Walt Disney (NYSE:DIS) Shares Down 0.5%

Shares of The Walt Disney Company (NYSE:DIS - Get Free Report) were down 0.5% during trading on Friday . The company traded as low as $111.08 and last traded at $111.90. Approximately 2,492,254 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 12,010,584 shares. The stock had previously closed at $112.43.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DIS shares. Tigress Financial reissued a "buy" rating and issued a $136.00 target price on shares of Walt Disney in a research note on Wednesday, February 21st. Raymond James boosted their price target on Walt Disney from $112.00 to $128.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 26th. UBS Group lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, March 27th. Guggenheim increased their target price on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. initiated coverage on Walt Disney in a research note on Thursday, April 11th. They set an "overweight" rating and a $140.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $124.54.

Walt Disney Stock Up 0.2 %

The company has a market cap of $206.58 billion, a price-to-earnings ratio of 69.52, a P/E/G ratio of 1.64 and a beta of 1.42. 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 business has a fifty day moving average price of $113.98 and a two-hundred day moving average price of $98.56.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data 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 firm 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 company posted $0.99 earnings per share. The firm's revenue was down .1% on a year-over-year basis. On average, equities analysts predict that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

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

Insider Buying and Selling at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the firm's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of 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 document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Walt Disney by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant's stock valued at $13,673,834,000 after buying an additional 1,555,748 shares in the last quarter. Morgan Stanley increased its stake in shares of Walt Disney by 13.5% in the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant's stock valued at $4,011,473,000 after buying an additional 5,499,014 shares in the last quarter. Trian Fund Management L.P. increased its stake in shares of Walt Disney by 411.6% in the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant's stock valued at $2,663,976,000 after buying an additional 26,443,257 shares in the last quarter. Northern Trust Corp increased its stake in shares of Walt Disney by 10.6% in the third quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant's stock valued at $2,014,861,000 after buying an additional 2,384,407 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC increased its stake in shares of Walt Disney by 109,924.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant's stock valued at $2,056,126,000 after buying an additional 23,644,765 shares in the last quarter. 65.71% of the stock is 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.