Walt Disney (NYSE:DIS) Trading Up 2.1% - Here's What Happened

The Walt Disney Company (NYSE:DIS - Get Free Report) shares traded up 2.1% on Tuesday . The stock traded as high as $111.84 and last traded at $112.07. 2,376,121 shares were traded during mid-day trading, a decline of 76% from the average session volume of 10,013,127 shares. The stock had previously closed at $109.72.

Analysts Set New Price Targets

A number of research firms recently commented on DIS. Guggenheim decreased their target price on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Prescient Securities cut their price objective on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Morgan Stanley lifted their target price on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. UBS Group raised their target price on Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $123.54.

Walt Disney Price Performance

The company has a market capitalization of $200.87 billion, a price-to-earnings ratio of 36.37, a PEG ratio of 1.80 and a beta of 1.49. The company's 50 day simple moving average is $96.34 and its 200-day simple moving average is $105.46. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.24. The business had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The company's revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 EPS. On average, equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the transaction, the executive vice president now owns 46,831 shares of the company's stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.16% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new position in shares of Walt Disney in the fourth quarter worth about $27,000. FPC Investment Advisory Inc. acquired a new position in shares of Walt Disney in the fourth quarter worth about $28,000. Tacita Capital Inc boosted its holdings in shares of Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after buying an additional 124 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Walt Disney in the first quarter worth about $26,000. Finally, Kessler Investment Group LLC boosted its holdings in shares of Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after buying an additional 200 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

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.