Walt Disney (NYSE:DIS) Trading 0.5% Higher

The Walt Disney Company (NYSE:DIS) shares shot up 0.5% during mid-day trading on Wednesday . The stock traded as high as $103.83 and last traded at $103.56. 1,946,527 shares changed hands during trading, a decline of 84% from the average session volume of 11,950,749 shares. The stock had previously closed at $103.01.

Analysts Set New Price Targets

Several brokerages recently issued reports on DIS. Barclays reduced their price objective on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Wells Fargo & Company lifted their price target on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Rosenblatt Securities lifted their target price on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Tigress Financial restated a “buy” rating and set a $136.00 target price on shares of Walt Disney in a report on Wednesday, February 21st. Finally, Morgan Stanley lifted their target price on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, March 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $125.52.

Walt Disney Price Performance

The stock’s fifty day moving average price is $112.72 and its 200-day moving average price is $102.79. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The firm has a market cap of $185.51 billion, a price-to-earnings ratio of 110.32, a price-to-earnings-growth ratio of 1.28 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $22.08 billion for the quarter, compared to analyst estimates 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 was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 earnings per share. Equities research analysts predict that The Walt Disney Company will post 4.76 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s 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 in the company, valued at approximately $536,448. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James P. Gorman purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the purchase, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The disclosure for this purchase can be found here. Company insiders own 0.10% of the company’s stock.

Institutional Trading of Walt Disney

Several large investors have recently modified their holdings of the company. Mcdonald Partners LLC boosted its holdings in shares of Walt Disney by 0.5% during the 1st quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock worth $2,199,000 after buying an additional 88 shares during the period. McKinley Carter Wealth Services Inc. boosted its holdings in 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 valued at $721,000 after purchasing an additional 89 shares during the period. Sendero Wealth Management LLC raised its stake in shares of Walt Disney by 2.0% in 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 in the last quarter. Pflug Koory LLC raised its stake in shares of Walt Disney by 1.0% in the 1st quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock valued at $1,100,000 after buying an additional 91 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC raised its stake in shares of Walt Disney by 3.5% in the 1st quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock valued at $343,000 after buying an additional 94 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

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.