Walt Disney (NYSE:DIS) Shares Down 0.6%

The Walt Disney Company (NYSE:DIS - Get Free Report) dropped 0.6% during mid-day trading on Monday . The stock traded as low as $111.75 and last traded at $111.97. Approximately 1,282,725 shares traded hands during trading, a decline of 89% from the average daily volume of 11,967,490 shares. The stock had previously closed at $112.61.

Wall Street Analyst Weigh In

Several research firms recently commented on DIS. Evercore ISI raised their target price on Walt Disney from $115.00 to $130.00 and gave the company an "outperform" rating in a research report on Monday, April 8th. Bank of America raised their target price on shares of Walt Disney from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Monday, April 1st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Walt Disney from $115.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, February 7th. The Goldman Sachs Group lowered their price objective on shares of Walt Disney from $125.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, February 8th. Finally, Guggenheim upped their target price on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $124.54.

Walt Disney Stock Down 0.6 %

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The company has a market cap of $205.42 billion, a price-to-earnings ratio of 69.12, a price-to-earnings-growth ratio of 1.38 and a beta of 1.42. The business's 50 day simple moving average is $113.98 and its 200-day simple moving average is $98.83.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating 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 previous year, the company posted $0.99 earnings per share. The business's quarterly revenue was down .1% compared to the same quarter last year. Sell-side analysts expect that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be given a dividend of $0.45 per share. This represents a yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney's payout ratio is 18.52%.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the business's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares of the company's stock, valued at approximately $536,448. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Walt Disney

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted 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 during the period. Morgan Stanley boosted its holdings in Walt Disney by 0.4% during the third quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant's stock valued at $3,592,010,000 after purchasing an additional 195,512 shares in the last quarter. Trian Fund Management L.P. grew its stake in shares of Walt Disney by 411.6% in the 3rd 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 purchasing an additional 26,443,257 shares during the period. Northern Trust Corp lifted its position in shares of Walt Disney by 10.6% during the 3rd quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant's stock worth $2,014,861,000 after buying an additional 2,384,407 shares during the period. Finally, Norges Bank acquired a new stake in Walt Disney in the 4th quarter valued at $1,938,647,000. 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.