Walt Disney (NYSE:DIS) Trading 0.7% Higher Following Better-Than-Expected Earnings

The Walt Disney Company (NYSE:DIS)’s share price was up 0.7% during trading on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $106.48 and last traded at $106.11. Approximately 5,215,782 shares changed hands during trading, a decline of 56% from the average daily volume of 11,981,943 shares. The stock had previously closed at $105.39.

The entertainment giant reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. During the same period in the previous year, the business earned $0.93 EPS. Walt Disney’s revenue was up 1.2% compared to the same quarter last year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DIS. Argus increased their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Loop Capital increased their target price on Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft upped their target price on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday. Wells Fargo & Company boosted their price objective on shares of Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Finally, The Goldman Sachs Group reduced their target price on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $126.46.

Insider Buying and Selling

In other news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was 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 in the company, valued at approximately $536,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Walt Disney

Several institutional investors have recently made changes to their positions in DIS. Avitas Wealth Management LLC grew its stake in Walt Disney by 2.2% during the 4th quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after buying an additional 238 shares during the last quarter. WNY Asset Management LLC increased its holdings in Walt Disney by 32.8% in the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock worth $756,000 after acquiring an additional 2,304 shares in the last quarter. Pathway Financial Advisors LLC raised its holdings in shares of Walt Disney by 4.9% during the third quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock valued at $245,000 after acquiring an additional 141 shares during the last quarter. Telos Capital Management Inc. boosted its stake in Walt Disney by 1.7% during the 4th quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after purchasing an additional 1,236 shares during the last quarter. Finally, Tempus Wealth Planning LLC raised its holdings in Walt Disney by 4.5% in the 3rd quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock valued at $1,031,000 after acquiring an additional 546 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.1 %

The company’s 50-day moving average is $114.59 and its 200-day moving average is $101.21. The stock has a market capitalization of $193.45 billion, a price-to-earnings ratio of 65.10, a PEG ratio of 1.39 and a beta of 1.40. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39.

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.