Walt Disney (NYSE:DIS) Trading 0.9% Higher

The Walt Disney Company (NYSE:DIS)’s stock price was up 0.9% during mid-day trading on Monday . The company traded as high as $91.49 and last traded at $91.35. Approximately 1,280,835 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 11,511,889 shares. The stock had previously closed at $90.56.

Analyst Ratings Changes

DIS has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Bank of America cut their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Redburn Atlantic upgraded shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price on the stock in a report on Tuesday, May 21st. Loop Capital cut their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Finally, Barclays lowered their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $117.95.

Walt Disney Stock Up 1.3 %

The firm’s 50 day simple moving average is $94.36 and its two-hundred day simple moving average is $104.63. The firm has a market cap of $167.32 billion, a price-to-earnings ratio of 99.29, a PEG ratio of 1.15 and a beta of 1.40. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.03 earnings per share. On average, equities analysts forecast that The Walt Disney Company will post 4.77 EPS for the current year.

Insider Activity

In other news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Walt Disney

Hedge funds and other institutional investors have recently modified their holdings of the business. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Walt Disney by 7.3% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 265,918 shares of the entertainment giant’s stock valued at $26,403,000 after purchasing an additional 18,039 shares during the last quarter. Delphi Management Inc. MA increased its holdings in shares of Walt Disney by 5.0% during the second quarter. Delphi Management Inc. MA now owns 16,338 shares of the entertainment giant’s stock worth $1,622,000 after buying an additional 785 shares in the last quarter. Somnio Financial Group LLC acquired a new position in shares of Walt Disney during the second quarter worth $327,000. Aldebaran Financial Inc. lifted its stake in shares of Walt Disney by 1.5% in the 2nd quarter. Aldebaran Financial Inc. now owns 11,664 shares of the entertainment giant’s stock valued at $1,158,000 after acquiring an additional 174 shares during the last quarter. Finally, 3Chopt Investment Partners LLC acquired a new stake in shares of Walt Disney during the 2nd quarter valued at $509,000. 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.