Walt Disney (NYSE:DIS) Stock Price Down 0.7% - Here's Why

The Walt Disney Company (NYSE:DIS - Get Free Report) was down 0.7% during trading on Tuesday . The company traded as low as $96.98 and last traded at $98.02. Approximately 2,360,407 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 8,789,101 shares. The stock had previously closed at $98.70.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Loop Capital lifted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Macquarie restated a "neutral" rating and set a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Prescient Securities lowered their target price on Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Needham & Company LLC reissued a "buy" rating and set a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $135.00 price objective on shares of Walt Disney in a research report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.33.

Walt Disney Trading Down 6.0 %

The firm has a market cap of $150.99 billion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average price of $105.68 and a 200-day moving average price of $105.20.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. As a group, research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Institutional Trading of Walt Disney

Large investors have recently modified their holdings of the business. Moody National Bank Trust Division grew its stake in Walt Disney by 0.9% during the 1st quarter. Moody National Bank Trust Division now owns 22,599 shares of the entertainment giant's stock valued at $2,231,000 after purchasing an additional 203 shares in the last quarter. Agate Pass Investment Management LLC boosted its stake in shares of Walt Disney by 6.4% during the 1st quarter. Agate Pass Investment Management LLC now owns 13,507 shares of the entertainment giant's stock valued at $1,333,000 after buying an additional 815 shares during the last quarter. Legacy Private Trust Co. grew its position in shares of Walt Disney by 24.5% during the first quarter. Legacy Private Trust Co. now owns 18,321 shares of the entertainment giant's stock worth $1,808,000 after buying an additional 3,609 shares in the last quarter. Central Pacific Bank Trust Division increased its stake in shares of Walt Disney by 21.2% in the first quarter. Central Pacific Bank Trust Division now owns 23,572 shares of the entertainment giant's stock worth $2,327,000 after buying an additional 4,125 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in Walt Disney by 70.6% in the first quarter. Versant Capital Management Inc now owns 6,257 shares of the entertainment giant's stock valued at $618,000 after acquiring an additional 2,589 shares in the last quarter. 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.