Walt Disney (NYSE:DIS) Shares Down 0.6%

The Walt Disney Company (NYSE:DIS) dropped 0.6% during mid-day trading on Monday . The stock traded as low as $111.75 and last traded at $111.97. Approximately 1,282,725 shares changed hands during trading, a decline of 89% from the average daily volume of 11,967,490 shares. The stock had previously closed at $112.61.

Analyst Upgrades and Downgrades

DIS has been the topic of several analyst reports. Daiwa Capital Markets reaffirmed a “buy” rating and set a $133.00 price target on shares of Walt Disney in a research report on Monday, April 1st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. UBS Group upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Evercore ISI upped their price target on shares of Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Finally, Argus upped their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $124.54.

Walt Disney Trading Up 0.7 %

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The firm’s fifty day simple moving average is $113.98 and its 200-day simple moving average is $98.83. The stock has a market cap of $208.06 billion, a P/E ratio of 69.12, a price-to-earnings-growth ratio of 1.38 and a beta of 1.42.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. During the same quarter last year, the business earned $0.99 EPS. The company’s revenue was down .1% compared to the same quarter last year. Equities research analysts expect that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s payout ratio is 18.52%.

Insiders Place Their Bets

In other news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Institutional Trading of Walt Disney

Several hedge funds have recently bought and sold shares of DIS. Trian Fund Management L.P. grew its position in Walt Disney by 411.6% in the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after purchasing an additional 26,443,257 shares during the period. Norges Bank acquired a new stake in Walt Disney in the 4th quarter valued at $1,938,647,000. ValueAct Holdings L.P. purchased a new position in Walt Disney during the 4th quarter worth $459,245,000. First Eagle Investment Management LLC purchased a new position in Walt Disney during the 3rd quarter worth $326,171,000. Finally, International Assets Investment Management LLC boosted its holdings in Walt Disney by 8,681.3% during the 4th quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock worth $302,445,000 after acquiring an additional 3,311,563 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Company Profile

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.