The Walt Disney Company (NYSE:DIS – Get Free Report)’s stock price traded down 1.6% on Monday after Morgan Stanley lowered their price target on the stock from $130.00 to $110.00. Morgan Stanley currently has an overweight rating on the stock. Walt Disney traded as low as $86.42 and last traded at $88.10. 6,054,422 shares changed hands during trading, a decline of 46% from the average session volume of 11,294,806 shares. The stock had previously closed at $89.57.
DIS has been the topic of several other research reports. Moffett Nathanson dropped their price target on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Macquarie boosted their target price on shares of Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Loop Capital dropped their target price on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Finally, Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price for the company in a research report on Tuesday, May 21st. Three research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $127.08.
Insider Transactions at Walt Disney
In other Walt Disney news, Director James P. Gorman bought 20,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the acquisition, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James P. Gorman purchased 20,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the transaction, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. Company insiders own 0.10% of the company’s stock.
Institutional Investors Weigh In On Walt Disney
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ESL Trust Services LLC purchased a new stake in Walt Disney in the 1st quarter worth approximately $31,000. Gold Investment Management Ltd. acquired a new position in Walt Disney in the 4th quarter valued at $28,000. Partnership Wealth Management LLC acquired a new position in Walt Disney in the 4th quarter valued at $33,000. Stone House Investment Management LLC grew its stake in Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after buying an additional 270 shares during the last quarter. Finally, Red Tortoise LLC grew its position in Walt Disney by 141.4% in the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.
Walt Disney Stock Down 1.9 %
The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The company has a market capitalization of $160.19 billion, a price-to-earnings ratio of 97.00, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40. The firm’s 50-day simple moving average is $98.39 and its 200-day simple moving average is $105.44.
Walt Disney (NYSE:DIS – Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The company had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. During the same period last year, the firm earned $0.93 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. Sell-side analysts forecast that The Walt Disney Company will post 4.77 earnings per share for the current year.
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.