Shares of The Walt Disney Company (NYSE:DIS - Get Free Report) shot up 0.6% during mid-day trading on Tuesday . The stock traded as high as $113.76 and last traded at $113.62. 1,592,294 shares were traded during trading, a decline of 87% from the average session volume of 12,156,285 shares. The stock had previously closed at $112.95.
Analyst Ratings Changes
Several research firms have issued reports on DIS. Bank of America raised their target price on Walt Disney from $130.00 to $145.00 and gave the stock a "buy" rating in a research note on Monday, April 1st. The Goldman Sachs Group dropped their price objective on Walt Disney from $125.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, February 8th. Wells Fargo & Company lifted their price objective on Walt Disney from $115.00 to $128.00 and gave the company an "overweight" rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. initiated coverage on Walt Disney in a research note on Thursday, April 11th. They issued an "overweight" rating and a $140.00 price objective for the company. Finally, Guggenheim lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $124.54.
Read Our Latest Research Report on DIS
Walt Disney Price Performance
The stock has a 50-day moving average price of $113.30 and a 200 day moving average price of $97.91. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The firm has a market cap of $208.91 billion, a price-to-earnings ratio of 70.14, a PEG ratio of 1.65 and a beta of 1.42.
Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business had revenue of $23.50 billion for the quarter, compared to analysts' expectations of $23.71 billion. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The business's revenue was down .1% compared to the same quarter last year. As a group, equities research analysts forecast that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.
Walt Disney Cuts Dividend
The business also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be given a $0.45 dividend. This represents a yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney's dividend payout ratio (DPR) is presently 18.52%.
Insider Activity at Walt Disney
In related news, EVP Sonia L. Coleman sold 1,857 shares of the business's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Walt Disney
Institutional investors have recently added to or reduced their stakes in the stock. Dark Forest Capital Management LP acquired a new position in Walt Disney during the 1st quarter worth approximately $28,000. Worth Asset Management LLC acquired a new position in Walt Disney during the 1st quarter worth approximately $29,000. Planned Solutions Inc. acquired a new position in Walt Disney during the 4th quarter worth approximately $26,000. Gold Investment Management Ltd. acquired a new position in Walt Disney during the 4th quarter worth approximately $28,000. Finally, SkyView Investment Advisors LLC increased its position in Walt Disney by 172.6% during the 2nd quarter. SkyView Investment Advisors LLC now owns 319 shares of the entertainment giant's stock worth $78,000 after purchasing an additional 202 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.
About Walt Disney
(
Get Free Report)
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.
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