Walt Disney (NYSE:DIS) Trading Down 0.2% - Here's Why

The Walt Disney Company (NYSE:DIS - Get Free Report)'s share price dropped 0.2% during mid-day trading on Friday . The company traded as low as $89.07 and last traded at $89.81. Approximately 1,593,733 shares traded hands during trading, a decline of 84% from the average daily volume of 10,065,443 shares. The stock had previously closed at $90.01.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wolfe Research upgraded shares of 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. Citigroup reiterated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Needham & Company LLC restated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Tuesday, April 22nd. Loop Capital lifted their target price on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Finally, Prescient Securities reduced their price target on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. 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 company. According to data from MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and a consensus price target of $123.75.

Walt Disney Stock Up 1.1 %

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 has a fifty day moving average of $96.59 and a two-hundred day moving average of $104.22. The company has a market cap of $164.80 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results 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 net margin of 6.07% and a return on equity of 9.95%. As a group, analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Walt Disney

Hedge funds and other institutional investors have recently modified their holdings of the business. Trek Financial LLC boosted its stake in shares of Walt Disney by 479.9% during the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock valued at $4,044,000 after purchasing an additional 30,057 shares during the period. Brookstone Capital Management boosted its position 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 buying an additional 13,339 shares during the period. Greystone Financial Group LLC grew its stake in Walt Disney by 13.3% in the 4th 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 in the last quarter. Avanza Fonder AB purchased a new position in shares of Walt Disney during the fourth quarter worth approximately $15,125,000. Finally, FourThought Financial Partners LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $446,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

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.