Walt Disney (NYSE:DIS) Stock Price Up 0.7%

The Walt Disney Company (NYSE:DIS)’s share price shot up 0.7% during trading on Wednesday . The company traded as high as $89.90 and last traded at $89.73. 1,263,198 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 11,381,373 shares. The stock had previously closed at $89.13.

Analysts Set New Price Targets

DIS has been the topic of a number of research reports. Bank of America dropped their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Morgan Stanley cut their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Moffett Nathanson decreased their price target on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Loop Capital lowered their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $117.95.

Walt Disney Stock Performance

The company’s 50 day moving average price is $92.21 and its 200-day moving average price is $103.42. The company has a market cap of $161.61 billion, a PE ratio of 96.36, a price-to-earnings-growth ratio of 1.34 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same period in the previous year, the company posted $1.03 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. Equities research analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Walt Disney

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DIS. Gold Investment Management Ltd. bought a new stake in shares of Walt Disney during the 4th quarter valued at about $28,000. ESL Trust Services LLC bought a new position in shares of Walt Disney in the first quarter worth approximately $31,000. William B. Walkup & Associates Inc. purchased a new stake in Walt Disney in the second quarter valued at approximately $32,000. Partnership Wealth Management LLC bought a new stake in Walt Disney during the fourth quarter valued at approximately $33,000. Finally, Frank Rimerman Advisors LLC purchased a new position in Walt Disney in the 4th quarter worth approximately $37,000. 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.