Walt Disney (NYSE:DIS) Shares Down 0.4%

The Walt Disney Company (NYSE:DIS)’s stock price fell 0.4% during trading on Tuesday . The company traded as low as $111.08 and last traded at $111.67. 2,090,773 shares changed hands during trading, a decline of 82% from the average session volume of 11,610,094 shares. The stock had previously closed at $112.08.

Wall Street Analyst Weigh In

DIS has been the subject of several analyst reports. Raymond James raised their target price on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Bank of America increased their price objective on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Rosenblatt Securities upped their price target on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Finally, Guggenheim upped their target price on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.08.

Walt Disney Trading Down 0.9 %

The company has a market capitalization of $203.79 billion, a P/E ratio of 68.61, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42. The firm has a fifty day moving average price of $114.19 and a 200-day moving average price of $100.06. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77.

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

Walt Disney Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be given a $0.45 dividend. This represents a dividend yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is currently 18.52%.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by insiders.

Institutional Trading of Walt Disney

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Planned Solutions Inc. bought a new stake in shares of Walt Disney in the fourth quarter worth about $26,000. Gold Investment Management Ltd. purchased a new position in shares of Walt Disney during the fourth quarter valued at approximately $28,000. Partnership Wealth Management LLC bought a new position in shares of Walt Disney during the fourth quarter valued at approximately $33,000. Stone House Investment Management LLC lifted its stake in Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after acquiring an additional 270 shares during the period. Finally, Red Tortoise LLC boosted its holdings in Walt Disney by 141.4% in the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 215 shares in the last quarter. Hedge funds and other institutional investors 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.