Walt Disney (NYSE:DIS) Trading Down 0.2%

The Walt Disney Company (NYSE:DIS - Get Free Report)'s stock price traded down 0.2% during mid-day trading on Wednesday . The stock traded as low as $113.14 and last traded at $113.51. 1,828,721 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 11,844,281 shares. The stock had previously closed at $113.71.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Barclays raised Walt Disney from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $95.00 to $135.00 in a research note on Monday, March 25th. Tigress Financial reissued a "buy" rating and issued a $136.00 price objective on shares of Walt Disney in a research note on Wednesday, February 21st. Raymond James increased their price objective on Walt Disney from $112.00 to $128.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 26th. The Goldman Sachs Group dropped their price objective on 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, Deutsche Bank Aktiengesellschaft dropped their target price on Walt Disney from $115.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $125.08.

Walt Disney Price Performance

The company has a market cap of $209.02 billion, a PE ratio of 70.34, a price-to-earnings-growth ratio of 1.38 and a beta of 1.42. 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 stock has a 50 day moving average of $114.15 and a 200-day moving average of $99.37.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.25. The company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm's quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the business posted $0.99 EPS. 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 disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney's payout ratio is currently 18.52%.

Insider Buying and Selling at Walt Disney

In other 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 transaction of $226,405.44. Following 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 Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.10% of the company's stock.

Institutional Investors Weigh In On Walt Disney

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Walt Disney by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant's stock worth $13,673,834,000 after buying an additional 1,555,748 shares during the last quarter. Morgan Stanley boosted its holdings in Walt Disney by 0.4% in the 3rd quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant's stock worth $3,592,010,000 after buying an additional 195,512 shares during the last quarter. Trian Fund Management L.P. boosted its holdings in shares of Walt Disney by 411.6% during the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant's stock worth $2,663,976,000 after purchasing an additional 26,443,257 shares during the last quarter. Northern Trust Corp boosted its holdings 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 purchasing an additional 2,384,407 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Walt Disney during the 4th quarter valued at approximately $1,938,647,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

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.