Walt Disney (NYSE:DIS) Stock Price Up 0.2%

The Walt Disney Company (NYSE:DIS - Get Free Report)'s share price traded up 0.2% during mid-day trading on Friday . The company traded as high as $114.11 and last traded at $112.85. 1,891,211 shares were traded during mid-day trading, a decline of 83% from the average session volume of 11,448,641 shares. The stock had previously closed at $112.62.

Analysts Set New Price Targets

Several equities analysts have recently commented on DIS shares. Evercore ISI upped their price objective on shares of Walt Disney from $115.00 to $130.00 and gave the company an "outperform" rating in a research note on Monday, April 8th. Rosenblatt Securities lifted their price objective on Walt Disney from $129.00 to $137.00 and gave the stock a "buy" rating in a research report on Tuesday, April 2nd. Macquarie upped their target price on Walt Disney from $94.00 to $104.00 and gave the company a "neutral" rating in a report on Thursday, February 8th. The Goldman Sachs Group lowered their price objective on shares of Walt Disney from $125.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, February 8th. Finally, Needham & Company LLC lifted their price target on Walt Disney from $120.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $125.08.

Walt Disney Stock Up 0.9 %

The company's 50 day simple moving average is $114.38 and its 200-day simple moving average is $100.40. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The firm has a market cap of $208.53 billion, a P/E ratio of 70.16, a PEG ratio of 1.36 and a beta of 1.40.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter in the prior year, the firm earned $0.99 earnings per share. The firm's revenue for the quarter was down .1% compared to the same quarter last year. Research analysts forecast that The Walt Disney Company will post 4.67 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney's dividend payout ratio (DPR) is currently 18.52%.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the firm'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 directly owns 4,400 shares of the company's stock, valued at $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Planned Solutions Inc. purchased a new stake in Walt Disney in the fourth quarter worth about $26,000. Gold Investment Management Ltd. purchased a new stake in Walt Disney in the 4th quarter worth approximately $28,000. Partnership Wealth Management LLC bought a new stake in Walt Disney during the 4th quarter worth approximately $33,000. Stone House Investment Management LLC lifted its holdings in Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant's stock valued at $31,000 after purchasing an additional 270 shares in the last quarter. Finally, Red Tortoise LLC boosted its position in shares of Walt Disney by 141.4% in the first 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 period. 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.

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