Walt Disney (NYSE:DIS) Shares Down 3.3%

The Walt Disney Company (NYSE:DIS - Get Free Report) fell 3.3% during mid-day trading on Wednesday . The stock traded as low as $101.82 and last traded at $101.87. 8,253,188 shares traded hands during trading, a decline of 32% from the average session volume of 12,082,226 shares. The stock had previously closed at $105.35.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Barclays reduced their price target on Walt Disney from $135.00 to $130.00 and set an "overweight" rating for the company in a report on Wednesday, May 8th. The Goldman Sachs Group lowered their target price on shares of Walt Disney from $125.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft boosted their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday, May 6th. Argus raised their price target on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, April 10th. Finally, Evercore ISI decreased their price objective on shares of Walt Disney from $130.00 to $128.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.58.

Walt Disney Trading Down 2.4 %

The business's 50-day simple moving average is $113.94 and its two-hundred day simple moving average is $102.07. The stock has a market capitalization of $187.35 billion, a price-to-earnings ratio of 110.31, a PEG ratio of 1.29 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.09. The business had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 earnings per share. On average, research analysts anticipate that The Walt Disney Company will post 4.76 earnings per share for the current fiscal year.

Insider Activity 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 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Sonia L. Coleman sold 1,857 shares of the firm's 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 of the company's stock, valued at $536,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James P. Gorman purchased 20,000 shares of the business's stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the acquisition, the director now directly owns 20,467 shares of the company's stock, valued at $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by company insiders.

Institutional Trading of Walt Disney

Several institutional investors and hedge funds have recently bought and sold shares of the company. Avitas Wealth Management LLC increased its stake in Walt Disney by 2.2% during the fourth quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant's stock valued at $997,000 after purchasing an additional 238 shares during the last quarter. WNY Asset Management LLC boosted its stake in Walt Disney by 32.8% in the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant's stock valued at $756,000 after acquiring an additional 2,304 shares during the period. Telos Capital Management Inc. lifted its holdings in shares of Walt Disney by 1.7% in the 4th quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant's stock worth $6,751,000 after purchasing an additional 1,236 shares during the last quarter. Tempus Wealth Planning LLC increased its holdings in shares of Walt Disney by 4.5% in the 3rd quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant's stock worth $1,031,000 after acquiring an additional 546 shares during the period. Finally, Stelac Advisory Services LLC increased its holdings in shares of Walt Disney by 7.7% during the third quarter. Stelac Advisory Services LLC now owns 68,909 shares of the entertainment giant's stock valued at $5,598,000 after purchasing an additional 4,915 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.

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