The Walt Disney Company (NYSE:DIS - Get Free Report) shares shot up 10.7% on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $103.31 and last traded at $102.00. 17,785,913 shares were traded during trading, an increase of 75% from the average session volume of 10,141,662 shares. The stock had previously closed at $92.17.
The entertainment giant reported $1.45 EPS for the quarter, beating 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%. Walt Disney's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.21 earnings per share.
Wall Street Analyst Weigh In
DIS has been the topic of several recent analyst reports. Barclays reduced their target price on Walt Disney from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Redburn Atlantic upgraded shares of Walt Disney from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research note on Monday, April 21st. Finally, Loop Capital lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Walt Disney has an average rating of "Moderate Buy" and a consensus price target of $123.75.
Read Our Latest Report on Walt Disney
Institutional Trading of Walt Disney
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farmers Trust Co. boosted its holdings in Walt Disney by 1.1% in the 4th quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant's stock valued at $945,000 after purchasing an additional 92 shares in the last quarter. Pathway Financial Advisors LLC boosted its stake in shares of Walt Disney by 2.7% in the fourth quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant's stock valued at $386,000 after buying an additional 92 shares in the last quarter. Prossimo Advisors LLC grew its holdings in Walt Disney by 1.1% during the fourth quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant's stock worth $972,000 after acquiring an additional 92 shares during the period. Saxon Interests Inc. raised its position in Walt Disney by 2.8% in the fourth quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant's stock worth $380,000 after acquiring an additional 93 shares in the last quarter. Finally, Onefund LLC boosted its position in shares of Walt Disney by 2.0% during the 4th quarter. Onefund LLC now owns 4,856 shares of the entertainment giant's stock worth $541,000 after purchasing an additional 93 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.
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 stock's 50 day moving average price is $94.31 and its two-hundred day moving average price is $104.06. The firm has a market capitalization of $184.24 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 1.80 and a beta of 1.49.
About Walt Disney
(
Get Free Report)
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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