Walt Disney (NYSE:DIS) Stock Price Down 0.6% on Analyst Downgrade

The Walt Disney Company (NYSE:DIS)’s stock price dropped 0.6% during mid-day trading on Tuesday after Moffett Nathanson lowered their price target on the stock from $130.00 to $125.00. Moffett Nathanson currently has a buy rating on the stock. Walt Disney traded as low as $97.10 and last traded at $97.45. Approximately 2,855,348 shares traded hands during trading, a decline of 75% from the average daily volume of 11,449,450 shares. The stock had previously closed at $98.04.

DIS has been the topic of a number of other reports. Rosenblatt Securities increased their price target on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. The Goldman Sachs Group started coverage on shares of Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target for the company. Barclays decreased their price target on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Evercore ISI dropped their price objective on Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $145.00 target price on shares of Walt Disney in a research report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $126.44.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was 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 this hyperlink. In other Walt Disney news, Director James P. Gorman purchased 20,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was acquired at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the transaction, the director now directly owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Institutional Trading of Walt Disney

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. ESL Trust Services LLC purchased a new stake in shares of Walt Disney in the 1st quarter worth about $31,000. Planned Solutions Inc. bought a new stake in Walt Disney during the 4th quarter valued at approximately $26,000. Gold Investment Management Ltd. purchased a new position in shares of Walt Disney during the 4th quarter worth approximately $28,000. Partnership Wealth Management LLC bought a new position in shares of Walt Disney in the 4th quarter worth approximately $33,000. Finally, Stone House Investment Management LLC lifted its stake in shares of 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 purchasing an additional 270 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 0.6 %

The company has a market capitalization of $179.72 billion, a P/E ratio of 107.19, a price-to-earnings-growth ratio of 1.23 and a beta of 1.40. The company has a 50-day moving average of $104.17 and a two-hundred day moving average of $104.81. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. On average, research analysts predict that The Walt Disney Company will post 4.76 EPS 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.