Walt Disney (NYSE:DIS) Stock Price Down 0% - What's Next?

The Walt Disney Company (NYSE:DIS - Get Free Report) shares were down 0% during trading on Wednesday . The stock traded as low as $111.35 and last traded at $112.33. Approximately 1,385,167 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 9,990,174 shares. The stock had previously closed at $112.36.

Analysts Set New Price Targets

A number of research firms have weighed in on DIS. Rosenblatt Securities reaffirmed a "buy" rating and set a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Guggenheim decreased their price target 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. UBS Group raised their price objective on Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a research note on Monday, April 21st. Finally, Prescient Securities reduced their price objective on Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $123.54.

Walt Disney Price Performance

The company's fifty day moving average price is $95.21 and its 200 day moving average price is $105.02. 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 firm has a market capitalization of $199.48 billion, a price-to-earnings ratio of 36.16, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49.

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

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president now directly owns 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.16% of the stock is currently owned by insiders.

Institutional Trading of Walt Disney

A number of hedge funds and other institutional investors have recently made changes to their positions in DIS. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Walt Disney during the 1st quarter worth about $26,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Walt Disney during the 4th quarter worth about $27,000. Kessler Investment Group LLC raised its position in shares of Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after buying an additional 200 shares in the last quarter. FPC Investment Advisory Inc. bought a new stake in shares of Walt Disney during the 4th quarter worth about $28,000. Finally, Tacita Capital Inc raised its position in shares of Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after buying an additional 124 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

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.

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