Walt Disney (NYSE:DIS) Stock Price Down 0.2%

The Walt Disney Company (NYSE:DIS)’s share price dropped 0.2% during trading on Wednesday . The company traded as low as $113.14 and last traded at $113.51. Approximately 1,828,721 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 11,844,281 shares. The stock had previously closed at $113.71.

Analysts Set New Price Targets

Several research analysts recently commented on DIS shares. Macquarie lifted their target price on shares of Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Daiwa Capital Markets reiterated a “buy” rating and set a $133.00 target price on shares of Walt Disney in a report on Monday, April 1st. Deutsche Bank Aktiengesellschaft lowered their price target on Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. Guggenheim upped their target price on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Finally, Evercore ISI boosted their target price on Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. One equities research 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.com, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $125.08.

Walt Disney Stock Performance

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The firm’s 50 day moving average is $114.10 and its 200-day moving average is $99.27. The company has a market cap of $208.96 billion, a PE ratio of 70.10, a PEG ratio of 1.38 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its earnings results 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. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same period last year, the company earned $0.99 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. On average, research analysts anticipate that The Walt Disney Company will post 4.66 earnings per share for the current fiscal 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 issued a dividend of $0.45 per share. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio is presently 18.52%.

Insiders Place Their Bets

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 value of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Walt Disney

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DIS. Planned Solutions Inc. purchased a new position in shares of Walt Disney in the 4th quarter valued at about $26,000. Gold Investment Management Ltd. purchased a new position in Walt Disney in the 4th quarter valued at approximately $28,000. Fortis Group Advisors LLC purchased a new stake in Walt Disney during the third quarter worth $30,000. Stone House Investment Management LLC increased its position in shares of Walt Disney by 355.3% in the fourth 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 in the last quarter. Finally, Partnership Wealth Management LLC purchased a new position in shares of Walt Disney during the fourth quarter valued at approximately $33,000. 65.71% of the stock is owned by institutional investors and hedge funds.

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.