Walt Disney (NYSE:DIS) Stock Price Down 0.4%

The Walt Disney Company (NYSE:DIS) traded down 0.4% during trading on Wednesday . The company traded as low as $116.37 and last traded at $117.46. 1,487,598 shares changed hands during trading, a decline of 88% from the average session volume of 12,349,662 shares. The stock had previously closed at $117.97.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DIS. Macquarie upped their price target on shares of Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Daiwa Capital Markets restated a “buy” rating and set a $133.00 target price on shares of Walt Disney in a report on Monday, April 1st. Bank of America lifted their price target on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a report on Monday, April 1st. JPMorgan Chase & Co. initiated coverage on Walt Disney in a research note on Thursday. They set an “overweight” rating and a $140.00 price objective for the company. Finally, Wells Fargo & Company raised their price objective on Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $124.54.

Walt Disney Price Performance

The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The firm’s fifty day moving average price is $112.63 and its 200 day moving average price is $97.21. The firm has a market capitalization of $214.89 billion, a PE ratio of 72.31, a P/E/G ratio of 1.70 and a beta of 1.42.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.25. The company had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm earned $0.99 EPS. As a group, equities analysts forecast that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be given a dividend of $0.45 per share. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio is currently 55.56%.

Insiders Place Their Bets

In other news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pflug Koory LLC raised its holdings in Walt Disney by 1.0% in the 1st quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock worth $1,100,000 after purchasing an additional 91 shares during the period. McLean Asset Management Corp raised its position in Walt Disney by 3.2% during the first quarter. McLean Asset Management Corp now owns 3,137 shares of the entertainment giant’s stock worth $370,000 after acquiring an additional 96 shares during the period. Destiny Wealth Partners LLC lifted its stake in Walt Disney by 2.9% in the 1st quarter. Destiny Wealth Partners LLC now owns 3,517 shares of the entertainment giant’s stock valued at $430,000 after buying an additional 98 shares in the last quarter. Carolinas Wealth Consulting LLC boosted its holdings in Walt Disney by 2.9% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 3,575 shares of the entertainment giant’s stock worth $490,000 after buying an additional 100 shares during the last quarter. Finally, Compton Capital Management Inc. RI boosted its holdings in Walt Disney by 0.5% in the 1st quarter. Compton Capital Management Inc. RI now owns 20,689 shares of the entertainment giant’s stock worth $2,838,000 after buying an additional 100 shares during the last quarter. Hedge funds and other 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.