The Walt Disney Company (NYSE:DIS - Get Free Report) dropped 0.1% on Monday . The company traded as low as $112.47 and last traded at $112.60. Approximately 1,186,298 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 11,652,560 shares. The stock had previously closed at $112.73.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Macquarie increased their price objective on shares of Walt Disney from $94.00 to $104.00 and gave the stock a "neutral" rating in a research note on Thursday, February 8th. Evercore ISI increased their target price on shares of Walt Disney from $115.00 to $130.00 and gave the stock an "outperform" rating in a research report on Monday, April 8th. Bank of America lifted their target price on Walt Disney from $130.00 to $145.00 and gave the company a "buy" rating in a research report on Monday, April 1st. Daiwa Capital Markets reissued a "buy" rating and issued a $133.00 target price on shares of Walt Disney in a report on Monday, April 1st. Finally, Morgan Stanley upped their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, March 4th. One 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's stock. Based on data from MarketBeat, Walt Disney has a consensus rating of "Moderate Buy" and an average price target of $125.08.
Read Our Latest Report on DIS
Walt Disney Price Performance
The firm has a market capitalization of $205.55 billion, a PE ratio of 69.17, a PEG ratio of 1.39 and a beta of 1.42. The stock has a 50-day moving average price of $114.19 and a 200 day moving average price of $100.06. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39.
Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share 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 company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The firm's revenue for the quarter was down .1% compared to the same quarter last year. Equities analysts forecast that The Walt Disney Company will post 4.66 EPS for the current fiscal 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 given a $0.45 dividend. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney's dividend payout ratio is currently 55.56%.
Insider Transactions at Walt Disney
In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction that occurred 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 transaction, the executive vice president now owns 4,400 shares of the company's stock, valued at $536,448. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.10% of the company's stock.
Institutional Trading of Walt Disney
Institutional investors have recently bought and sold shares of the company. Planned Solutions Inc. acquired a new position in Walt Disney in the fourth quarter valued at $26,000. Gold Investment Management Ltd. acquired a new stake in Walt Disney during the fourth quarter valued at approximately $28,000. Partnership Wealth Management LLC acquired a new stake in Walt Disney during the fourth quarter valued at approximately $33,000. Stone House Investment Management LLC raised its stake 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 buying an additional 270 shares in the last quarter. Finally, Red Tortoise LLC raised its stake in Walt Disney by 141.4% during the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant's stock valued at $45,000 after buying an additional 215 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.
About Walt Disney
(
Get Free Report)
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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