The Walt Disney Company (NYSE:DIS - Get Free Report) traded up 2.1% during mid-day trading on Tuesday . The stock traded as high as $111.84 and last traded at $112.07. 2,376,121 shares traded hands during trading, a decline of 76% from the average session volume of 10,013,127 shares. The stock had previously closed at $109.72.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. Guggenheim cut their price target on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Rosenblatt Securities reissued a "buy" rating and set a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Barclays increased their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. UBS Group increased their price target on shares of Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Prescient Securities cut their price target on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Six 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 company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $123.54.
Read Our Latest Analysis on DIS
Walt Disney Stock Up 0.9%
The firm's 50-day moving average price is $96.82 and its 200 day moving average price is $105.55. The firm has a market capitalization of $203.24 billion, a price-to-earnings ratio of 36.82, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.
Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating 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 quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.21 earnings per share. Sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.
Insider Activity
In related news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president now owns 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.16% of the company's stock.
Institutional Trading of Walt Disney
Hedge funds have recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Walt Disney during the first quarter worth approximately $26,000. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney during the fourth quarter worth approximately $27,000. Kessler Investment Group LLC boosted its position in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after acquiring an additional 200 shares during the last quarter. FPC Investment Advisory Inc. purchased a new position in Walt Disney during the fourth quarter worth approximately $28,000. Finally, Tacita Capital Inc raised its stake in Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after purchasing an additional 124 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.
About Walt Disney
(
Get Free Report)
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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