Walt Disney (NYSE:DIS) Stock Price Up 3.8% - Here's What Happened

The Walt Disney Company (NYSE:DIS - Get Free Report)'s share price was up 3.8% during trading on Monday . The stock traded as high as $110.40 and last traded at $109.99. Approximately 4,266,335 shares changed hands during trading, a decline of 57% from the average daily volume of 9,986,326 shares. The stock had previously closed at $105.94.

Analysts Set New Price Targets

Several analysts recently commented on DIS shares. The Goldman Sachs Group raised their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Citigroup reaffirmed a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Loop Capital raised their price objective on Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Barclays raised their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Wolfe Research raised 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. Six research 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $123.54.

Walt Disney Stock Performance

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 company has a market capitalization of $203.62 billion, a PE ratio of 36.89, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The business's fifty day moving average is $94.62 and its two-hundred day moving average is $104.66.

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 analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter in the previous year, the firm posted $1.21 EPS. The firm's revenue was up 7.0% on a year-over-year basis. Equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction 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 completion of the sale, the executive vice president now owns 46,831 shares of the company's stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.16% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DIS. AdvisorNet Financial Inc boosted its holdings in Walt Disney by 19.0% in the 4th quarter. AdvisorNet Financial Inc now owns 6,426 shares of the entertainment giant's stock worth $716,000 after buying an additional 1,024 shares during the period. Accurate Wealth Management LLC boosted its holdings in shares of Walt Disney by 12.4% during the 4th quarter. Accurate Wealth Management LLC now owns 4,247 shares of the entertainment giant's stock valued at $461,000 after purchasing an additional 467 shares during the last quarter. Kathmere Capital Management LLC boosted its holdings in shares of Walt Disney by 33.8% during the 4th quarter. Kathmere Capital Management LLC now owns 4,762 shares of the entertainment giant's stock valued at $530,000 after purchasing an additional 1,204 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Walt Disney by 6.2% during the 4th quarter. Park Avenue Securities LLC now owns 70,226 shares of the entertainment giant's stock valued at $7,818,000 after purchasing an additional 4,083 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Walt Disney by 53.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,033 shares of the entertainment giant's stock valued at $449,000 after purchasing an additional 1,406 shares during the last quarter. 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.