Walt Disney (NYSE:DIS) Shares Up 0.6%

Shares of The Walt Disney Company (NYSE:DIS) were up 0.6% on Tuesday . The stock traded as high as $113.76 and last traded at $113.62. Approximately 1,592,294 shares traded hands during trading, a decline of 87% from the average daily volume of 12,156,285 shares. The stock had previously closed at $112.95.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DIS shares. Bank of America raised their price objective on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, April 1st. The Goldman Sachs Group decreased their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Evercore ISI raised their price objective on shares of Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Morgan Stanley raised their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Finally, Raymond James raised their price objective on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $124.54.

Walt Disney Price Performance

The company has a market capitalization of $209.94 billion, a P/E ratio of 70.14, a P/E/G ratio of 1.65 and a beta of 1.42. The business’s 50-day simple moving average is $113.30 and its 200 day simple moving average is $97.91. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. During the same period in the previous year, the firm earned $0.99 EPS. Walt Disney’s revenue was down .1% on a year-over-year basis. As a group, sell-side analysts anticipate that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

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

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction that occurred 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 transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Walt Disney

Several hedge funds have recently made changes to their positions in the business. Planned Solutions Inc. purchased a new position in shares of Walt Disney in the fourth quarter worth approximately $26,000. Gold Investment Management Ltd. acquired a new stake in Walt Disney in the fourth quarter valued at approximately $28,000. Dark Forest Capital Management LP acquired a new stake in Walt Disney in the first quarter valued at approximately $28,000. Worth Asset Management LLC acquired a new stake in Walt Disney in the first quarter valued at approximately $29,000. Finally, Fortis Group Advisors LLC acquired a new stake in shares of Walt Disney in the third quarter worth $30,000. 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.