Walt Disney (NYSE:DIS) Shares Down 0.2%

The Walt Disney Company (NYSE:DIS)’s share price fell 0.2% during mid-day trading on Monday . The stock traded as low as $85.48 and last traded at $86.08. 2,983,826 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 11,622,875 shares. The stock had previously closed at $86.21.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DIS shares. Wells Fargo & Company cut their target price on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday. JPMorgan Chase & Co. lowered their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday. Loop Capital cut their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Macquarie upped their price objective on Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Finally, Evercore ISI dropped their target price on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday. Three research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.75.

Walt Disney Stock Down 0.5 %

The firm has a market capitalization of $156.38 billion, a price-to-earnings ratio of 93.57, a P/E/G ratio of 1.15 and a beta of 1.40. The business’s 50-day moving average is $96.90 and its two-hundred day moving average is $105.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. The company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 earnings per share. On average, equities analysts anticipate that The Walt Disney Company will post 4.77 earnings per share for the current year.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Walt Disney

Large investors have recently bought and sold shares of the company. Marathon Trading Investment Management LLC lifted its holdings in shares of Walt Disney by 333.0% during the 2nd quarter. Marathon Trading Investment Management LLC now owns 7,802 shares of the entertainment giant’s stock worth $775,000 after acquiring an additional 6,000 shares during the period. Seven Eight Capital LP bought a new stake in Walt Disney during the second quarter worth $3,232,000. Beck Bode LLC boosted its holdings in shares of Walt Disney by 4,132.4% in the 2nd quarter. Beck Bode LLC now owns 73,982 shares of the entertainment giant’s stock valued at $7,346,000 after purchasing an additional 72,234 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Walt Disney by 5.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 139,002 shares of the entertainment giant’s stock worth $12,707,000 after buying an additional 7,718 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Walt Disney by 6.9% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 67,092 shares of the entertainment giant’s stock worth $6,662,000 after buying an additional 4,349 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

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.