Walt Disney (NYSE:DIS) Shares Down 0.4%

The Walt Disney Company (NYSE:DIS - Get Free Report) shares traded down 0.4% on Tuesday . The stock traded as low as $111.08 and last traded at $111.67. 2,090,773 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 11,610,094 shares. The stock had previously closed at $112.08.

Analysts Set New Price Targets

DIS has been the topic of several analyst reports. Bank of America increased their price target on Walt Disney from $130.00 to $145.00 and gave the company a "buy" rating in a report on Monday, April 1st. The Goldman Sachs Group dropped their target price on shares of Walt Disney from $125.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, February 8th. Rosenblatt Securities upped their price target on shares of Walt Disney from $129.00 to $137.00 and gave the company a "buy" rating in a report on Tuesday, April 2nd. Needham & Company LLC lifted their price objective on Walt Disney from $120.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, March 28th. Finally, Morgan Stanley increased their target price on Walt Disney from $110.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $125.08.

Walt Disney Trading Down 0.9 %

The stock has a market cap of $203.80 billion, a P/E ratio of 68.58, a price-to-earnings-growth ratio of 1.39 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's fifty day simple moving average is $114.22 and its 200 day simple moving average is $100.25.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating the consensus estimate of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business had revenue of $23.50 billion for the quarter, compared to analysts' expectations of $23.71 billion. During the same period in the prior year, the firm earned $0.99 earnings per share. Walt Disney's revenue was down .1% compared to the same quarter last year. As a group, analysts expect that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

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

Insider Activity at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction that occurred 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 sale, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Trian Fund Management L.P. raised its holdings in 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 worth $2,663,976,000 after purchasing an additional 26,443,257 shares during the period. Norges Bank bought a new stake in shares of Walt Disney in the 4th quarter valued at $1,938,647,000. ValueAct Holdings L.P. acquired a new stake in Walt Disney during the 4th quarter worth $459,245,000. First Eagle Investment Management LLC bought a new position in Walt Disney during the third quarter worth about $326,171,000. Finally, International Assets Investment Management LLC grew its stake in Walt Disney by 8,681.3% in the fourth quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant's stock valued at $302,445,000 after acquiring an additional 3,311,563 shares during the period. Institutional investors and hedge funds 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.