The Walt Disney Company (NYSE:DIS - Get Free Report) rose 0.7% during trading on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $106.48 and last traded at $106.11. Approximately 5,215,782 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 11,981,943 shares. The stock had previously closed at $105.39.
The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.09. The firm had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. Walt Disney's revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.93 earnings per share.
Wall Street Analyst Weigh In
DIS has been the topic of several recent analyst reports. JPMorgan Chase & Co. started coverage on shares of Walt Disney in a research note on Thursday, April 11th. They issued an "overweight" rating and a $140.00 price target on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Monday. Loop Capital raised their target price on shares of Walt Disney from $113.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday. Wells Fargo & Company lifted their target price on shares of Walt Disney from $128.00 to $141.00 and gave the company an "overweight" rating in a report on Tuesday, April 23rd. Finally, Evercore ISI decreased their price target on shares of Walt Disney from $130.00 to $128.00 and set an "outperform" rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $126.46.
Check Out Our Latest Stock Analysis on DIS
Insider Buying and Selling at Walt Disney
In other news, EVP Sonia L. Coleman sold 1,857 shares of the company's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the sale, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.10% of the stock is owned by company insiders.
Institutional Trading of Walt Disney
A number of institutional investors have recently modified their holdings of DIS. Mcdonald Partners LLC boosted its stake in shares of Walt Disney by 0.5% during the 1st quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant's stock worth $2,199,000 after buying an additional 88 shares during the last quarter. Sendero Wealth Management LLC boosted its position in Walt Disney by 2.0% during the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant's stock valued at $569,000 after purchasing an additional 89 shares during the last quarter. McKinley Carter Wealth Services Inc. grew its stake in Walt Disney by 1.5% in the first quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant's stock valued at $721,000 after purchasing an additional 89 shares in the last quarter. Pflug Koory LLC increased its position in shares of Walt Disney by 1.0% during the 1st quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant's stock worth $1,100,000 after purchasing an additional 91 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC increased its holdings in Walt Disney by 3.5% during the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant's stock worth $343,000 after buying an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.
Walt Disney Price Performance
The stock has a market capitalization of $193.45 billion, a P/E ratio of 65.10, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40. The company's 50-day simple moving average is $114.59 and its 200-day simple moving average is $101.21. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77.
About Walt Disney
(
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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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