded as low as $97.10 and last traded at $97.45. Approximately 2,855,348 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 11,449,450 shares. The stock had previously closed at $98.04.

Several other research firms have also issued reports on DIS. Barclays decreased their target price on Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Macquarie raised their price objective on shares of Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Argus upped their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, Wells Fargo & Company upped their price objective on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. One equities 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 presently has an average rating of “Moderate Buy” and a consensus target price of $126.44.

Insider Activity

In other news, Director James P. Gorman acquired 20,000 shares of the business’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 transaction, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney 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 document filed with the SEC, which is accessible through this link. Also, Director James P. Gorman acquired 20,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was acquired at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the transaction, the director now directly owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. Corporate insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DIS. ESL Trust Services LLC acquired a new stake in shares of Walt Disney in the 1st quarter worth approximately $31,000. Planned Solutions Inc. purchased a new position in shares of Walt Disney in the fourth quarter valued at $26,000. Gold Investment Management Ltd. acquired a new position in shares of Walt Disney during the 4th quarter worth $28,000. Partnership Wealth Management LLC purchased a new stake in shares of Walt Disney in the 4th quarter worth about $33,000. Finally, Stone House Investment Management LLC grew its stake in Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after acquiring an additional 270 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The stock has a market capitalization of $177.14 billion, a PE ratio of 105.93, a P/E/G ratio of 1.23 and a beta of 1.40. The company’s fifty day simple moving average is $104.76 and its two-hundred day simple moving average is $104.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same period in the prior year, the business earned $0.93 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts predict that The Walt Disney Company will post 4.76 EPS for the current year.

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.