Walt Disney (NYSE:DIS) Shares Up 0.4% - Here's Why

The Walt Disney Company (NYSE:DIS - Get Free Report)'s share price was up 0.4% during mid-day trading on Tuesday . The company traded as high as $92.67 and last traded at $92.52. Approximately 2,668,344 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 10,096,237 shares. The stock had previously closed at $92.11.

Wall Street Analyst Weigh In

DIS has been the topic of several research analyst reports. Wolfe Research upgraded shares of 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, April 21st. UBS Group lowered their target price on shares of Walt Disney from $130.00 to $105.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Guggenheim dropped their price objective 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. Loop Capital lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Finally, The Goldman Sachs Group upped their target price on Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Walt Disney has an average rating of "Moderate Buy" and an average price target of $122.92.

Walt Disney Trading Up 3.6 %

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 business's 50-day moving average price is $94.07 and its 200 day moving average price is $104.04. The company has a market cap of $191.22 billion, a P/E ratio of 34.41, a P/E/G ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. The firm had revenue of $23.62 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 EPS. As a group, analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney during the 1st quarter worth about $26,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Walt Disney in the 4th quarter valued at approximately $27,000. Kessler Investment Group LLC increased its holdings in shares of Walt Disney by 274.0% in the 1st 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 period. FPC Investment Advisory Inc. acquired a new stake in Walt Disney in the fourth quarter worth about $28,000. Finally, Tacita Capital Inc boosted 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 valued at $29,000 after purchasing an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

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.