Walt Disney (NYSE:DIS) Shares Up 2.2% – Here’s Why

The Walt Disney Company (NYSE:DIS)’s share price was up 2.2% during mid-day trading on Monday . The company traded as high as $108.05 and last traded at $107.5970. Approximately 13,178,740 shares were traded during trading, an increase of 37% from the average daily volume of 9,591,558 shares. The stock had previously closed at $105.30.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Jefferies Financial Group decreased their price objective on shares of Walt Disney from $144.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 14th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Evercore ISI raised their price objective on shares of Walt Disney from $140.00 to $142.00 and gave the stock an “outperform” rating in a report on Friday, November 14th. KeyCorp reiterated a “sector weight” rating on shares of Walt Disney in a report on Friday, November 14th. Finally, Susquehanna reissued a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Eighteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.41.

Walt Disney Trading Up 2.2%

The stock has a 50-day moving average of $109.64 and a two-hundred day moving average of $114.68. The company has a market cap of $192.09 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 1.46 and a beta of 1.49. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 0.71.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.08. The firm had revenue of $22.46 billion for the quarter, compared to analysts’ expectations of $22.78 billion. Walt Disney had a return on equity of 9.37% and a net margin of 13.14%.The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.14 earnings per share. On average, equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, June 30th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a yield of 139.0%. Walt Disney’s payout ratio is 14.58%.

Institutional Investors Weigh In On Walt Disney

Several institutional investors and hedge funds have recently made changes to their positions in DIS. DiNuzzo Private Wealth Inc. increased its holdings in shares of Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares in the last quarter. Copeland Capital Management LLC purchased a new stake in shares of Walt Disney during the third quarter valued at $25,000. Strengthening Families & Communities LLC purchased a new stake in shares of Walt Disney during the third quarter valued at $29,000. JPL Wealth Management LLC bought a new stake in Walt Disney in the 3rd quarter worth about $30,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in Walt Disney in the 3rd quarter worth about $33,000. Institutional investors 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.