Walt Disney (NYSE:DIS) Stock Price Down 1.5% – Should You Sell?

Shares of The Walt Disney Company (NYSE:DIS) fell 1.5% during trading on Monday . The stock traded as low as $83.00 and last traded at $83.58. 2,847,474 shares were traded during mid-day trading, a decline of 71% from the average session volume of 9,806,433 shares. The stock had previously closed at $84.81.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DIS shares. Loop Capital upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Prescient Securities cut their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Citigroup reiterated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Barclays reduced their target price on shares of Walt Disney from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $123.96.

Walt Disney Stock Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The company has a 50 day simple moving average of $99.24 and a 200-day simple moving average of $104.45. The firm has a market cap of $150.90 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Hedge Funds Weigh In On Walt Disney

A number of hedge funds have recently modified their holdings of DIS. Trek Financial LLC increased its position in Walt Disney by 479.9% during the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock valued at $4,044,000 after purchasing an additional 30,057 shares during the period. Brookstone Capital Management raised its stake in Walt Disney by 10.5% in the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock worth $15,687,000 after buying an additional 13,339 shares in the last quarter. Greystone Financial Group LLC lifted its holdings in Walt Disney by 13.3% in the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock worth $9,486,000 after buying an additional 9,967 shares during the period. Avanza Fonder AB bought a new stake in Walt Disney during the 4th quarter valued at approximately $15,125,000. Finally, FourThought Financial Partners LLC purchased a new position in shares of Walt Disney during the 4th quarter worth approximately $446,000. Hedge funds and other 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.