Walt Disney (NYSE:DIS) Stock Price Down 0.8%

The Walt Disney Company (NYSE:DIS) traded down 0.8% on Wednesday . The stock traded as low as $89.59 and last traded at $90.22. 4,212,580 shares changed hands during trading, a decline of 63% from the average session volume of 11,277,696 shares. The stock had previously closed at $90.94.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Walt Disney in a research report on Thursday, April 11th. They set an “overweight” rating and a $140.00 target price on the stock. Moffett Nathanson cut their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. UBS Group cut their target price on Walt Disney from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price on the stock in a research report on Tuesday, May 21st. Finally, Argus raised their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.54.

Walt Disney Stock Performance

The stock has a fifty day moving average price of $99.65 and a 200-day moving average price of $105.16. The firm has a market cap of $163.65 billion, a price-to-earnings ratio of 97.00, a price-to-earnings-growth ratio of 1.12 and a beta of 1.40. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. Walt Disney’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts expect that The Walt Disney Company will post 4.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director James P. Gorman bought 20,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the transaction, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director James P. Gorman bought 20,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the transaction, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Walt Disney

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Signature Estate & Investment Advisors LLC lifted its position in shares of Walt Disney by 118.8% in the second quarter. Signature Estate & Investment Advisors LLC now owns 9,540 shares of the entertainment giant’s stock valued at $947,000 after acquiring an additional 5,180 shares in the last quarter. Callan Family Office LLC lifted its holdings in Walt Disney by 59.2% during the 2nd quarter. Callan Family Office LLC now owns 6,237 shares of the entertainment giant’s stock worth $619,000 after buying an additional 2,319 shares during the last quarter. Pegasus Asset Management Inc. lifted its holdings in Walt Disney by 1.2% during the 2nd quarter. Pegasus Asset Management Inc. now owns 33,313 shares of the entertainment giant’s stock worth $3,308,000 after buying an additional 397 shares during the last quarter. Rational Advisors LLC lifted its holdings in shares of Walt Disney by 154.6% in the 2nd quarter. Rational Advisors LLC now owns 2,444 shares of the entertainment giant’s stock worth $243,000 after purchasing an additional 1,484 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Walt Disney by 10.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after purchasing an additional 1,449,730 shares during the last quarter. 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.