Walt Disney (NYSE:DIS) Shares Up 1.1% – Time to Buy?

The Walt Disney Company (NYSE:DIS)’s stock price shot up 1.1% during mid-day trading on Tuesday . The stock traded as high as $112.85 and last traded at $111.7470. 14,700,095 shares traded hands during mid-day trading, an increase of 52% from the average session volume of 9,667,150 shares. The stock had previously closed at $110.49.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DIS shares. Cowen restated a “hold” rating on shares of Walt Disney in a research note on Friday, November 14th. Weiss Ratings raised Walt Disney from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Sanford C. Bernstein restated an “outperform” rating on shares of Walt Disney in a report on Wednesday, November 12th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday, November 13th. Finally, Wall Street Zen cut shares of Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Nineteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $134.41.

Walt Disney Trading Up 1.1%

The stock’s 50 day moving average is $109.19 and its 200-day moving average is $114.62. The company has a market cap of $199.50 billion, a P/E ratio of 16.29, a PEG ratio of 1.54 and a beta of 1.49. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31.

Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.08. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. The business had revenue of $22.46 billion during the quarter, compared to analysts’ expectations of $22.78 billion. During the same period in the previous year, the company earned $1.14 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.75 per share. This represents a yield of 139.0%. The ex-dividend date is Tuesday, June 30th. Walt Disney’s dividend payout ratio (DPR) is currently 21.87%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Copeland Capital Management LLC purchased a new stake in shares of Walt Disney during the 3rd quarter valued at about $25,000. DiNuzzo Private Wealth Inc. lifted its position in Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after purchasing an additional 94 shares during the period. Strengthening Families & Communities LLC purchased a new stake in Walt Disney in the third quarter worth approximately $29,000. JPL Wealth Management LLC bought a new stake in Walt Disney in the 3rd quarter worth approximately $30,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Walt Disney in the 3rd quarter worth approximately $33,000. 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.