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

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

Analyst Ratings Changes

Several equities analysts have commented on the company. Loop Capital lowered their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Macquarie cut their target price on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Barclays lowered their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Wells Fargo & Company cut their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $117.95.

Walt Disney Price Performance

The company has a market cap of $164.22 billion, a price-to-earnings ratio of 98.42, a P/E/G ratio of 1.31 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The company’s 50 day moving average price is $91.06 and its 200 day moving average price is $102.55.

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

Insider Buying and Selling

In related news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. ESL Trust Services LLC acquired a new stake in Walt Disney in the first quarter worth about $31,000. Gold Investment Management Ltd. acquired a new position in Walt Disney in the fourth quarter valued at approximately $28,000. William B. Walkup & Associates Inc. bought a new stake in shares of Walt Disney during the 2nd quarter valued at $32,000. Red Tortoise LLC boosted its position in shares of Walt Disney by 141.4% in the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 215 shares during the last quarter. Finally, Frank Rimerman Advisors LLC bought a new stake in Walt Disney in the fourth quarter valued at about $37,000. 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.