Walt Disney (NYSE:DIS) Trading Down 0.2% Following Insider Selling

The Walt Disney Company (NYSE:DIS - Get Free Report) shares dropped 0.2% during mid-day trading on Friday after an insider sold shares in the company. The company traded as low as $105.42 and last traded at $105.59. Approximately 5,445,643 shares changed hands during trading, a decline of 55% from the average daily volume of 12,057,168 shares. The stock had previously closed at $105.80.

Specifically, Director James P. Gorman bought 20,000 shares of the company's stock in a transaction dated Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the acquisition, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Sonia L. Coleman sold 4,400 shares of the company's stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James P. Gorman bought 20,000 shares of the firm's stock in a transaction on Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the transaction, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The disclosure for this purchase can be found here. Insiders own 0.10% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on DIS. Raymond James increased their target price on shares of Walt Disney from $112.00 to $128.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday. Rosenblatt Securities increased their price target on shares of Walt Disney from $129.00 to $137.00 and gave the stock a "buy" rating in a research report on Tuesday, April 2nd. Argus increased their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, April 10th. Finally, Macquarie increased their price target on shares of Walt Disney from $94.00 to $104.00 and gave the stock a "neutral" rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $126.46.

Walt Disney Price Performance

The company's 50 day moving average price is $114.37 and its 200-day moving average price is $101.27. The stock has a market cap of $194.07 billion, a P/E ratio of 115.00, a P/E/G ratio of 1.39 and a beta of 1.40. 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 announced its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.09. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. During the same quarter last year, the firm earned $0.93 earnings per share. Walt Disney's quarterly revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts expect that The Walt Disney Company will post 4.7 earnings per share for the current year.

Hedge Funds Weigh In On Walt Disney

Hedge funds have recently bought and sold shares of the company. Mcdonald Partners LLC grew its position in shares of Walt Disney by 0.5% during the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant's stock worth $2,199,000 after purchasing an additional 88 shares in the last quarter. Sendero Wealth Management LLC grew its holdings in Walt Disney by 2.0% during the 1st quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant's stock valued at $569,000 after buying an additional 89 shares in the last quarter. McKinley Carter Wealth Services Inc. raised its position in shares of Walt Disney by 1.5% during the first quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant's stock valued at $721,000 after buying an additional 89 shares during the last quarter. Pflug Koory LLC raised its position in shares of Walt Disney by 1.0% during the first quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant's stock valued at $1,100,000 after buying an additional 91 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC raised its position in shares of Walt Disney by 3.5% during the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant's stock valued at $343,000 after buying an additional 94 shares during the last quarter. 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.