Walt Disney (NYSE:DIS) Shares Gap Down - Time to Sell?

Shares of The Walt Disney Company (NYSE:DIS - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $103.08, but opened at $99.79. Walt Disney shares last traded at $99.33, with a volume of 1,998,281 shares.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Loop Capital boosted their target price on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Citigroup restated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Evercore ISI upped their price target on shares of Walt Disney from $128.00 to $134.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. Redburn Atlantic raised shares of Walt Disney from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group started coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a "hold" rating and a $120.00 target price on the stock. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Walt Disney has a consensus rating of "Moderate Buy" and an average target price of $125.64.

Walt Disney Price Performance

The stock has a market capitalization of $178.48 billion, a PE ratio of 32.16, a P/E/G ratio of 1.80 and a beta of 1.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The company's fifty day simple moving average is $109.10 and its two-hundred day simple moving average is $104.45.

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, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Institutional Trading of Walt Disney

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIS. Charles Schwab Investment Management Inc. raised its position in shares of Walt Disney by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant's stock valued at $1,001,454,000 after buying an additional 114,701 shares during the last quarter. Brookstone Capital Management raised its holdings in Walt Disney by 10.5% in the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant's stock valued at $15,687,000 after acquiring an additional 13,339 shares during the last quarter. Greystone Financial Group LLC boosted its position in shares of Walt Disney by 13.3% in the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant's stock worth $9,486,000 after acquiring an additional 9,967 shares during the last quarter. Avanza Fonder AB acquired a new position in Walt Disney during the fourth quarter worth approximately $15,125,000. Finally, Swedbank AB boosted its holdings in shares of Walt Disney by 14.4% in the 4th quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant's stock valued at $374,336,000 after purchasing an additional 422,339 shares during the last quarter. Hedge funds and other 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.