Walt Disney (NYSE:DIS) Stock Price Down 1.6%

The Walt Disney Company (NYSE:DIS - Get Free Report) fell 1.6% during trading on Thursday . The company traded as low as $101.02 and last traded at $101.36. 2,766,428 shares changed hands during trading, a decline of 77% from the average session volume of 11,913,481 shares. The stock had previously closed at $103.02.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DIS shares. Guggenheim increased their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, April 3rd. Bank of America raised their target price on shares of Walt Disney from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Monday, April 1st. JPMorgan Chase & Co. began coverage on shares of Walt Disney in a research note on Thursday, April 11th. They set an "overweight" rating and a $140.00 target price on the stock. Macquarie raised their target price on shares of Walt Disney from $104.00 to $107.00 and gave the company a "neutral" rating in a research note on Monday, May 13th. Finally, Tigress Financial reissued a "buy" rating and set a $136.00 target price on shares of Walt Disney in a research note on Wednesday, February 21st. One investment 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. According to MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and an average price target of $125.52.

Walt Disney Price Performance

The stock's 50-day moving average is $112.72 and its 200 day moving average is $102.79. The stock has a market capitalization of $183.53 billion, a PE ratio of 109.43, a P/E/G ratio of 1.28 and a beta of 1.40. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The firm's revenue was up 1.2% on a year-over-year basis. As a group, equities analysts predict that The Walt Disney Company will post 4.76 earnings per share for the current year.

Insiders Place Their Bets

In other Walt Disney news, Director James P. Gorman bought 20,000 shares of the firm's stock in a transaction on Wednesday, May 8th. The stock was bought at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now directly owns 20,467 shares of the company's stock, valued at approximately $2,170,116.01. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other Walt Disney news, Director James P. Gorman bought 20,000 shares of the firm's stock in a transaction on Wednesday, May 8th. The stock was bought at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now directly owns 20,467 shares of the company's stock, valued at approximately $2,170,116.01. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Sonia L. Coleman sold 4,400 shares of the business's stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Institutional Trading of Walt Disney

A number of institutional investors and hedge funds have recently modified their holdings of the company. Avitas Wealth Management LLC raised its stake in Walt Disney by 2.2% during the 4th 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 raised its stake in Walt Disney by 32.8% during the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant's stock valued at $756,000 after purchasing an additional 2,304 shares during the last quarter. Telos Capital Management Inc. raised its stake in Walt Disney by 1.7% during the 4th quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant's stock valued at $6,751,000 after purchasing an additional 1,236 shares during the last quarter. Stelac Advisory Services LLC lifted its holdings in shares of Walt Disney by 7.7% during the 3rd quarter. Stelac Advisory Services LLC now owns 68,909 shares of the entertainment giant's stock worth $5,598,000 after acquiring an additional 4,915 shares during the period. Finally, Howard Capital Management Group LLC lifted its holdings in shares of Walt Disney by 1.8% during the 4th quarter. Howard Capital Management Group LLC now owns 213,601 shares of the entertainment giant's stock worth $19,286,000 after acquiring an additional 3,716 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

About Walt Disney

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.