Walt Disney (NYSE:DIS) Trading Down 0.5%

The Walt Disney Company (NYSE:DIS)’s share price dropped 0.5% on Wednesday . The company traded as low as $96.52 and last traded at $96.59. Approximately 1,713,356 shares changed hands during trading, a decline of 85% from the average daily volume of 11,340,654 shares. The stock had previously closed at $97.05.

Analyst Upgrades and Downgrades

DIS has been the topic of several analyst reports. Moffett Nathanson lowered their target price on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Needham & Company LLC restated a “buy” rating and set a $145.00 price objective on shares of Walt Disney in a research report on Wednesday, July 3rd. Barclays cut their price target on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. The Goldman Sachs Group started coverage on Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 target price for the company. Finally, Rosenblatt Securities upped their price target on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $126.44.

Walt Disney Price Performance

The company’s 50-day simple moving average is $102.12 and its 200-day simple moving average is $104.89. The stock has a market capitalization of $176.43 billion, a P/E ratio of 105.00, a price-to-earnings-growth ratio of 1.21 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. The business had revenue of $22.08 billion during 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%. Walt Disney’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the business posted $0.93 EPS. As a group, sell-side analysts expect that The Walt Disney Company will post 4.75 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In related news, Director James P. Gorman acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director James P. Gorman purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the acquisition, the director now owns 20,467 shares in the company, 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 hyperlink. Also, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were 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. Insiders own 0.10% of the company’s stock.

Institutional Trading of Walt Disney

A number of institutional investors have recently bought and sold shares of DIS. Mcdonald Partners LLC lifted its position in Walt Disney by 0.5% during the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after purchasing an additional 88 shares during the period. Sendero Wealth Management LLC lifted its holdings in shares of Walt Disney by 2.0% during the 1st quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock valued at $569,000 after buying an additional 89 shares during the period. McKinley Carter Wealth Services Inc. boosted its stake in shares of Walt Disney by 1.5% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock worth $721,000 after buying an additional 89 shares during the last quarter. Pflug Koory LLC grew its holdings in shares of Walt Disney by 1.0% in the first quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock worth $1,100,000 after acquiring an additional 91 shares during the period. Finally, Regent Peak Wealth Advisors LLC increased its position in Walt Disney by 3.5% during the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock valued at $343,000 after acquiring an additional 94 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

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.