Walt Disney (NYSE:DIS) Stock Price Down 1.6%

The Walt Disney Company (NYSE:DIS) shares dropped 1.6% during trading on Thursday . The company traded as low as $101.02 and last traded at $101.36. Approximately 2,766,428 shares changed hands during trading, a decline of 77% from the average daily volume of 11,913,481 shares. The stock had previously closed at $103.02.

Analysts Set New Price Targets

DIS has been the subject of a number of recent research reports. Evercore ISI decreased their price objective on Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price for the company in a report on Tuesday. Barclays reduced their target price on Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. Argus upped their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, Daiwa Capital Markets reiterated a “buy” rating and issued a $133.00 price objective on shares of Walt Disney in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $125.52.

Walt Disney Price Performance

The firm has a market capitalization of $183.51 billion, a P/E ratio of 109.24, a PEG ratio of 1.28 and a beta of 1.40. 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 firm has a 50-day moving average of $112.95 and a 200-day moving average of $102.80.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The firm 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%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 EPS. As a group, analysts predict that The Walt Disney Company will post 4.76 EPS for the current year.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 4,400 shares of the firm’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 transaction of $466,400.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director James P. Gorman bought 20,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the purchase, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Walt Disney

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Planned Solutions Inc. purchased a new stake in shares of Walt Disney during the fourth quarter worth about $26,000. Gold Investment Management Ltd. acquired a new position in Walt Disney in the 4th quarter valued at about $28,000. Fortis Group Advisors LLC acquired a new position in Walt Disney in the 3rd quarter valued at about $30,000. Stone House Investment Management LLC boosted its holdings 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 purchasing an additional 270 shares during the last quarter. Finally, ESL Trust Services LLC acquired a new position in Walt Disney in the 1st quarter valued at about $31,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

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.