Walt Disney (NYSE:DIS) Shares Down 1.5% - What's Next?

The Walt Disney Company (NYSE:DIS - Get Free Report) was down 1.5% on Monday . The company traded as low as $83.00 and last traded at $83.58. Approximately 2,847,474 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 9,806,433 shares. The stock had previously closed at $84.81.

Analyst Upgrades and Downgrades

DIS has been the topic of several recent research reports. Macquarie reaffirmed a "neutral" rating and set a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Barclays dropped their price target on shares of Walt Disney from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. UBS Group dropped their target price on shares of Walt Disney from $130.00 to $105.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Tuesday. Finally, Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research report on Monday. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $123.75.

Walt Disney Stock Up 0.2 %

The stock's 50-day simple moving average is $97.01 and its 200-day simple moving average is $104.09. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $163.12 billion, a P/E ratio of 29.39, a P/E/G ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping analysts' consensus estimates 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, research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Walt Disney

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Trek Financial LLC boosted its stake in Walt Disney by 479.9% in the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock valued at $4,044,000 after acquiring an additional 30,057 shares during the last quarter. Brookstone Capital Management raised its holdings in shares of Walt Disney by 10.5% in the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant's stock worth $15,687,000 after purchasing an additional 13,339 shares during the period. Greystone Financial Group LLC lifted its stake in Walt Disney by 13.3% in the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant's stock valued at $9,486,000 after purchasing an additional 9,967 shares during the last quarter. Avanza Fonder AB bought a new position in Walt Disney during the fourth quarter valued at $15,125,000. Finally, FourThought Financial Partners LLC bought a new stake in shares of Walt Disney in the fourth quarter valued at $446,000. 65.71% of the stock is owned by hedge funds and other 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.